NYSE$JCI

Johnson Controls Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Johnson Controls reported fiscal Q3 2020 results demonstrating strong execution and provided Q4 guidance.

Johnson Controls reported adjusted EPS of $0.67, up 3% versus prior year, and GAAP EPS was a loss of $0.24. Sales of $5.3 billion decreased 17% compared to the prior year and declined 16% organically, driven by the COVID-19 pandemic. The company provides Q4 adjusted earnings per share guidance range of $0.68 to $0.72; full year guidance of $2.16 to $2.20, representing a year-over-year increase of 10-12%.

  • Adjusted EPS of $0.67, up 3% versus prior year; GAAP EPS was a loss of $0.24
  • Significant cost mitigation actions both temporary and permanent executed; tracking ahead of expectations
  • Adjusted EBIT margin expansion of 70bps year-over-year; GAAP EBIT margin of (1.2%)
  • Adjusted free cash flow of $0.8 billion; GAAP free cash flow of $0.7 billion

Headline financials

Total Revenue

$5.34B

Previous: $6.45B-17.2%
EPS (adj)

$0.67

Previous: $0.65+3.1%
Free Cash Flow

-$182M

Previous: $4.19B-104.3%
Net Income

-$182M

Previous: $4.19B-104.3%
Operating Income

-$720M

Previous: $276M-360.9%
Gross Profit

$1.83B

Previous: $2.14B-14.6%
Cash & Equivalents

$2.34B

Previous: $3.69B-36.4%
Total Assets

$41.3B

Previous: $43.1B-4.2%
Stock-Based Comp

$23M

Previous: $24M-4.2%

Revenue & EPS history

Johnson Controls · Revenue · Quarterly

$5.34B

Q3 2020-17.2%vs Q3 2019
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Forward guidance

Company provides Q4 adjusted earnings per share guidance range of $0.68 to $0.72; full year guidance of $2.16 to $2.20, representing a year-over-year increase of 10-12%

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2020

Historical avgQ3 2020

+0.2%

Avg return

Earnings day

+0.5%

Avg return

5 days after

+1.7%

Avg return

30 days after

54%

40 / 74 earnings

Positive

+11.7%

Q4 2022

Best reaction

-12.5%

Q2 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026-1.7%-4.0%-0.8%
Q1 2026+7.5%+12.1%+6.8%
Q4 2025+8.9%+10.4%+2.9%
Q3 2025-0.2%+0.8%+1.3%
Q2 2025+1.3%+7.3%+16.9%
Q1 2025+11.3%+15.8%+3.6%
Q4 2024+9.4%+15.7%+12.7%
Q3 2024+1.9%-4.8%+5.5%
Q2 2024-6.6%-2.6%+10.5%
Q1 2024-7.0%-3.9%+4.6%
Q4 2023-5.8%-7.3%+2.2%
Q3 2023-11.4%-10.7%-14.6%
Q2 2023+7.8%+6.5%+6.6%
Q1 2023-7.2%-5.4%-6.3%
Q4 2022+11.7%+13.6%+19.3%
Q3 2022+1.5%-0.3%+1.1%
Q2 2022-12.5%-16.4%-12.1%
Q1 2022-4.7%-7.8%-13.0%
Q4 2021+0.9%+3.2%+5.6%
Q3 2021-1.3%-0.3%+4.4%
Q2 2021+1.0%+1.9%+5.2%
Q1 2021+3.2%+2.6%+13.1%
Q4 2020-4.9%-0.5%+4.1%
Q3 2020+4.5%+3.0%+10.9%
Q2 2020-2.0%-2.7%+7.9%
Q1 2020-3.0%-1.7%-9.7%
Q4 2019-3.9%-3.8%-4.8%
Q3 2019+1.8%+0.3%+3.4%
Q2 2019+3.9%+5.6%+2.7%
Q1 2019+0.1%+1.0%+4.5%
Q4 2018+2.8%+4.1%-2.2%
Q3 2018+3.3%+4.1%+3.3%
Q2 2018+4.3%+7.0%-0.9%
Q1 2018-0.1%-5.8%-9.0%
Q4 2017-9.9%-12.5%-8.8%
Q3 2017-8.5%-10.5%-10.4%
Q2 2017-3.4%-3.7%-2.4%
Q1 2017-3.8%-3.8%-4.4%
Q4 2016+5.5%+6.2%+5.0%
Q3 2016+5.9%+5.4%+4.0%
Q2 2016+6.9%
Q1 2016+2.3%
Q4 2015+0.6%
Q3 2015-2.1%
Q2 2015-6.0%
Q1 2015+0.6%
Q4 2014+1.7%
Q3 2014+1.6%
Q2 2014-0.9%
Q1 2014-4.7%
Q4 2013+0.9%
Q3 2013+1.0%
Q2 2013-0.3%
Q1 2013-0.3%
Q4 2012+0.0%
Q3 2012-0.9%
Q2 2012-0.6%
Q1 2012+1.8%
Q4 2011+1.0%
Q3 2011-1.0%
Q2 2011-0.3%
Q1 2011+0.6%
Q1 2008-1.9%
Q4 2010-1.9%
Q3 2010+4.6%
Q2 2010-2.1%
Q1 2009-2.9%
Q1 2010+0.2%
Q2 2009+0.2%
Q4 2007+0.2%
Q4 2009+0.2%
Q4 2008+4.9%
Q3 2008+4.9%
Q3 2009+4.9%

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