Johnson Controls Forecasts Gains In Sales And Earnings In Fiscal 2013 - aftermarketNews

Johnson Controls Forecasts Gains In Sales And Earnings In Fiscal 2013

From a market perspective, Johnson Controls said that compared with 2012 markets, it expects slightly higher 2013 automotive production in North America and China with lower production in Europe.

MILWAUKEE – Johnson Controls said this week it expects to post higher sales and earnings in fiscal 2013, despite a challenging economic environment.
 
The company presented its fiscal 2013 forecast to financial analysts yesterday in New York. From a market perspective, Johnson Controls said that compared with 2012 markets, it expects slightly higher 2013 automotive production in North America and China with lower production in Europe. Global non-residential construction spending is forecast to be relatively flat in 2013 as strength in emerging markets, especially Asia, offsets anticipated softness in North America and Europe. The company said it believes it is positioned to grow faster than its underlying markets with improved profitability over the long-term.
 
"While we recognize the challenges of the near-term global economy, we believe our unique strengths will enable Johnson Controls to outperform our underlying markets," said Stephen Roell, chairman and CEO of Johnson Controls. "We have added management capacity and depth with talent from outside JCI to further leverage of our competitive advantages. The company continues to benefit from growth opportunities stemming from our investments in technology and global expansion. We remain committed to investing for future growth and profit improvement and are confident that our 2013 strategies and improvement initiatives position us to improve shareholder value over the long-term."
 
The company said its automotive seating 2013 sales are forecast to gain approximately 2 percent, reflecting higher production volumes in North America, partially offset by the lower production environment in Europe. Segment margins are expected to be approximately 4.2 to 4.4 percent in 2013 as the negative impact of lower European production offsets improvements in operational efficiency and the benefits from recent cost reduction initiatives.
 
Automotive electronics and interiors 2013 sales are projected to increase approximately 2 percent, reflecting higher volumes in Asia, partially offset by lower electronics sales in Europe. Operating leverage and operational improvements, offset by investment in electronics product development are forecast to result in margins of approximately 1.9 to 2.1 percent in 2013.
 
The combined automotive backlog for 2013 to 2015 is $3.7 billion, approximately level with the 2012 to 2014 period due to a lower assumed auto production rate in Europe.
 
Power Solutions 2013 sales are estimated to increase approximately 10 to 12 percent due to higher battery volumes across all regions and channels, led by higher production in China, market share growth and increasing market demand for AGM batteries, which are used in start-stop vehicles. Segment margins are expected to be approximately 14.6 to 14.8 percent in 2013 led by operating leverage, an improved product mix and continued operational improvements, offset by lead recoveries, the company said.
 
Johnson Controls added that it expects to make capital investments of $1.4 billion in 2013 vs. $1.8 billion in 2012. Approximately 80 percent of the company’s capital expenditures in 2013 are associated with growth and margin expansion opportunities. The higher capital expenditures focus on increased manufacturing capacity for AGM batteries and on expansion in emerging markets. The increased investments also will support a higher level of automotive experience new business launches in 2013.
 
 

You May Also Like

Dayton Parts Offers New Aftermarket Products

A new DPF differential pressure sensor, engine oil dipsticks and fuel injector wiring harnesses designed to match OEM spec.

Dayton-parts-releases-2-sensor-dipstick-harnesses-1400

Dayton Parts is introducing several new parts, including a DPF differential pressure sensor, fuel injector wiring harnesses along with engine oil dipstick and tube assemblies. Dayton’s new DPF differential pressure sensor (p/n 904-7001) fits various Hino truck models, including 238, 258, 268, 198, 358 and 195, from model year 2008 to 2020. It’s designed to replace the sensor with the OE number S893901090. The company says the sensor accurately measures pressure inside the DPF to help determine when regeneration cycles are required.

Hunter Engineering Releases Alignment Coverage for Hundreds of Vehicles

The release covers brand-new records – those not yet in existence at the time of the previous release – as well as updates to existing records, covering OEM changes to existing vehicles, the company said.

Hunter Engineering Releases Alignment Coverage for Hundreds of Vehicles
FCS Introduces 42 New Numbers in May

Complete strut assemblies, shock absorbers, shock absorber assembly kits and suspension struts for some of the most popular VIO applications are included in the release, FCS said.

FCS Introduces 42 New Numbers in May
USMW Releases New Fuel Pump Module Assembly

US Motor Works released Part No. USEP9214M, for several BMW applications.

USMW-Releases-New-Fuel-Pump-Module-Assembly
MEYLE Expands Electronics, Sensor Product Portfolio

The focus is on assistance systems and engine and transmission management, with more than 300 new part numbers, as well as the expansion of its product lineup for EVs.

MEYLE Expands Electronics and Sensor Portfolio by Over 300 References

Other Posts

Dana, Fox Factory Collaborate on Chevrolet Silverado Truck Build

Dana 60 semi-float rear axles will be featured on the limited-edition Chevrolet Silverado Fox Factory Edition truck.

Dana, Fox Factory Collaborate on Chevrolet Silverado Truck Build
Standard Motor Products Expands Cam and Crank Sensor Program

The Standard and Blue Streak Camshaft and Crankshaft Position Sensor program features nearly 1,000 SKUs covering more than 250 million vehicles, SMP said.

Standard-Motor-Products-Expands-Cam-and-Crank-Sensor-Program
DMA Adds New BrakeMaster Coverage

New coverage for Ford and Chevy includes popular pickup trucks and SUVs.

Brakemaster
GSP Releases New CV Axle Part Numbers

GSP said 14 new CV axle part numbers are in stock and ready to ship.

GSP