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Seci doesn’t give a chit about firefighters or they would be selling the technology. Jci is the ones saving lives
There is no theft case against jci. Lol. That is a lie
If $SECI was a scam the judge would not of ruled in there favor with the Summary Judgement. May 2020 will be here soon enough to determine how much $JCI and the many others owe $SECI in damages for 10+ years in illegal profits. I personally do not want $SECI to settle for mediation damages by February. I want them to go for Maximum damages to teach these Billionaires a lesson to not take what is not there’s. God willing $SECI wins many Billions for the theft of there Disruptor technology intended to save Firefighters lives by giving us Real Time GPS Tracking and VoIP Communications.
Rotflmao. Seci is a scam
$JCI mediation settlement deadline with the lawsuit with $SECI is February 7th 2020 otherwise trial will be in May of 2020. Potentially unknown Billions in damages.
Have you or anyone seen anything about what these guys are talking about?
How many Billions in damages will JCI have to pay for the theft of SECI disruptor technology that was intended to save Firefighters lives?
Hey guys, Just wanted to stop by and share some info with you. $JCI $SECI
https://www.sector10.com/copy-of-pr-10-21-19-1
More like 37s bud. Haha nice try
Johnson Controls International plc (NYSE:JCI) Plunges After Earnings, Know This Trade Level
Today, leading global diversified technology and multi industrial company, Johnson Controls International plc (NYSE:JCI), is declining lower by nearly 6.0 percent. The fall in JCI stock comes after the company reported earnings and guided FY18 below consensus. These days if a company's guidance is poor the stock will usually suffer.
JCI stock is now trading below its important 200 and 50-day moving averages. This puts the stock in a weak technical chart position. Often when a stock sells off with this pattern and volume it will signal further downside is in the cards before a bottom can be found. Traders should now watch the $34.50 area as the next major support level. This institutional support area is where the stock broke out in April 2016. Generally, when stocks test past breakout levels they will initially be supported by the institutional crowd.
Nicholas Santiago
InTheMoneyStocks
So, I see 35 and 43 in the future price of this company! ??But which will happen first? I ask the universe ???
Looks a bit rough and jumpy! Tried to surf her!????
200 day sma Danger Zone
Company purchased (and ruined) York HVAC Systems
COULD/Should soon go plunging down on thru its' 200 to its'
$40 dollar level which is clearly significant
.
.
$JCI Johnson Controls, Inc. Earnings out..43.80 +2.23 (+5.36%)
http://ih.advfn.com/p.php?pid=nmona&article=72858304
Maybe we can move now. The Tyco merger, cash payout, and spinoff had my head spinning trying to keep up dollar wise
As to were l am at with gains/losses.
Someone 179,349 share buy eod, nice ,ready to see $JCI reverse to +
Bought the rest of what I wanted 60shrs @44.37
JCI: SEC Admin Proceeding:
https://www.sec.gov/litigation/admin/2016/34-78287.pdf
TSLA/Panasonic looking to J.V. a new Li-ion battery factory in Western U.S. to build batteries for Tesla cars and for solar farms. Yet another challenge to the lead/acid dominance of stored energy.
The brutal cold snap should be a huge boost to battery business. Not so good for air conditioning sales, though!
bcap whats ..up come over hear..?
~ Monday! $JCI ~ Q2 Earnings alerted as posted, pending or coming soon! In Charts and Links Below!
~ $JCI ~ Earnings expected on Monday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.
http://stockcharts.com/h-sc/ui?s=JCI&p=D&b=3&g=0&id=p88783918276&a=237480049
http://stockcharts.com/h-sc/ui?s=JCI&p=W&b=3&g=0&id=p54550695994
~ Google Finance: http://www.google.com/finance?q=JCI
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=JCI#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=JCI+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=JCI
Finviz: http://finviz.com/quote.ashx?t=JCI
~ Marketwatch: http://www.marketwatch.com/investing/stock/JCI/insideractions
<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=JCI >>>>>>
http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916
*If the earnings date is in error please ignore error. I do my best.
