MiamiGent
12 years ago
JCI Johnson Controls Q1 misses; lowers 2012 forecast
PROVIDED BY Reuters - 7:18 AM 01/19/2012
Jan 19 (Reuters) - Auto-parts supplier Johnson Controls Inc (JCI) posted quarterly results below expectations, and cut its 2012 earnings forecast citing lower automotive production in Europe and weak aftermarket battery demand.
The U.S.-based company is also assuming an indefinite shutdown of its Shanghai battery plant even as talks with the Chinese government continue.
Johnson Controls (JCI) now expects 2012 profit of $2.70 to $2.85 a share, down from its earlier forecast of $2.85 to $3 a share.
Its first-quarter net income was $410 million, or 60 cents a share, up from $375 million, or 55 cents a share, a year ago.
Revenue rose 9 percent to $10.4 billion.
Analysts expected earnings of 62 cents a share on revenue of $10.52 billion, according to Thomson Reuters I/B/E/S. (Reporting by A. Ananthalakshmi in Bangalore; Editing by Maju Samuel)
Johnson Controls Q1 misses; lowers 2012 forecastPROVIDED BY Reuters - 7:18 AM 01/19/2012
Jan 19 (Reuters) - Auto-parts supplier Johnson Controls Inc (JCI) posted quarterly results below expectations, and cut its 2012 earnings forecast citing lower automotive production in Europe and weak aftermarket battery demand.
The U.S.-based company is also assuming an indefinite shutdown of its Shanghai battery plant even as talks with the Chinese government continue.
Johnson Controls (JCI) now expects 2012 profit of $2.70 to $2.85 a share, down from its earlier forecast of $2.85 to $3 a share.
Its first-quarter net income was $410 million, or 60 cents a share, up from $375 million, or 55 cents a share, a year ago.
Revenue rose 9 percent to $10.4 billion.
Analysts expected earnings of 62 cents a share on revenue of $10.52 billion, according to Thomson Reuters I/B/E/S.
(Reporting by A. Ananthalakshmi in Bangalore; Editing by Maju Samuel)
greasemoney
14 years ago
More Pros Dipping Into Battery Stocks
The budding electric vehicle segment has seen growing investor attention with the anticipated release of various plug-ins from major automakers, as well as the Q2 IPO of electric sports car maker Tesla Motors, Inc. (NASDAQ: TSLA - News). There are some lofty projections for plug-in proliferation over the next 20 years, and the development of battery technology will likely play an important role in the sector's ultimate success or failure. Warren Buffett put some Berkshire Hathaway (NYSE: BRK-A - News, BRK-B - News) capital to work in Hong Kong shares of Chinese battery and electric car player BYD Co (Pink Sheets: BYDDF - News) back in 2008, and recent second-quarter disclosures suggest that some other asset managers were entering the space as well.
At the end of the second quarter, more than half of the Energy Storage and Battery Technology Stocks Index's 19 components were in the top-15 U.S.-listed equity holdings of at least one 13F-filing asset manager.
Large-cap Johnson Controls (NYSE: JCI - News) took the top spot in Pro popularity at the end of Q2 with 16 Pros holding the stock near the top of their portfolios. Meanwhile, Energizer Holdings (NYSE: ENR - News) had 10 Pro holders by the same criteria, and EnerSys (NYSE: ENS - News), Polypore International (NYSE: PPO - News), and A123 Systems (NASDAQ: AONE - News) were also among favorites.
Investors can track the Energy Storage and Battery Technology Stocks Index for performance trends and suite of other metrics at tickerspy.com.
