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Business | October 13, 2011

Johnson Controls forecasts USD 44<em>bn</em> in sales in fiscal 2012

&quot;The company&apos;s long-term growth story is intact,&quot; said Stephen A. Roell, chairman and chief executive officer of Johnson Controls.
Highlights:

- Consolidated net sales of approximately $44.2 billion, up 9%

- Diluted earnings per share of $2.85 - $3.00, up approximately 20%

- ($0.09) negative impact on 2012 earnings associated with pension funding and advanced battery JV consolidation

- Sales and margin improvements in all three of its businesses: Automotive Experience, Power Solutions and Building Efficiency

- Increased levels of capital investment to support growth opportunities

&quot;The company&apos;s long-term growth story is intact,&quot; said Stephen A. Roell, chairman and chief executive officer of Johnson Controls. &quot;Our market strength, product technology, and global distribution make us uniquely positioned to take advantage of the global mega-trends of energy efficiency and sustainability, and growth in emerging markets. We are investing to drive above-market performance and extend our global leadership position over the long term.&quot;

Q4 2011 forecast

Johnson Controls said it expects to report 2011 fourth quarter revenues of approximately $10.7 billion and earnings of $0.75 per diluted share, excluding non-recurring items.

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