Saturday, February 21, 2015

Johnson Controls Earnings Call

Johnson Controls (NYSE: JCI  ) delivered an impressive set of first-quarter results last week, and investors must be feeling pretty good about the company's prospects in 2015. Indeed, Wall Street consensus for EPS growth is 13.2% in 2015, followed by 14.1% in 2016, even while revenue is expected to decline slightly in the period. In a nutshell, the investment case for Johnson Controls is based on its ability to restructure the company and generate margin expansion. In this context, let's look at five key takeaways from the recent earnings call, and see how management intends to generate growth. Is there more upside to come?


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