Fun and informative, tickerspy.com is a free investing website where you can track multiple stock portfolios and compare against 250 proprietary Indexes tracking themes from dividends to ETFs to green energy to precious metals. Best of all, tickerspy.com lets you spy on the portfolios of nearly 3,000 Wall Street institutions and hedge funds and see graphs of their performance. Try tickerspy.com today and find out how you stack up against investing legends like Warren Buffett!
http://finance.yahoo.com/news/More-Pros-Dipping-Into-indie-3822792649.html?x=0&.v=1
sumisu
15 years ago
Investment Index Benchmarks Affirm Johnson Controls' Financial and Sustainability Strengths
Thursday December 11, 10:20 am ET
Company included in 10 prestigious global and domestic KLD Indexes
http://biz.yahoo.com/prnews/081211/aqth056.html?.v=72
MILWAUKEE, Dec. 11 /PRNewswire/ -- Johnson Controls (NYSE: JCI - News) has again been named to 10 global and domestic indexes which provide investment managers with the criteria they need to make "buy" decisions, underscoring the company's success at strengthening its commitment to financial and sustainability performance.
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(Logo: http://www.newscom.com/cgi-bin/prnh/20081030/AQTH055ALOGO)
"Our inclusion in this suite of renowned indexes is a direct reflection of our ability to maintain and improve our corporate responsibility standards," said Charles A. Harvey, vice president, Diversity and Public Affairs, Johnson Controls. "It is our goal to continually provide the best stakeholder value possible while displaying leadership in our social and environmental initiatives worldwide."
Placement in the benchmark KLD indexes reflects the company's commitment to bolstering its performance, as well as providing investment managers with strategic criteria for their investment decisions. Globally, 31 of the top 50 institutional money managers use KLD's research to integrate environmental, social and governance factors into their investment decisions. Currently more than $10 billion is invested in vehicles based on KLD's Indexes.
The 10 indexes include the Domini 400 Social Index, a market capitalization-weighted common stock index, which monitors the performance of 400 U.S. corporations that pass multiple, broad-based social screens. The Global Climate 100 Index, which also named Johnson Controls, recognizes the top 100 companies from 15 countries that KLD expects will provide near-term solutions to global warming.
Johnson Controls has maintained inclusion on these two indexes since their inception in 2003 and 2005, respectively. The other eight indexes to which Johnson Controls was named include:
Domestic
-- KLD Catholic Values 400 Index (CV400) -- included since 2003
-- KLD Broad Market Social Index (BMSI) -- included since 2002
-- KLD Large Cap Social Index (LCSI) -- sub-index of the BMSI
-- KLD Large-Mid Cap Social Index (LMSI) -- sub-index of the BMSI
-- KLD Dividend Achievers Social Index (DASI) -- included since 2006 index
inception
-- KLD Select Social Index (SSI) -- included since 2004 index inception
Global
-- Global Sustainability Index (GSI) -- included since 2007 index
inception
-- North America Sustainability Index (NASI) -- included since 2007 index
inception
About Johnson Controls
Johnson Controls (NYSE: JCI - News) is the global leader that brings ingenuity to the places where people live, work and travel. By integrating technologies, products and services, we create smart environments that redefine the relationships between people and their surroundings. Our team of 140,000 employees creates a more comfortable, safe and sustainable world through our products and services for more than 200 million vehicles, 12 million homes and one million commercial buildings. Our commitment to sustainability drives our environmental stewardship, good corporate citizenship in our workplaces and communities, and the products and services we provide to customers. For additional information, please visit http://www.johnsoncontrols.com.
About KLD Indexes
KLD Indexes is a unit of KLD Research & Analytics, Inc., the leading provider of environmental, social and governance (ESG) research for institutional investors. KLD Indexes develops and licenses benchmark, strategy and custom indexes, which investment managers use to integrate ESG criteria into their investment decisions.
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Source: Johnson Controls
sumisu
15 years ago
Johnson Controls Announces Call for Creative Energy Projects Entries
Tuesday December 9, 5:57 pm ET
Student winners of national competition to visit energy policymakers in Washington, D.C.
http://biz.yahoo.com/prnews/081209/aqtu106a.html?.v=1
MILWAUKEE, Dec. 9 /PRNewswire/ -- Johnson Controls (NYSE: JCI - News), the global multi-industrial leader in energy efficiency and sustainability, has developed an innovative program to engage kindergarten through 12th grade students across North America in developing ways to make the environment more energy efficient.
