Fiscal 2016 forecast expects records profits
In a presentation to financial analysts in New York City on Dec. 1, 2015, the company discussed its fiscal 2016 forecast . Highlighted expectations, excluding separation/transaction/integration costs and non-recurring items, include:
- Consolidated net sales of approximately $38.6 billion, an approximate 4 percent increase vs. 2015
- Year-on-year segment income improvement of approximately 12 percent
- Diluted earnings per share of approximately $3.70 to $3.90, up 8 to 14 percent vs. the prior year
- Approximately 10 percent organic sales increases in both Building Efficiency and Power Solutions
"We expect higher revenues and record profitability in fiscal 2016 as we manage through the significant work required to split into two world-class companies after the end of this fiscal year," said Alex Molinaroli, chairman and CEO of Johnson Controls. "We believe our strategic and operating plans will continue to drive strong performance in all of our businesses as we firmly position both new companies for growth."
The company's news release contained details about its forecast for fiscal 2016.