After Solid 1Q Performance, Johnson Controls Remains On Track to Achieve 2018 Guidance
We thought Johnson Controls put together a solid first-quarter performance, as consolidated organic revenue increased 3% versus the year-ago quarter and adjusted EPS improved $0.01 to $0.54 despite several margin headwinds. During the fourth-quarter call, management disclosed that first-quarter earnings would be negatively affected by gross margin pressure as revenue from certain unfavorably priced backlog projects is recognized (an issue that is being rectified), as well as increased salesforce...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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