Johnson Controls reports confirms outlook

25/01/2006

US automotive interiors company Johnson Controls, Inc. has reported a 14% increase in sales for the three months ended December 31, 2005, to reach a record $7.5 billion from $6.6 billion last year. This increase reflected organic growth by the interior experience and power solution businesses as well as revenues from the acquisitions of York and the Delphi battery business (effective July 2005).

Operating income was a record $231 million, an increase of 5% over $219 million for the prior year. Higher power solutions and European interior experience earnings were partially offset by lower North American interior experience results and costs associated with the York acquisition.

Excluding the impact of the York acquisition and foreign exchange, both sales and operating income increased 10% over the first quarter of fiscal 2005.

For the second quarter of 2006 the company anticipates sales of approximately $8 billion, a 16% increase over the second quarter of 2005.