Financial Reports: Aug. 13, 2012
• Johnson Controls (Milwaukee) reported $417 million in net income, up 17 percent over last year, on a 2 percent increase in revenues. Diluted earnings per share were 61 cents, compared with 52 cents per share in the third quarter of fiscal year 2011.
• Mueller Industries Inc. (Memphis, Tenn.) announced a net income of $17.9 million, or 47 cents per diluted share, for the second quarter of 2012. This compares to net income of $22.3 million, or 59 cents per diluted share, for the same period in 2011.
• Watsco Inc. (Miami) reported that 2012 second-quarter revenues increased 15 percent to $1 billion, including $114 million of sales added by new locations. Gross profit was up 12 percent to $238 million.
Publication date: 8/13/2012