trending Market Intelligence /marketintelligence/en/news-insights/trending/c9bE-ppYvLCQnJyxk0tO9A2 content esgSubNav
In This List

Johnson Controls profit misses consensus by 40.8% in fiscal Q2

Blog

Europe: 5 key OTT trends to watch in 2022

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud


Johnson Controls profit misses consensus by 40.8% in fiscal Q2

Johnson Controls International plc said its normalized net income for the fiscal second quarter ended March 31 amounted to 29 cents per share, compared with the S&P Capital IQ consensus estimate of 49 cents per share.

EPS increased year over year from 28 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $274.5 million, a gain of 48.3% from $185.1 million in the year-earlier period.

The normalized profit margin fell to 3.8% from 3.9% in the year-earlier period.

Total revenue increased 53.5% on an annual basis to $7.27 billion from $4.73 billion, and total operating expenses increased 54.5% from the prior-year period to $6.71 billion from $4.34 billion.

Reported net income came to a loss of $150.3 million, or a loss of 16 cents per share, compared with income of $215.2 million, or 33 cents per share, in the year-earlier period.