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)
I feel this stock will skyrocket when the economy gets going again.
I will follow for great opportunities.
"The depressed demand for new construction isn't likely to improve until next year, led by the commercial sector: offices, retail and hotels."
NEW YORK, July 27 (Reuters) - An architects' trade group cut its 2011 U.S. construction forecast on Wednesday, citing tight credit conditions, government budget shortfalls and a depressed housing market.
imma heating & a/c corp co-owner, been pushing York & Guardian for 15-20 years....
where we at here....
i asked my disributor if i could get an option, but they sez its insider trading...
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
JCI ~ Should move up nice over the next 3 months!
The Strategy That Makes Sense Right Now
By Chuck Saletta
December 12, 2008
http://www.fool.com/investing/value/2008/12/12/the-strategy-that-makes-sense-right-now.aspx
Car industry presents big test for Obama
Investors mull fate of auto industry under new administration
By Shawn Langlois, MarketWatch
Last update: 11:17 p.m. EST Dec. 11, 2008
http://www.marketwatch.com/news/story/industry-investors-focus-obamas-approach/story.aspx?guid=%7B7974C305%2D85CB%2D46C5%2D818E%2D115E6CB97
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.
ADVERTISEMENT
(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.
--------------------------------------------------------------------------------
Source: Johnson Controls
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.
--------------------------------------------------------------------------------
Source: Johnson Controls
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.
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.
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.”
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
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
I read the 3rd quarter reports this morning and figured "okay, a little less rosy, but still a highly profitable, diverse company". I then watched it drop over 10 bucks a share.
So, I read through all the releases today. Am I missing something or was it just a huge panic?
hmmmm....sold my shares 1/16 so I can pay closing costs on my house and today they announce they exceeded the Street's earnings projections and it pops up over $2/share.
Arrrrggg!!!!
I'll be back..........
:^D
That's my super secret code name! LOL!
Appropriate, eh?
hehehehe
seriosly though...not a clue
:^D
post#1 - who the heck is "Fu"
LOL
FM
Wednesday August 16, 6:12 pm Eastern Time
Press Release
SOURCE: Johnson Controls
Johnson Controls Selected By Industry Week Magazine as One of the World's 100 Best-Managed Companies
MILWAUKEE, Aug. 16 /PRNewswire/ -- Johnson Controls (NYSE: JCI - news) has been selected for the fifth annual list of Industry Week 100 Best-Managed Companies, published by ``Industry Week'' magazine.
Johnson Controls is one of only 36 companies that have appeared on the 100 Best Managed Companies list for all five years.
Candidates for the 100 Best-Managed Companies list were culled from the Industry Week 1000, a list of the world's largest publicly held manufacturing companies based on revenues.
Johnson Controls was selected after an evaluation of financial performance and company's practices in areas such as philanthropy and safety, and voting by a panel of more than 90 business leaders, analysts, and academicians.
``We're pleased to be named once again to the Industry Week 100 Best Managed Companies list, which validates our focus on ensuring customer satisfaction as a key factor to continued success,'' said James H. Keyes, chairman and chief executive officer of Johnson Controls.
``Industry Week's 100 Best-Managed Companies are the world's leaders in innovative management strategies,'' says John Brandt, publisher and editor-in-chief of IW. ``Their emphasis on long-term growth makes them models for every corporation.''
Johnson Controls, Inc. is a global market leader in automotive systems and facility management and control. In the automotive market, it is a major supplier of seating and interior systems, and batteries. For non-residential facilities, Johnson Controls provides building control systems and services, energy management and integrated facility management. Johnson Controls, founded in 1885, has headquarters in Milwaukee, Wis. Its sales for 1999 totaled US$16 billion.