(Logo: http://www.newscom.com/cgi-bin/prnh/20081030/AQTH055ALOGO)
"Students play an important role in using energy resources wisely, which reinforces our business of providing energy efficiency solutions for consumers and businesses," said C. David Myers, president, Building Efficiency, Johnson Controls. "Each year, we continue to be impressed by the enthusiasm and ingenuity students and teachers exhibit in demonstrating ways to preserve the environment and conserve energy."
This is the eighth year for the Igniting Creative Energy competition, which provides national winners with valuable educational experiences including the opportunity to meet national leaders and energy policymakers in Washington, D.C. The Challenge, a program developed and funded by Johnson Controls and the National Energy Foundation, is a competition that encourages students to learn more about energy and the environment.
According to Bob Poulson, president of the National Energy Foundation, "It's vital to instill in students the idea that they can creatively contribute to conserving natural resources. It results in improved leadership, character development and service to others, not to mention a better environment."
Student entries should demonstrate an understanding of what an individual, family or group can do in their home, school or community to conserve energy and help the environment. Students may choose to express their ideas in any creative format such as science projects, essays, stories, artwork, photographs, music, videos, web based applications, multimedia projects, etc. They may also submit recent service projects.
Contest Rules and Prizes
The Challenge is open to all students in grades K-12 in the U.S. and Canada, excluding Quebec. All entries are due by March 13, 2009; and winners will be announced April 17, 2009.
A total of four grand prizes will be awarded to three students and one teacher. Three students, one in each grade cluster, whose work best addresses the Challenge criteria, will receive a hosted trip to Washington, D.C. for themselves and a parent or legal guardian. Also, the teacher with the highest average score of student work from 15 or more qualifying entries will also receive a trip for two to Washington, D.C. for the same rewarding educational experience. While in Washington, D.C., students will share their winning Challenge entries with government and energy leaders during the 20th Annual Energy Efficiency Forum, June 15-16, at the National Press Club.
In addition to the national winners, the highest scoring student in each state or province will be recognized. Schools may also be eligible to receive a $1,000 U.S. charitable donation to help beautify their school, educate their students, or impact their community.
Official rules about the contest and a downloadable entry form can be found at the official Challenge Web site, http://www.ignitingcreativeenergy.org.
About Sponsors and Administrators
The Challenge is a partnership program developed by Johnson Controls and the National Energy Foundation. It is funded through an educational grant by Johnson Controls with additional support from the National Energy Foundation.
National Energy Foundation is a unique 501(c) (3) nonprofit organization dedicated to the development, dissemination, and implementation of supplementary educational materials, programs and courses that relate primarily to energy, water, natural resources, science and math, technology, conservation and the environment. These teaching resources recognize the importance and contribution of natural resources to our economy, to our national security, the environment and our quality of life.
Johnson Controls (NYSE: JCI - News) is the global leader that brings ingenuity to the places where people live, work and travel. By integrating technologies, products and services, we create smart environments that redefine the relationships between people and their surroundings. Our team of 140,000 employees creates a more comfortable, safe and sustainable world through our products and services for more than 200 million vehicles, 12 million homes and one million commercial buildings. For additional information, please visit http://www.johnsoncontrols.com.
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Source: Johnson Controls
sumisu
16 years ago
Johnson Controls profit rises 11 percent
The Business Journal of Milwaukee
Thursday, July 17, 2008 - 11:11 AM CDT
http://milwaukee.bizjournals.com/milwaukee/stories/2008/07/14/daily36.html?ana=yfcpc
Johnson Controls Inc. reported Thursday that net income for the fiscal third quarter increased 11 percent, backed by double-digit income growth in all three of its businesses.
The Glendale-based provider of facility management systems and automotive interiors and power products reported net income for the three months ended June 30 of $439 million, or 73 cents per share, compared with $396 million, or 66 cents per share, for the same period a year ago.
