Some good news from the components front for once: Johnson Controls on Tuesday forecast earnings per share for fiscal 2006 in a range of $US5.00 to $5.15, up 13-17% from its estimate of $4.39 to $4.43 for fiscal 2005.
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The company also said that it expects its sales for 2006 to increase by 14% to approximately $32 billion from approximately $28 billion for 2005.
Johnson Controls will report results for fiscal 2005 on October 24. It confirmed its guidance for 2005 sales to be approximately 10% higher than for 2004, and for 2005 earnings per share to be up 16-17% from the last year.
Chairman and CEO John Barth said: “We look forward to 2006 becoming our 60th consecutive year of sales growth and 16th consecutive year of earnings growth. As we look toward fiscal 2007, given a relatively stable business environment, we anticipate sustaining our track record for double-digit earnings growth with earnings per share increasing by 15-20%.”
For the first quarter of fiscal 2006 ending December 31, 2005, the company anticipates sales approximating $6.8 billion and diluted earnings per share increasing to $.82 to $.85, up from $.75 in the 2005 quarter.
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