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MarketScreener Homepage  >  Equities  >  Nyse  >  Johnson Controls International Plc    JCI   IE00BY7QL619

JOHNSON CONTROLS INTERNATIONAL PLC

(JCI)
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Johnson Controls International : Swings to 3Q Loss Amid Falling Demand

07/31/2020 | 07:02am EST

By Matt Grossman

 

Johnson Controls International PLC on Friday reported a loss for the third quarter as revenue fell, but the company recorded a profit on an adjusted basis ahead of analysts' expectations.

The Irish-domiciled company, a producer of building, air-conditioning and security equipment, reported sales in its building-solutions segment in North America declined as project installations pulled back during the coronavirus pandemic. Orders fell in Asia Pacific as well due to reduced demand during the Covid-19 crisis, the company said.

Johnson Controls reported a loss of $182 million, or 24 cents a share, compared with a profit of $4.19 billion, or $4.79 a share, in the same three-month period a year earlier.

The company's profit from continuing operations in 2019's third quarter was $141 million, or 16 cents a share.

On an adjusted basis, the company reported a third-quarter profit of 67 cents a share. Analysts polled by FactSet had anticipated third-quarter adjusted earnings of 48 cents a share.

Restructuring and impairment costs in the quarter were $610 million.

Revenue was $5.34 billion, down from $6.45 billion in the same three-month period a year earlier. Analysts were expecting third-quarter revenue of $5.13 billion.

 

Write to Matt Grossman at matt.grossman@wsj.com

 

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Financials (USD)
Sales 2021 23 088 M - -
Net income 2021 1 793 M - -
Net Debt 2021 6 193 M - -
P/E ratio 2021 21,3x
Yield 2021 2,08%
Capitalization 37 670 M 37 670 M -
EV / Sales 2021 1,90x
EV / Sales 2022 1,82x
Nbr of Employees 97 000
Free-Float 93,6%
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Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 53,17 $
Last Close Price 52,35 $
Spread / Highest target 37,5%
Spread / Average Target 1,56%
Spread / Lowest Target -19,8%
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Managers and Directors
NameTitle
George R. Oliver Chairman & Chief Executive Officer
Olivier Leonetti Chief Financial Officer & Executive Vice President
Diane K. Schwarz Chief Information Officer
Juan Pablo del Valle Perochena Independent Director
Mark P. Vergnano Independent Director
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