Johnson Controls Inc. Reports Consolidated Unaudited Earnings Results for the First Quarter Ended December 31, 2012; Provides Earnings Guidance for the Second Quarter, First Half and Full Year of Fiscal 2013
January 18, 2013 at 03:35 pm
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Johnson Controls Inc. reported consolidated unaudited earnings results for the first quarter ended December 31, 2012. For the quarter, the company reported net sales of USD 10,422 million compared to USD 10,417 million a year ago. Income before income taxes was USD 480 million compared to USD 572 million a year ago. Net income was USD 384 million compared to USD 459 million a year ago. Net income attributable to the company was USD 354 million compared to USD 424 million a year ago. Diluted earnings per share was USD 0.52 compared to USD 0.62 a year ago. Cash provided by operating activities was USD 298 million compared to cash used in operating activities was USD 97 million a year ago. Capital expenditures were USD 371 million compared to USD 538 million a year ago. Diluted income available to common shareholders was USD 354 million compared to USD 425 million a year ago.
The company expects earnings per share of USD 0.40 to USD 0.42 in the second quarter of fiscal 2013.
For the first half of fiscal 2013, the company expects earnings to be significantly lower than 2012, consistent with its earlier forecast.
For the full-year of fiscal 2013, the company expects for higher revenues and earnings in fiscal 2013.
Johnson Controls International Plc specializes in the design, manufacturing and marketing of equipment for the regulation and safety of buildings. Net sales break down by family of products and services as follows:
- building regulation, integrated management and security equipment, systems and services (64.1%): refrigeration, ventilation, air conditioning, heating systems, access control systems, anti-intrusion, video surveillance, safety and protection devices and fire detection and suppression systems, etc. to commercial and industrial buildings. At the same time, the group provides installation and maintenance services. Net sales break down by geographic region between North America (60.1%), Europe/Middle East/Africa/Latin America (23.9%) and Asia/Pacific (16%);
- heating, air conditioning, refrigeration, fire protection and security systems for residential and commercial uses (35.9%).
Net sales break down by source of revenue between sales of products (75.6%) and services (24.4%).
Net sales are distributed geographically as follows: the United States (52.3%), Asia-Pacific (20.9%), Europe (18.2%) and other (8.6%).
Johnson Controls Inc. Reports Consolidated Unaudited Earnings Results for the First Quarter Ended December 31, 2012; Provides Earnings Guidance for the Second Quarter, First Half and Full Year of Fiscal 2013
JOHNSON CONTROLS INTERNATIONAL PLC 
