Johnson Controls reports increase in first quarter sales

Special to The Freeman

Jan. 22, 2015

GLENDALE — Johnson Controls reported a strong start to fiscal 2015 Thursday with total net sales of $10.7 billion in the first quarter, an increase of 1 percent from $10.6 billion during the same period in 2014.

According to the global multi-industrial company, excluding the effect of currency translation, sales increased 5 percent. Net income from continuing operations attributable to Johnson Controls was $507 million, or $0.76 per diluted share, compared with $451 million, or $0.66 per share last year, according to the Thursday announcement.

“Profitability improved significantly in the quarter, as we benefitted from higher volumes and our continuing focus on execution improvements,” said Alex Molinaroli, Johnson Controls chairman and chief executive officer, in a statement. “The results in the quarter are better than the expectations we provided at our analyst day in December.”

Johnson Controls has approximately 170,000 employees who create quality products, services and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles; and interior systems for automobiles.

For additional information, go to www.johnsoncontrols.com.