Net sales for the company increased to $10 billion from $8.9 billion.
Johnson Controls (NYSE: JCI) posted operating income growth in its building efficiency, automotive experience and power solutions businesses of 10 percent, 11 percent and 22 percent, respectively.
The firm said its building efficiency unit, which posted sales growth of 13 percent, is benefiting from higher energy prices as customers are looking for more efficient facility management systems. Automotive experience sales were up slightly, with sales growth in Europe and Asia offsetting the 15 percent decline in North American sales resulting from the sagging domestic automotive industry.
The power solutions segment saw sales rise 36 percent mainly because of higher unit prices resulting from an increase in the price of lead.
For the nine months ended June 30, net income increased to $963 million, or $1.60 per share, compared with $786 million, or $1.32 per share, the year before. Net sales increased to $28.8 billion from $25.6 billion.
The company is forecasting fourth-quarter earnings of 72 cents to 74 cents a share. That would be down from 78 cents per share a year ago. For the full year, earnings are expected to be between $2.32 and $2.34 a share, an increase of 10 to 11 percent compared with a year ago.
sumisu
16 years ago
Eco-Awareness Boosts Johnson Controls
Melanie Lindner, 01.18.08, 5:45 PM ET
http://tinyurl.com/4yjhnw
Rising environmental consciousness has helped drive business for eco-friendly builders like Johnson Controls.
Johnson Controls (nyse: JCI - news - people ), known for eco-friendly building and automotive interior products and services, said on Friday that its first-quarter profits jumped 45.0% on growth is all of its divisions. The Milwaukee-based company reported earnings of $235.0 million, or 39 cents per share, compared with $162.0 million, or 27 cents per share, in the first quarter of 2006.
Sales for the period ending Dec. 31 jumped to $9.48 billion, up 16.0% from $8.21 billion in the year ago quarter.
Johnson Controls beat the estimates of analyst polled by Thomson Financial, which predicted earnings of 37 cents per share on sales of $9.1 billion.
Johnson Controls operates through three businesses: building efficiency, which designs, produces and installs integrated heating, ventilation and air conditioning systems; automotive experience, which provides interior systems to more than 30.0 million vehicles each year; and power solutions, which produces lead-acid automotive batteries to original equipment manufacturers and the vehicle battery aftermarket.
In the first quarter, Johnson Controls experiences growth in all three of its businesses. Building efficiency sales jumped 11.0% to $3.2 billion, power solutions sales skyrocketed 55.0% to $1.7 billion and automotive experience sales reached $4.6 billion, up 11.0% from the first quarter of 2007.
According to Johnson Control's executives, the growth in the company's building efficiency sales is attributable to an increased global demand for energy efficient building and a rising concern for the reduction of greenhouse gas emissions.
Johnson Controls reiterated its full-year 2008 guidance, forecasting earnings in a range of $2.45 per share to $2.50 per share on sales of about $38.0 billion. Analysts polled by Thomson Financial are estimating Johnson Control's 2008 profit will reach $2.49 per share on sales of $38.1 billion.
For the second quarter, the company predicts earnings will reach a range of 47 cents to 48 cents per share. Analysts estimate Johnson Control's second-quarter earnings will be 46 cents per share.
Citigroup analyst Itay Michaeli views Johnson Controls as a "high-quality, well-diversified supplier" with a solid track record for growth. While the analyst noted that the company has a diverse customer and business mix that should support sustainable earnings momentum, Michaeli believes the shares are fairly valued versus operating expectations.
Despite its better-than-expected first-quarter results, Johnson Controls dipped 5.2%, or $1.75, to $32.01, in Friday trading amidst a down day on Wall Street.
sumisu
16 years ago
Johnson Controls In Control
Miriam Marcus, 04.17.08, 3:42 AM ET
http://tinyurl.com/5zm6rz
Record sales and income in the most recent quarter for Johnson Controls are helping to ease the minds of investors, who, with unprecedently high oil prices in mind, have been wary of putting their money into automotive- and construction-related companies.
