Johnson Controls Reports Record Sales and Earnings for the Second Quarter of 2008; Confirms Full-Year 2008 Outlook for Record Results
Johnson Controls, Inc. (JCI) has reported record sales and income from continuing operations for the second quarter of fiscal 2008. Sales increased 11 percent reflecting growth in each of its businesses. Diluted earnings per share from continuing operations increased to 48 cents from 44 cents last year (adjusted for a 3-for-1 stock split effective October 2, 2007); excluding non-recurring tax benefits in the second quarter of fiscal 2007, diluted earnings per share from continuing operations increased 30 percent, from 37 cents. The reported earnings per share are at the top of the range forecast by the company in January. Each of the company’s businesses increased quarterly profits by more than 25 percent versus last year.
A recent study from BrandIntel, a provider of market intelligence, found that consumers care about green issues when they align with their own economic interests. When it relates to the automotive industry, BrandIntel’s study showed the majority of consumer discussion focused on fuel and fuel economy as well as alternative technologies, such as hybrid vehicles.
Fortune Ranks Johnson Controls Number-One for Third Consecutive Year
Johnson Controls has earned Fortune Magazine’s top ranking on its list of America’s Most Admired Companies. This is the third consecutive year Johnson Controls has received the award. Fortune Magazine’s America’s Most Admired Companies list is based on surveys conducted by the Hay Group, which asks more than 3,700 industry experts to pick 10 companies that excel in areas defined by a specific set of criteria. Johnson Controls placed first in the category of Motor Vehicle Parts.
Video Interview: Valeo Chairman and CEO Thierry Morin Comments on 2007 Results
Valeo, one of the world’s leading automobile suppliers, has reported a profit for the full-year 2007. In a recent video interview, Thierry Morin, chairman and CEO of Valeo, comments on the company’s earnings, strategy and outlook. During the interview, Morin addresses Valeo’s 2007 performance, and discusses the sustainability of current trends, the company’s acquisition strategy and more.
Akzo Nobel and DCR Intellectual Property Co. Announce Strategic Alliance
Akzo Nobel Car Refinishes has entered into a global strategic relationship with the newly formed DCR IP Company, LLC. This relationship has been structured to link the vision, strategies and practices of these two collision industry businesses.
Executive Interview with Chicago Pneumatic’s Jay Lewis
Today’s Executive Interview features Jay Lewis, GM Charlotte Operations & Chicago Pneumatic Vehicle Service Americas, for Chicago Pneumatic. In this role he provides strategic support for the growth and development of the Chicago Pneumatic Vehicle Service market in the Americas. A 23-year tool and compressor industry veteran, Lewis joined Chicago Pneumatic in 2002. Prior to joining the company, he held multiple sales and management positions in the tool and compressor industry. Lewis holds a bachelor of general studies degree in marketing from the University of Iowa.
Industry Downturn Nearing an End, Report Says
From Detroit Free Press DETROIT — The global automotive industry is nearing the end of a massive restructuring period and now will become more focused on growth, profits and environmentally friendly vehicles, according to the annual Auto Executive Survey by KPMG LLC, to be released Tuesday. This year’s survey, based on interviews late last year
Johnson Controls Sets Aggressive Greenhouse Gas Emissions Reduction Goal
Johnson Controls this week announced a pledged to reduce its total U.S. greenhouse gas (GHG) emissions intensity per dollar of revenue by 30 percent from 2002 to 2012. The company has committed to the reduction goal as part of the U.S. Environmental Protection Agency’s (EPA’s) Climate Leaders program, which Johnson Controls joined in 2003.
Johnson Controls Forecasts 18 Percent Earnings Growth for 2008
Johnson Controls, Inc. (JCI) forecasts diluted earnings per share from continuing operations for fiscal 2008 to increase by 18 percent, to $2.45 to $2.50. The company also said that it expects sales for 2008 to increase by 10 percent, to approximately $38 billion.
Johnson Controls Unveils New Image
Johnson Controls is rolling out a new logo, corporate slogan and advertising campaign designed to more effectively communicate its vision and better align its image and marketing efforts with the company’s current strategic direction.