US: Johnson Controls uncertain of auto sector prospects - report
Author: just-auto.com editorial team | 14 October 2009
Though it has forecast a recovery for units supplying the US residential and commercial construction sector in the second half of next year, Johnson Controls remains cautious about prospects in the auto sector.
just-auto articles are only available to registered users and members.
Join now for increased access
There are various access options to choose from. All provide instant access to the latest news, insight and expert analysis.
If you’re already a member, login here.
More articles related to this one
RESEARCH ANALYSIS: Review of vehicle seating
In the global automotive seating market, suppliers must offer seats that are more comfortable, durable and safer than last year's designs but also lighter and cheaper too. Matthew Beecham reports on how they are achieving it.
FEATURE: Johnson Controls turns heads with its strong fourth quarter results
The news last Friday morning had a lot of people talking. Johnson Controls beat Wall Street's expectations with its fourth-quarter earnings, the first in a series of announcements that is expected, over the coming days, to produce a number of strong financial results for suppliers. In North America, 2010 will be a case of the "haves" and the "have-nots", according to SupplierBusiness.
US: Johnson Controls back in the black
Johnson Controls has posted a 15% fiscal first quarter sales increase to US$8.4bn ($7.3bn in Q1 2009) and record income from business segments of $406m versus a Q1 2009 loss. It also booked record net income with earnings per share of $0.52 ($0.43 a share excluding non-recurring items).
