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Web Address of Johnson Controls: Related Topics: Supplier Groups
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Companies : Johnson Controls Inc.
Johnson Controls 2004
Sales up 17%, EPS Up 18% to $4.24; MILWAUKEE, WISCONSIN, October 26, 2004 … Johnson Controls, Inc. (JCI) today reported record sales and earnings for the fourth quarter and full year of 2004. The results qualify 2004 as the company’s 58th consecutive year of sales increases and the 14th straight year of increased earnings. Full-Year Results Sales totaled $26.6 billion, 17% higher than the $22.6 billion for the year ended September 30, 2003. The growth in revenues reflects a 20% increase in Automotive Group sales of seating, interiors and batteries, and a 9% increase in sales by the Controls Group. Operating income increased 12%, reaching $1.3 billion compared with the prior year's $1.2 billion. Net income for fiscal 2004 was $818 million, up 20% from $683 million. The net income increase was aided by higher equity income and a lower effective tax rate. Diluted earnings per share for 2004 were 18% higher, reaching $4.24 compared with $3.60 for the prior year.
DETROIT, MICHIGAN, U.S.A. (January 9, 2005) – Engineers and designers at Johnson Controls (NYSE: JCI), a leading global supplier of vehicle interiors and batteries, have created a vision of the future evolution in automotive seating. The Genus Concept Seat – a prototype that reflects this vision and offers leading-edge features and technologies – is on display this week at Detroit's Cobo Center. It's among the dozens of innovations highlighted in the Johnson Controls product and technology exhibit (room D2-15) at the 2005 North American International Auto Show. "We have gathered industry and consumer input, and this seat reflects our findings," said Bill Fluharty, vice president of industrial design and new product strategy for Johnson Controls. "The Genus Concept Seat challenges our customers and ourselves, and shows that tomorrow's seat systems from Johnson Controls can establish a whole new set of benchmarks for value, innovation, comfort and brand differentiation." At 2005 North American International Auto Show, Johnson Controls Unveils Advanced Battery Solution for Hybrid-Electric Vehicles Nickel-metal-hydride battery with best-in-class, prismatic design reflects firm's capabilities for serving growing HEV segment DETROIT, Jan. 11, 2005 - When it comes to providing outstanding power-storage solutions for hybrid-electric vehicles (HEVs), Johnson Controls has the technology, products and manufacturing resources to get the job done. Reflecting this theme, the company is unveiling a model of its latest battery technology at the 2005 North American International Auto Show (NAIAS) in Detroit -- a prismatic, nickel-metal-hydride (NiMH) battery that delivers best-in-class power performance as well as excellent system-packaging efficiency. The 7.2-volt, 7.0 Ah (ampere-hour) module targets current and future generation HEVs requiring high-performance, efficiently packaged prismatic batteries. Johnson Controls Announces Agreement to Sell its World Services Subsidiary MILWAUKEE, WISCONSIN (February 11, 2005) Johnson Controls, Inc. (JCI), today announced an agreement to sell its Johnson Controls World Services Inc. (JCWS), subsidiary to IAP Worldwide Services, Inc. based in Irmo, South Carolina. JCWS, which has its headquarters in Cape Canaveral, Florida, provides the U.S. government with base operations and contingency support, logistics and workforce management and temporary personnel services. IAP will pay approximately $260 million in cash for JCWS, subject to normal adjustments. JCWS had sales of approximately $770 million in fiscal 2004. The parties expect to complete the transaction in the next few weeks. IAP is an experienced logistics and procurement contractor serving the United States Department of Defense, government agencies and international project management organizations. IAP is majority owned by Cerberus Capital Management; Headquartered in New York, Cerberus Capital Management, L.P. is a private investment firm managing approximately $15 billion in capital. IAP’s Founder and Vice Chairman, Doyle McBride, says "We are excited about combining IAP and JCWS. Both companies have unmatched performance records and are highly responsive to client missions. IAP will remain committed to exceptional client service and growing the business. Upon closing, IAP will operate as IAP World Service and will be a "tier 1" federal services company with revenues of over $1 billion." JCWS said that it would continue to fully support its existing federal projects and accounts throughout the process. While Johnson Controls is exiting the federal base operations, contingency support and temporary personnel businesses, the company said it will continue to provide federal government customers with its full range of services, including integrated building automation systems, security solutions and energy management, including Energy Savings Performance Contracts, as well as maintenance and repair of building systems.
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Johnson
Controls is a global market leader in automotive systems and facility
management and control. In the automotive market, it is a major supplier
of integrated seating and interior systems, and batteries. For
nonresidential facilities, Johnson Controls provides control systems and
services including comfort, energy and security management. Johnson
Controls (NYSE: JCI), founded in 1885, has headquarters in Milwaukee,
Wisconsin.