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Home > Fortune 500 Companies > Johnson Controls
Johnson Controls
Johnson Controls is one of the traded companies having a good stock performance result. Johnson Controls is a fortune 500 stock listed company trading under JCI.
Johnson Controls, Inc. reported that it has earned a record 0.86 dollars per diluted share from continuing operations for the first quarter of fiscal 2006, an increase of 6 percent over the prior year’s 0.81 dollars. The fiscal 2006 earnings outlook provided by the company on October 11, 2005 remains unchanged. The company forecasts that its diluted earnings per share from continuing operations for 2006 will be in a range of 5.00 dollars to 5.15 dollars expected revenues of approximately 32 billion dollars.
The company expects that its financial position will remain strong, and anticipates that its ratio of total debt to total capitalization will decline to approximately 40 percent by the end of the fiscal year.
For the second quarter of 2006 the company anticipates sales of approximately 8 billion dollars, a 16 percent increase over the second quarter of 2005, and diluted earnings per share from continuing operations of 0.73 dollars to 0.75 dollars. Excluding the expected dilutive impact of the York acquisition in the second quarter of approximately 0.19 dollars per share, earnings per share are forecast to increase 8 to 11 percent, 0.92 dollars to 0.94 dollars, compared with 0.85 dollars the prior year.
Johnson Controls, Inc. has made forward-looking statements in this document pertaining to its financial results for fiscal 2006 that are based on preliminary data and are subject to risks and uncertainties.
For those statements, the company cautions that numerous important factors, such as automotive vehicle production levels and schedules, the ability to increase prices due to higher raw material costs, the strength of the U.S. or other economies, currency exchange rates, cancellation of commercial contracts, the successful integration of York, as well as those factors discussed in the Company’s Form 8-K filing and the risk factors as filed with the SEC January 9, 2006, 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.
The company’s 136,000 employees around the world are dedicated to customers’ success, which enables Johnson Controls to sustain profitable growth.
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