Johnson Controls: strong start to the year
(CercleFinance.com) - Johnson Controls has reported adjusted EPS growth that is up 26% at 54 cents for Q1 2021-22, with an adjusted operating margin improving 0.
4 percentage points to 9.2% on revenues that are up 10% to 5.9 billion dollars (+8% in organic terms).
The group noted its strong start to the year, achieving strong orders, sales and profitability in the quarter, despite a still challenging operating environment.
Johnson Controls confirms that it expects adjusted 2021-22 EPS in a target range of 3.22 to 3.32 dollars, representing a 22% to 25% increase over the previous year.
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