On Wednesday, the building and automotive systems maker reported a 27% jump in profit for its second fiscal quarter, which ended March 31. The Milwaukee-based company’s three business segments--building efficiency, automotive interiors and power solutions--all logged sales increases, beating analysts’ expectations.
Shares of Johnson Controls (nyse: JCI - news - people ) rose $1.92, or 5.9%, to close at $34.55.
“We are executing on our growth strategies and improving our productivity and cost structure,” said Johnson Controls Chairman and Chief Executive Stephen A. Roell. “Our focus on delivering greater value by improving comfort, safety and sustainability and our increasing presence in growing international markets will enable us to achieve a record performance in 2008.”
Calyon Securities analyst Mark B. Warnsman had anticipated weakness in automotive production, which makes up 51.6% of Johnson Controls' business, softness in commercial building and increased costs owing to rising commodity prices, particularly of lead, a key ingredient for its battery business. Warnsman conceded that these concerns “proved to be baseless with regards to earnings in the quarter.”
Johnson Controls logged a profit of $289.0 million, or 48 cents per diluted share, on sales of $9.4 billion, up substantially from the year-earlier quarter, when it posted a profit of $228 million, or 38 cents per diluted share, on sales of $8.5 billion.
Profit from its building efficiency unit, which makes HVAC equipment, refrigeration and fire and security systems, increased 29.2% to $177.0 million on higher global volume and improved margins. The general slowdown in overall construction activity, a result of the mortgage meltdown, led to concerns that Johnson Controls’ commercial building business would soften, said Briggs-Ficks Securities analyst John Collopy. But Warnsman explained that just 25% of the company's building controls business is related to new construction. Of that, one-third is overseas, where growth is still strong, and the other two-thirds is related to “institutional type buildings” which, from his experience, will be less affected by macroeconomic conditions.
Automotive profit rose 28.1%, to $155 million, with cost cutting and improved pricing making up for a tepid 2% rise in sales. Sales in this segment were down 7% in North America, the company reported, but rose 9% in Europe and 8% in Asia. "Domestic sales are down but not unexpectedly given the general malaise here," Collopy said. Johnson Controls added that "its backlog of new business continued to increase in the second quarter as it received new interiors orders from Dacia, First Auto Works, Ford, General Motors, Kia, Nissan and Volkswagen."
Power solutions earnings jumped 30.1%, to $121 million, on operational efficiencies and improved performance of joint ventures in Asia. Collopy observed that because of Johnson Controls' pricing profile it can “pass through raw material cost increases.”
sumisu
16 years ago
Johnson Controls Releases Online Business and Sustainability Performance Metrics
Thursday April 17, 9:00 am ET
http://biz.yahoo.com/prnews/080417/aqth503.html?.v=5
MILWAUKEE, April 17 /PRNewswire/ -- Johnson Controls, a Fortune 100 company that creates smart environments for vehicles, homes and workplaces, today announced the release of its 2007 online sustainability report. Prepared using Global Reporting Initiative (GRI) standards, the online matrix provides stakeholders with a detailed review of the company's financial, environmental and social performance over the past year.
(Logo: http://www.newscom.com/cgi-bin/prnh/20070930/AQSU001LOGO)
The matrix complements the company's 2007 Business and Sustainability Report, which was released in January and is available in 24 languages. The online matrix uses GRI's new G3 reporting framework, which provides companies with a more uniform and transparent set of metrics to systematically report on sustainability initiatives and results.
The matrix offers readers a quick, easily accessible database of the company's achievements in 2007 across a wide range of topics. Highlights include:
-- Financial performance data detailing the company's 61st consecutive year of increased sales, 17th consecutive year of increased earnings and 32nd consecutive year of increased dividends;
-- New figures on the impact of the company's business activities on the environment and society; and
-- Details of the company's partnerships with organizations like the Clinton Climate Initiative, the Student Conservation Association and the UN Global Compact.
