MILWAUKEE -- Johnson Controls has reported record net sales and income in its fiscal 2011 fourth quarter.
 
Highlights for the company's fourth quarter of 2011 include:
 
* Net sales of $10.8 billion vs. $9 billion in Q4 2010, up 19 percent
* Income from business segments of $719 million compared with $604 million a year ago
* Net income of $538 million vs. $449 million in Q4 2010
* Diluted earnings per share of 78 cents vs. 66 cents last year
 
Excluding non-recurring items, results were:
 
* Income from business segments of $725 million compared with $586 million a year ago
* Net income of $514 million vs. $409 million in Q4 2010
* Diluted earnings per share of 75 cents vs. 60 cents last year, up 25 percent
 
"We are pleased to report another quarter of record sales and earnings. All of our businesses grew at a double-digit pace as they have throughout fiscal 2011. Across the company, we continued to gain significant market share in our industries as a result of our growth investments and unique strategic positioning," said Stephen Roell, Johnson Controls chairman and CEO.
 
Johnson Controls has affirmed the 2012 financial guidance it issued on Oct. 12. Johnson Controls anticipates a sales increase of 8 percent, to approximately $44.2 billion. The company said these 2012 expectations are the result of modestly higher global automotive production levels, growth across the businesses in emerging markets as well as market share gains. Earnings are forecast to increase to approximately $2.85 to $3 per diluted share. Sales, earnings and margin improvements are expected in all three of its businesses in 2012.
 
"We are optimistic as we begin fiscal 2012. We have good momentum resulting from the strong backlogs in our automotive and buildings businesses, our market leadership position in new battery technologies and continued growth opportunities in emerging geographic markets," said Roell. "Our long-term objective is to profitably grow faster than our underlying industries and we will make record levels of investment in 2012 to support that goal. We have the strategies and processes in place to improve our profitability. With the support of our customers and employees around the world, I am confident that 2012 will be another record year for Johnson Controls."