GLENDALE – Johnson Controls Inc.
on Wednesday said net income in its fiscal second quarter
was $261 million, or 39 cents a share, up from $164 million,
or 24 cents a share.
Total sales were $10.5 billion, up from $10.1 billion, which
the company attributed in part to a gain in sales of
automotive seats and interior products. Those sales helped
offset declines in the building efficiency and air
conditioners business and flat sales in the company’s
automotive battery business, the company said.
“While the economic environment continues to challenge top
line growth in some of our businesses, I am pleased with the
profitability improvements in all businesses" said Alex
Molinaroli, Johnson Controls chairman and chief executive
officer. “These results are consistent with the expectations
we disclosed during our first quarter earnings call.”
According to Johnson Controls, the company is targeting
earnings from continuing operations this year to be $3.10 to
$3.15 per share, and 81 to 84 cents in the third quarter.
Glendale-based Johnson Controls is a global diversified
technology and industrial company and serves customers in
more than 150 countries.