Johnson Controls Increases Its Turnover by 21% in the Third Quarter of the Financial Year

In late July 2011, Johnson Controls announced the data for the third quarter of fiscal 2011, an increase of 21% from the same period last year to $10.4 billion.

It is reported that Johnson Controls has achieved double-digit percentage growth in its three major businesses. Revenue in the business area reached US$512 million, while net income was US$357 million. Depreciated Earnings Per Share was US$0.52. The above statistics include a $29 million non-recurring pre-tax charge, equivalent to $0.04 per share.

Excluding non-periodic items, the third-quarter turnover was US$10.4 billion, a 21% increase from the US$8.5 billion in the third quarter of fiscal 2010. The business unit’s revenue was US$541 million, an increase of 9% from the US$496 million in the same period last year. Net profit increased by 4% to US$383 million from US$367 million in the same period last year. At this time, the earnings per share after depletion was $0.56, an increase from last year's $54 million.

Stephenson, chairman and CEO of Johnson Controls. Roell revealed that this quarter's data not only created a new high, but also maintained a double-digit percentage increase for the seventh consecutive quarter. The company also stated that the earthquake in Japan in March this year caused the blockage of the automobile supply chain, which caused the company to lose about 400 million U.S. dollars.

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