Johnson Controls reports Q2 adjusted EPS 78c, consensus 75c

Reports Q2 revenue $6.7B, consensus $6.72B. Reports Q2 orders up 12%. “We are proud of the work underway at Johnson Controls as we delivered another successful quarter, underscored by accelerating sales growth and margin expansion,” said George Oliver, Chairman and CEO. “We made great progress this quarter in further strengthening our balance sheet. Our record backlog provides visibility into the remainder of the fiscal year and we remain confident in our ability to deliver on our financial and operational commitments as we continue our transformation into a comprehensive solutions provider for commercial buildings.”