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Article: Johnson Controls forecasts growth
- Article from:
- The Milwaukee Journal Sentinel (Milwaukee, WI)
- Article date:
- October 14, 2009
- Author:
CopyrightCopyright 2009 The Milwaukee Journal Sentinel. Provided by ProQuest LLC. (Hide copyright information)
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By THOMAS CONTENT
Shares of Johnson Controls Inc. fell more than 2% Tuesday after
the company announced that profit during the fiscal year that began
this month will rise sharply, but not quite to the level projected
by investment analysts.
The company said it's responding to the worst year for auto
industry production in North America since 1961 through
restructurings that paved the way for the automotive side of its
business to return to profitability.
In a forecast issued during an investor meeting in New York
City, Johnson Controls said it is projecting annual sales of $31
billion, up 9%, and that it is forecasting growth in all three of
its businesses: automotive batteries, building ...