{"id":213359,"date":"2010-01-22T15:56:34","date_gmt":"2010-01-22T20:56:34","guid":{"rendered":"http:\/\/www.egmcartech.com\/?p=49533"},"modified":"2010-01-22T15:56:34","modified_gmt":"2010-01-22T20:56:34","slug":"johnson-controls-posts-higher-than-expected-profit","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/213359","title":{"rendered":"Johnson Controls posts higher than expected profit"},"content":{"rendered":"

\"\"<\/p>\n

Johnson Controls, Inc. said today that it posted a quarterly profit higher than it originally expected, and raised its fiscal-year outlook as global auto production volumes recover from steep declines. The company, which is the largest manufacturer of car interiors, said that it expects sales to increase 16% this year to $33 billion from $31 billion. Their profit-per-share forecast for \u201910 also rose from $1.35-$1.45 to $1.70 to $1.75.<\/p>\n

For Q1, which ended on December 31, the company reported a net income of $350 million, compared to the previous year\u2019s loss of $608 million.<\/p>\n

<\/span><\/p>\n

The company is swiftly gaining market share from distressed companies after several large competitors went bankrupt in the wake of the recent massive production costs by automakers.<\/p>\n

Johnson Controls, Inc. ranks No.6 on the Automotive News list of top 100 global suppliers, having raked up $19.10 billion in sales during the last fiscal year.<\/p>\n

– By: Stephen Calogera<\/em><\/p>\n

Source: Automotive News<\/a> (Subscription Required)<\/p>\n

<\/img><\/a>
\n<\/img><\/a><\/p>\n

\n<\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Johnson Controls, Inc. said today that it posted a quarterly profit higher than it originally expected, and raised its fiscal-year outlook as global auto production volumes recover from steep declines. The company, which is the largest manufacturer of car interiors, said that it expects sales to increase 16% this year to $33 billion from $31 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-213359","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/213359","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=213359"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/213359\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=213359"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=213359"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=213359"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}