Johnson Controls Finishes Its Fiscal 2018 With Strong 4Q Results; No Decision Made on Power Solution
Johnson Controls' fiscal fourth-quarter results continued the company's trend of improving fundamentals. The narrow-moat rated company's organic revenue grew 6% year over year to $8.73 billion, adjusted EBIT margin expanded 10 basis points to 14.0%, and adjusted EPS increased 7% to $0.93. Johnson Controls' fourth-quarter revenue slightly beat Wall Street estimates while its adjusted EBIT margin and adjusted EPS were in line with consensus estimates. Johnson Controls' cash management initiatives ...
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