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International plc JCI reported adjusted third-quarter fiscal 2021 earnings per share of 83 cents, in line with the Zacks Consensus Estimate. This outperformance stemmed from the higher-than-expected contributions from the Building Solutions North America and Building Solutions Europe, Middle East, Africa/Latin America segments.The bottom line also rose 24% year over year. Johnson Controls reported fiscal third-quarter adjusted revenues of $6,344 million, up 19% year over year. The revenue figure, moreover, topped the Zacks Consensus Estimate of $6,240 million.Johnson Controls — which shares space with Allegion PLC ALLE, Lakeland Industries Inc. LAKE and Alarm.com Holdings, Inc. ALRM — currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Johnson Controls International plc Price, Consensus and EPS Surprise Johnson Controls International plc price-consensus-eps-surprise-chart | Johnson Controls International plc QuoteSegmental ResultsBuilding Solutions North America: This segment’s adjusted revenues came in at $2,212 million, up from the year-ago quarter’s $2,020 million on growth in HVAC & Controls and Fire & Security. The segment’s EBITA increased to $326 million from the $311 million reported in third-quarter fiscal 2020. The metric also topped the consensus mark of $320 million.Building Solutions Europe, Middle East, Africa/Latin America: Revenues in this segment came in at $962 million, up 27% year over year, on rebound in project installations. The metric also outpaced the consensus mark of $912 million. The segment’s EBITA jumped 66% year over year to $103 million on volume leverage and increased operational efficiency. The reported EBITDA also surpassed the consensus mark of $76 million.Building Solutions Asia Pacific: Revenues grew to $712 million from the year-ago quarter’s $588 million on higher project installations and services, driven by strong growth in Applied HVAC & Controls. The metric also exceeded the consensus mark of $678 million. However, the segment’s EBITA came in at $84 million, down from the third-quarter fiscal 2020 level of $92 million. This downside was due to the benefit of volume leverage and operational cost-reduction actions taken this year being more than offset by the cost-containment actions taken last year on account of the pandemic. The reported EBITDA also lagged the consensus mark of $96 million.Global Products: Revenues in this segment climbed to $2,458 million from the prior year’s $1,979 million, mainly on higher sales in commercial and residential HVAC and Fire & Security. This segment’s EBITA came in at $514 million, up 34% year over year, aided by operational efficiency, favorable product mix and higher sales. The metric, however, missed the Zacks Consensus Estimate of $552 million.Financial PositionJohnson Controls had cash and cash equivalents of $1,450 million as of Jun 30, 2021, down from $1,951 million on Sep 30, 2020. Long-term debt decreased to $7,318 million as of Jun 30, 2021 from $7,526 million as of Sep 30, 2020. Free cash flow for third-quarter fiscal 2021 came in at $735 million, slightly down from the $736 million recorded in the corresponding period of 2020.During the reported quarter, Johnson Controls bought back 5 million shares for $340 million. In the second quarter, the company completed the acquisition of Silent-Aire for $900 million, thus establishing itself a leader in the high growth hyperscale data-center vertical.GuidanceFor fourth-quarter fiscal 2021, Johnson Controls expects adjusted EPS in the range of 86-88 cents per share.For fiscal 2021, adjusted EPS is expected in the band of $2.64-2.66 a share versus the prior guided range of $2.58-2.65. The revised forecast suggests an 18-19% increase on a year-over-year basis. Organic revenues are expected to scale up in mid-single digits year over year.Zacks' Top Picks to Cash in on Artificial Intelligence In 2021, this world-changing technology is projected to generate $327.5 billion in revenue. Now Shark Tank star and billionaire investor Mark Cuban says AI will create "the world's first trillionaires." Zacks' urgent special report reveals 3 AI picks investors need to know about today.See 3 Artificial Intelligence Stocks With Extreme Upside Potential>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Johnson Controls International plc (JCI): Free Stock Analysis Report Allegion PLC (ALLE): Free Stock Analysis Report Lakeland Industries, Inc. (LAKE): Free Stock Analysis Report Alarm.com Holdings, Inc. (ALRM): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment ResearchWeiter zum vollständigen Artikel bei "Zacks"