Report
Brian Bernard
EUR 147.86 For Business Accounts Only

Johnson Controls Off to Solid Start Post Merger; Guidance and Dividend to be Unveiled at Analyst Day

Johnson Controls released its fourth-quarter results on Nov. 8, marking the first earnings release from the company since it merged with Tyco International on Sept. 2. Although Johnson Controls’ financial results included noise from the merger and the spin-off of its automotive seating business, Adient, on Oct. 31, the company’s adjusted full-year EPS of $3.98 per share slightly beat our $3.96 per share estimate. After digesting the results, our thesis remains intact and we are maintaining our $...
Underlying
Johnson Controls International plc

Provider
Morningstar
Morningstar

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.

Analysts
Brian Bernard

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