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August 14, 2000
JOHNSON CONTROLS INC (JCI)
Quarterly Report (SEC form 10-Q)
MANAGEMENT'S DISCUSSION AND ANALYSIS OF
FINANCIAL CONDITION AND RESULTS OF OPERATIONS
Comparison of Operating Results for the Three-Month Periods ended June 30, 2000 and June 30, 1999
Third quarter consolidated net sales of $4.4 billion increased 5% from the prior year quarter's $4.2 billion. The effect of currency translation, primarily associated with the euro, reduced consolidated net sales by 3%, or $125 million.
Automotive Systems Group sales for the third quarter increased to $3.3 billion, 3% above the prior year's $3.2 billion. Sales of automotive seating systems, interior systems and batteries in North America represented approximately two-thirds of the segment's sales increase. Seating and interior systems sales in North America were higher, in line with the quarter's 3% to 4% increase in the industry vehicle production level. Increased volume attributable to the segment's content on many fast-selling light trucks and passenger cars was partially offset in the quarter by lower production levels for certain programs and the timing of new product launches. Sales of automotive batteries rose, due to higher unit shipments primarily to aftermarket customers. Automotive seating and interior systems sales in Europe were level with the prior year, as sales growth of approximately 13% in local currency was negated by the effect of currency translation.
Controls Group sales reached $1.1 billion for the current quarter, a 10% increase compared with the prior period's $1.0 billion. The period's increase was attributable to activity in the segment's North American and Asian markets. Sales in North America increased 16% compared with the prior year period, with the region benefiting from significant new and expanded integrated facility management contracts and increased installed control systems contracts in both the new construction and existing buildings markets. Sales of facility management services and control systems in Asia increased 15%, reflecting the segment's expanded position in the Japanese non-residential buildings market. European sales declined, primarily due to unfavorable exchange rates. Current quarter orders for installed control systems exceeded the prior year, due principally to growth in North America and Asia.
Consolidated operating income for the third quarter of fiscal 2000 rose to $267 million, up 12% from the prior year's $239 million. The Company's two operating segments each provided strong contributions to the quarter's growth.
Operating income for the Automotive Systems Group increased 10% to $220 million compared with the prior year's $199 million. Operating margins increased in all of the segment's primary geographic markets. The margin growth reflects the segment's ongoing quality improvement and cost reduction efforts. North American operating income was higher, with increased volume and gross margins partially offset by additional engineering costs for new programs and proprietary research and development. European operations contributed significantly to the quarter's increase, despite the negative effect of currency translation, as reduced start-up costs and maturing programs resulted in lower selling, general and administrative (SG&A) expenses, as a percentage of sales. In other markets, operating losses associated with seating programs in South America declined notably in the quarter, while losses in emerging Asian markets increased as the Company establishes its technological presence in that region.
Controls Group operating income for the quarter was $47 million, rising 18% from the prior year's $40 million. The segment's increase in operating income was attributable to growth in both its facility management and installed control systems operations. The segment's strong earnings growth reflects increased sales volume and higher gross margins. Margin enhancement has resulted from the segment's investments in automated tools and training to improve contract execution and efficiency, including project estimation, management and installation.
Net interest expense of $25 million for the quarter decreased 14% from the prior year's $30 million. Interest expense has declined over the past year and one-half, as the Company has used its strong operating cash flows and the proceeds from prior year divestitures of non-core businesses (see discussion that follows) to reduce debt.
The effective income tax rate was 39.6% for the current quarter compared with 40.5% for the comparable period last year. The effective rate declined due principally to a reduction of taxes imposed on foreign earnings.
The Company's net income for the third quarter of fiscal 2000 rose 20% to $133 million compared with the prior year's $111 million. The increase was attributable to operating income growth, reduced interest expense and a lower effective income tax rate. Earnings per share increased to $1.45 per diluted share, up from $1.19 in the prior year. Current quarter earnings rose despite the effect of currency translation, which reduced earnings by $.04 per diluted share.