"Sustainability has recently emerged as a critical issue for every organization. However, Johnson Controls has been offering our customers more comfortable, safe and sustainable solutions for the past 123 years," said Chuck Harvey, vice president of Diversity and Public Affairs for Johnson Controls. "As the world's largest energy efficiency provider, we recognize that we should lead by example. We believe the new online GRI matrix helps demonstrate our current initiatives as well as our long-term commitment to sustainability."
In February, Institutional Investor Magazine cited Johnson Controls as America's Most Shareholder-Friendly Company in the category of consumer -- autos and auto parts for the second consecutive year. Johnson Controls was also recognized as one of the world's leading companies for sustainability by Sustainable Asset Management (SAM) and PricewaterhouseCoopers (PWC). The company's commitment to sustainability has earned it industry and community recognition around the world, and it is listed on the Dow Jones Sustainability World Index, the Domini 400 Social Index and the FTSE4Good U.S. Index.
To view the GRI matrix and to download the 2007 Business and Sustainability Report, please visit http://www.johnsoncontrols.com.
About Johnson Controls
Johnson Controls (NYSE: JCI - News) is the global leader that brings ingenuity to the places where people live, work and travel. By integrating technologies, products and services, we create smart environments that redefine the relationships between people and their surroundings. Our team of 140,000 employees creates a more comfortable, safe and sustainable world through our products and services for more than 200 million vehicles, 12 million homes and one million commercial buildings. Our commitment to sustainability drives our environmental stewardship, good corporate citizenship in our workplaces and communities, and the products and services we provide to customers. For additional information, please visit http://www.johnsoncontrols.com.
--------------------------------------------------------------------------------
Source: Johnson Controls
sumisu
16 years ago
Demand for efficient buildings lifts Johnson Controls profit
Wednesday April 16, 4:46 pm ET
By Emily Fredrix, AP Business Writer
http://biz.yahoo.com/ap/080416/earns_johnson_controls.html?.v=5
Demand for efficient buildings boosts Johnson Controls 2Q profit by 27 percent
MILWAUKEE (AP) -- Global demand for energy efficient buildings helped boost second-quarter profit 27 percent at Johnson Controls Inc., a maker of building and auto systems.
The news lifted shares of the Milwaukee-based company by as much as 9 percent during Wednesday trading. The stock closed at $34.52, up $1.89, or 5.8 percent.
Johnson Controls said Wednesday it earned $289 million, or 48 cents per share, in the quarter ending March 31, compared with $228 million, or 38 cents, in the same period a year earlier.
Quarterly sales rose 11 percent to $9.41 billion.
The results just beat expectations of analysts, who had expected earnings of 47 cents per share on revenue of $9.37 billion, according to a poll by Thomson Financial.
Building efficiency sales climbed 11 percent to $3.3 billion due to growing demand for such systems in nonresidential buildings, the company said. The systems improve energy efficiency and reduce greenhouse gas emissions. The backlog of uncompleted contracts at the end of March was up 15 percent from the previous year to $4.5 billion.
Power solutions sales, which includes batteries, leapt 47 percent to $1.5 billion in the quarter. The increase was mainly due to higher prices because of increased lead costs, the company said.
Sales of automotive interiors increased 2 percent to $4.6 billion, but the U.S. sector continued to slump. Sales in North America slipped 7 percent, while U.S. light vehicle production fell 8 percent. But in Europe, sales of interiors gained 9 percent, as light vehicle production edged up 1 percent. In Asia/Pacific, sales of automotive interiors advanced 8 percent.
The company maintained its expectations for third-quarter earnings of between 74 and 76 cents per share. But Johnson Controls increased by $1 billion its full-year sales forecast, to $39 billion.
Chairman and Chief Executive Stephen A. Roell said the company will be able to achieve its predicted growth.
"We are well positioned to achieve sustainable, profitable growth and are confident in our ability to achieve our financial targets," he said.
AP Business Writer Samantha Bomkamp in New York contributed to this report.
Johnson Controls: http://www.johnsoncontrols.com
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