Johnson Controls Grows 10 Per Cent Q2 To $US6.7 Billion.
Johnson Controls grows 10 per cent in Q2 – Johnson Controls, parent company of American Dynamics, Software House, DSC, Tyco, Exacq, Visonic and Kantech, has reported a 10 per cent increase in its fiscal Q2 sales to $US6.7 billion, with organic sales growth of 13 per cent. organically.
Specific to Johnson Controls Building Solutions North America group, sales in the quarter of $2.5 billion increased 13 per cent versus the prior year. Organic sales increased 14 per cent over the prior year with growth in both service and install, led by strong performances in HVAC & Controls and Fire & Security.
Net income from continuing operations was $133 million. Adjusted net income from continuing operations of $517 million was up 17 per cent versus the prior year. Earnings before interest and taxes was $294 million and EBIT margin was 4.4 per cent. Adjusted EBIT was $716 million and adjusted EBIT margin was 10.7 per cent.
“Johnson Controls delivered strong second quarter results led by double-digit growth in sales and high single digit order growth,” said George Oliver, Chairman and CEO.
“Our order pipeline remains healthy across all our vectors of growth and we are encouraged by the continued momentum within our Service business. Our leading technologies position us well in making buildings smarter, healthier, and more sustainable.”
JCI has updated its full-year guidance to 10 per cent growth, above the previously expecting high single-digit growth. You can read more about JCI technology here, or check out more SEN news here.
“Johnson Controls Grows 10 Per Cent Q2 To $US6.7 Billion.”