Comparison of Operating Results for the Nine-Month periods ended June 30, 2000 and June 30, 1999
Consolidated net sales increased to $13.1 billion for the nine months ended June 30, 2000, 9% higher than the prior year's sales of $11.9 billion. The effect of currency translation, primarily associated with the euro, reduced the current period's consolidated net sales by 3%, or $360 million.
Automotive Systems Group sales rose to $9.8 billion for the first nine months of the current fiscal year, a 9% increase from the prior year's $9.0 billion. Strong demand in North America for automotive seating systems, interior systems and batteries propelled the segment's growth, with approximately three-quarters of the increase due to the North American market. Seating and interior systems in both North America and Europe (before the negative effect of currency translation) achieved double-digit sales growth, exceeding the more modest vehicle production levels in those markets. Sales of automotive batteries were higher, with unit shipments increasing by over 10% compared with last year. The increase reflects growth from existing customers as well as last year's new contract with Sears, Roebuck & Co. to supply all of its automotive batteries, which reached full production levels in the third quarter of fiscal 1999.
Controls Group sales for the first nine months of fiscal 2000 totaled $3.2 billion, up 11% from the prior period's $2.9 billion. The current fiscal year's increase was attributable to activity in the segment's North American and Asian markets. New and expanded integrated facility management and installed control systems contracts in North America increased sales by 14% compared with the prior year. Sales in Asia were 33% higher than last year, reflecting the segment's expanded position in the Japanese non-residential buildings market. Sales of facility management services and control systems in Europe declined, primarily due to unfavorable exchange rates. Orders for installed control systems in the period exceeded the prior year, due to growth in North America.
Consolidated sales growth is expected to continue during the final quarter of the fiscal year. Automotive Systems Group sales for the fourth quarter are projected to be comparable with the prior year period's sales. Segment sales should reflect continued weakness in the euro and a level North American industry vehicle production build compared with last year's record volume. The Controls Group is expected to achieve a strong single-digit increase in sales for the final quarter of the fiscal year compared with the prior year period. The fourth quarter year-over-year comparison will be affected by last year's addition of its facilities management operations in Japan, which began recording significant sales in the prior year's final quarter, and by the uncommonly strong sales level attributable to domestic control systems and services in the prior year.
Consolidated operating income rose 16% to $674 million for the first nine months of fiscal 2000, increasing from the prior year's $582 million. Both of the Company's operating segments achieved double-digit growth compared with the prior fiscal year.
Automotive Systems Group operating income of $545 million was 15% higher than the prior year's $473 million. Segment operating margin also increased compared to the prior year, reflecting ongoing quality improvement and cost reduction efforts. The segment achieved operating income growth in all of its primary geographic markets, led by increased volume of seating systems, interior systems and batteries and higher gross margins in North America. Operating income in Europe increased despite the negative effect of currency translation, as reduced start-up costs and maturing programs resulted in lower SG&A expenses, as a percentage of sales. In the segment's other global markets, losses in South America declined, while operating losses in emerging markets in Asia increased as the Company establishes its technological presence in that region.
Operating income for the Controls Group for the current period rose to $129 million, up 19% from the prior year's $109 million. Operating income and margins associated with both facility management and installed control systems contracts increased over the prior year period. The growth was due to increased volume and higher gross margins. Margin enhancement has resulted from the segment's investments in automated tools and training to improve contract execution and efficiency, including project estimation, management and installation.
Net interest expense fell by $20 million, or 19%, compared to the prior year. The decline reflects the Company's use of its strong operating cash flows and the proceeds from prior year divestitures of non-core businesses to reduce debt.
Fiscal 1999's gain on sale of businesses primarily resulted from the sale of the Automotive Systems Group's Industrial Battery Division for approximately $135 million on March 1, 1999. The Industrial Battery Division had sales of approximately $87 million for the fiscal year ended September 30, 1998. The Company also recorded a loss related to the disposal of a small Controls Group operation in the United Kingdom. The net gain on these transactions was $54.6 million ($32.5 million or $.38 per basic share and $.35 per diluted share, after-tax).
