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December 18, 2013
08:10 EDTJCIJohnson Controls provides FY14 outlook ahead of analyst meeting
Johnson Controls provided its FY14 forecast ahead of meeting with financial analysts today. The company sees year-on-year segment income improvement of approximately 15%, EPS of approximately $3.15- $3.30, consolidated net sales of approximately $43.8B, up 3%, and sales and segment income increases in Automotive Experience, Building Efficiency and Power Solutions. The consensus estimate for earnings is $3.31 and for sales is $43.87B. Johnson Controls said it will continue making "significant growth investments the Chinese market and noted that it had started construction of a new corporate headquarters building in Shanghai, reflecting the market's growing importance." In FY14, the company expects global automotive production to increase across all the key geographies, led by an expected 11% growth rate in China. European production is expected to grow 2% versus 2013, with a North American market outlook of 6% growth. Johnson Controls said it expects 2014 capital investments of $1.2B, approximately $200% lower than in 2013. Johnson Controls also provided mid-term margin guidance for each of its businesses. Automotive Experience revenues are expected to be flat over the mid-term while margins are expected to expand an average of 40 to 50 basis points annually to approximately 7%. Over the mid-term, Power Solutions revenues are forecast to increase 8%-9% annually due to growth in China, market share gains and an improved product mix. Building Efficiency organic revenues over the mid-term are expected to increase 5%-6% as global markets recover and as it continues to gain share.
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April 23, 2014
10:10 EDTJCIJohnson Controls results better than the headlines, says Barclays
Barclays said Johnson Controls actually posted a slight beat and narrowed FY14 guidance once you take away the impact of electronics divestitures. The analyst said earnings from continuing operations was 64c, ahead of 62c ex-Electronics pro forma estimate. Shares are Overweight rated with a $60 price target.
07:20 EDTJCIJohnson Controls sees Q3 cont ops EPS 81c-84c, consensus 86c
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07:20 EDTJCIJohnson Controls sees FY14 cont ops EPS $3.10-$3.15, consensus $3.24
Backs FY14 free cash flow of $1.6B and segment margin improvements in all three of its businesses. The updated guidance assumes that underlying earnings from the recently announced Air Distribution Technologies acquisition are neutral in 2014.
07:18 EDTJCIJohnson Controls CEO 'pleased' with profitability despite challenging economy
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07:06 EDTJCIJohnson Controls reports Q2 cont ops EPS 64c, consensus 65c
Reports Q2 revenue $10.46B, consensus $10.68B
April 22, 2014
15:32 EDTJCINotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Procter & Gamble (PG), consensus $1.02; Boeing (BA), consensus $1.56; Biogen Idec (BIIB), consensus $2.56; Dow Chemical (DOW), consensus 71c; EMC Corporation (EMC), consensus 35c; Thermo Fisher (TMO), consensus $1.40; Praxair (PX), consensus $1.51; General Dynamics (GD), consensus $1.64; Johnson Controls (JCI), consensus 65c; Norfolk Southern (NSC), consensus $1.15; Reynolds American (RAI), consensus 74c; Delta Air Lines (DAL), consensus 29c; Northrop Grumman (NOC), consensus $2.15; Air Products & Chemicals (APD), consensus $1.35; TD Ameritrade (AMTD), consensus 34c; Ingersoll-Rand (IR), consensus 26c; Dr Pepper Snapple (DPS), consensus 59c; Polaris Industries (PII), consensus $1.16; Ryder System (R), consensus 87c.
April 16, 2014
11:23 EDTJCIJohnson Controls says continuing to look at alternatives for auto interiors unit
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10:13 EDTJCIJohnson Controls to host conference call
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08:02 EDTJCIJohnson Controls to acquire Air Distribution Technologies for $1.6B
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08:01 EDTJCIJohnson Controls to acquire Air Distribution Technologies for $1.6B
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