The Associated Press April 25, 2011, 9:38AM ET

Summary Box: Johnson Controls 2Q earnings jump

PROFITS JUMP: Johnson Controls Inc.'s fiscal second-quarter net income rose 29 percent to $354 million, or 51 cents per share. Revenue rose 22 percent to $10.1 billion.

ALL SEGMENTS UP: The company, which makes automotive batteries and interiors and building climate control systems, saw improvement in all three of its business segments. Auto parts revenues jumped 25 percent, battery revenue rose 19 percent and building climate control revenues rose 18 percent.

OUTLOOK: JCI's CEO predicted record revenue for the year, with revenue up $1 billion over previous guidance to $39.5 billion. But the company predicted a $500 million hit to third-quarter earnings because of auto production cuts from the Japan earthquake.

.


BW Mall - Sponsored Links

Buy a link now!