The effective income tax rate was 39.6% for the nine-month period ended June 30, 2000 compared with 40.5% for the comparable period last year. The effective rate declined due principally to a reduction of taxes imposed on foreign earnings.
Minority interests in net earnings of subsidiaries were $35 million for the current year-to-date period, compared with $26 million in the prior year. Approximately two-thirds of the increase was attributable to higher earnings from affiliates in the Japanese non-residential buildings market. The automotive segment also recorded increased earnings from its domestic subsidiaries.
Net income for the first nine months of fiscal 2000 reached $321 million, 25% higher than the prior year's $257 million (before the prior year gain on sale of businesses of $32.5 million, after-tax). Current year net income growth was due to increased operating income, reduced interest expense and a lower effective income tax rate. On a diluted basis, earnings per share for the current fiscal year were $3.46, rising from $2.75 in the prior year (before the prior year gain on sale of businesses of $.35 per diluted share, after-tax). Current year earnings per share rose despite the effect of currency translation, which reduced earnings by $.09 per diluted share.
Comparison of Financial Condition
Working Capital and Cash Flow
Working capital at June 30, 2000 was a negative $193 million, compared with a negative $418 million at fiscal year-end and a negative $413 million at June 30, 1999. The increase in working capital compared with the prior year periods principally reflects the ongoing reduction of short-term debt. Working capital, excluding cash and debt, of a negative $168 million was lower than the comparable prior year period, with the decrease primarily associated with higher accounts payable.
The Company's operating activities provided cash of $659 million during the first nine months of the year compared to $857 million in the prior year period. Working capital changes, primarily accounts payable, partially offset by the adjustment for the gain on sale of businesses recorded in the prior year period, account for the difference in cash provided between periods.
Capital Expenditures and Other Investments
Capital expenditures for property, plant and equipment of $383 million for the nine months ended June 30, 2000 increased from last year's capital spending of $330 million. The Company expects capital expenditures for the full year to approximate $525 to $550 million. The majority of the spending is expected to be associated with automotive seating and interior systems expansion, as well as battery manufacturing automation projects. Controls Group spending will be focused on information and building systems technology.
The Controls Group acquired two relatively small businesses during the second quarter of fiscal 2000 to complement its facilities management and control systems operations. The Company also completed several acquisitions in the prior year. Notable among the prior year acquisitions was the purchase of Cardkey Systems, a worldwide security management systems provider, in the first quarter of fiscal 1999.
In July 1998, the Company acquired Becker Group, a major supplier of automotive interior systems. At the date of acquisition, the Company identified three businesses of Becker Group that were outside of its core operations and, as such, were classified as net assets held for sale. The Company completed the sale of these businesses for approximately $212 million during fiscal 1999 and used the after-tax proceeds to reduce debt.
The Company completed the sale of the Automotive Systems Group's Industrial Battery Division for approximately $135 million in March 1999 and used the after-tax proceeds to reduce debt. Additionally, in May 2000, the Company received the deferred portion of proceeds from the fiscal 1997 sale of its Plastic Container Division, and used the $75 million proceeds to reduce debt.
Capitalization
The Company's total capitalization of $3.9 billion at June 30, 2000 was comprised of short-term debt of $.2 billion, long-term debt (including the current portion) of $1.3 billion and shareholders' equity of $2.4 billion. Capitalization at September 30, 1999 and June 30, 1999 was $4.1 billion and $4.0 billion, respectively. Total debt as a percentage of total capitalization at June 30, 2000 declined to 38%, a significant decrease from the 45% level at fiscal year-end and one year ago. The decline in the debt-to-capitalization ratio reflects the Company's use of its strong cash flows from operations to reduce debt.
The Company believes its capital resources and liquidity position at June 30, 2000 are adequate to meet projected needs. Requirements for working capital, capital expenditures, dividends and debt maturities in fiscal 2000 will continue to be funded from operations, supplemented by short-term borrowings, if required.
