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Johnson Controls fiscal Q2 profit climbs 14.6% YOY

Johnson Controls International plc said its normalized net income for the fiscal second quarter ended March 31 came to 54 cents per share, an increase of 16.5% from 46 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $354.9 million, an increase of 14.6% from $309.6 million in the prior-year period.

The normalized profit margin increased to 3.9% from 3.3% in the year-earlier period.

Total revenue decreased on an annual basis to $9.20 billion from $9.47 billion, and total operating expenses fell year over year to $8.60 billion from $8.95 billion.

Reported net income rose 9.7% from the prior-year period to $449.6 million, or 68 cents per share, from $409.8 million, or 61 cents per share.