Johnson Controls Increases 1st-Quarter Profit 11%February 2, 2017
Johnson Controls, Inc. has reported first-quarter earnings of US$502 million, or $0.53 per share, up 11.1 percent from $452 million, or $0.48 per share, one year earlier.
Johnson Controls’ quarterly sales increased 1 percent year-on-year to $7.1 billion. The company’s power solutions division’s sales rose 9 percent to $1.9 billion, while its building technologies and solutions division’s sales dipped 2 percent to $5.18 billion.
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About Johnson Controls
Johnson Controls Inc. is a diversified technology and industrial company with products and services including HVAC systems; car batteries, electronics, and interiors; industrial refrigeration; and alarm systems. For more information, visit www.johnsoncontrols.com.