Restructuring Activities
As part of the Becker Group acquisition, the Company recorded a restructuring reserve of $48 million. The reserve was established for anticipated costs associated with consolidating certain of Becker Group's European and domestic manufacturing, engineering and administrative operations with existing capacity of the Company. The majority of the reserve was attributable to expected employee severance and termination benefit costs and plant closure costs. Through June 30, 2000, approximately $18 million of employee severance and termination costs associated with the consolidation of European and domestic operations were incurred. In addition, $9 million of reserves were reversed during fiscal 1999, with corresponding reductions of goodwill and prepaid taxes. Accordingly, the reserve balance at June 30, 2000 totaled approximately $21 million. The majority of the restructuring activities are expected to be completed by the end of fiscal 2000.
Backlog
The Company's backlog relates to the Controls Group's installed control systems operations, which derive a significant portion of revenue from long- term contracts that are accounted for using the percentage-of-completion method. At June 30, 2000, the unearned backlog of installed control systems contracts (excluding integrated facility management) to be executed within the next year was $1.26 billion, compared with $1.11 billion at June 30, 1999. The $150 million year-over-year increase is primarily attributable to new order growth in North America, both in the new construction and existing buildings markets.
Pending Acquisition
On July 9, 2000, the Company announced its friendly tender offer for 100% of the outstanding shares of Ikeda Bussan Co. Ltd. (Ikeda), a Japan-based manufacturer of automotive seating. Ikeda is the primary supplier of seating to the Nissan group and had consolidated net sales in 1999 of approximately $1.2 billion. The Company will pay approximately $1.12 per share to acquire Ikeda and, based on its offer for 100% of the outstanding shares, the Company expects to pay approximately $100 million, plus the assumption of approximately $85 million of debt. Ikeda has welcomed the offer and two of Ikeda's primary shareholders, with holdings in excess of 50% of Ikeda's shares, have stated that they will tender their shares. The acquisition is expected to be completed in September 2000 and will be accounted for as a purchase. The acquisition is anticipated to be financed with yen-denominated debt.
Future Accounting Changes
In June 1998, the Financial Accounting Standards Board issued SFAS No. 133, "Accounting for Derivative Instruments and Hedging Activities." See Note 12 to the consolidated financial statements for a description of this statement.
Other Matters
Euro Conversion
On January 1, 1999, member countries of the European Monetary Union (EMU) began a three-year transition from their national currencies to a new common currency, the euro. In the first phase, the permanent rates of exchange between the members' national currency and the euro were established and monetary, capital, foreign exchange, and interbank markets were converted to the euro. National currencies will continue to exist as legal tender and may continue to be used in commercial transactions. By January 2002, euro currency will be issued and by July 2002, the respective national currencies will be withdrawn. The Company has significant operations in member countries of the EMU and its action plans are being implemented to address the euro's impact on information systems, currency exchange rate risk and commercial contracts. Costs of the euro conversion to date have not been material and management believes that future conversion costs will not have a material impact on the operations, cash flows or financial condition of the Company.
Cautionary Statements for Forward Looking Information
The Company has made forward-looking statements in this document that are subject to risks and uncertainties. Forward-looking statements include information concerning possible or assumed future risks preceded by, following or that include the words "believes," "expects," "anticipates" or similar expressions. For those statements, the Company cautions that the numerous important factors discussed elsewhere in this document and in the Company's Form 8-K filing (dated October 11, 1999), could affect the Company's actual results and could cause its actual consolidated results to differ materially from those expressed in any forward-looking statement made by, or on behalf of, the Company.
Quantitative and Qualitative Disclosures About Market Risk
For the period ended June 30, 2000, the Company did not experience any adverse changes in market risk exposures that materially affect the quantitative and qualitative disclosures presented in the Company's Annual Report to Shareholders for the year ended September 30, 1999.
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