Johnson Controls Reports Strong 2Q Results and Completes Power Solutions Sale
Shares of narrow-moat-rated Johnson Controls traded higher on May 1 after the company reported strong fiscal second-quarter results that topped consensus earnings expectations, completed the sale of its power solutions division, and raised its full-year EPS guidance. While Johnson Controls got off to a shaky start after spinning off its automotive seating business (Adient) and merging with Tyco (both in calendar 2016), its financial performance and management’s credibility with investors have gr...
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