Oct. 31, 2013: Johnson Controls Reports Record Fourth Quarter Income
Building Efficiency Segment Had Higher Revenues and Income Despite a Soft Global Market
MILWAUKEE — For the fiscal 2013 fourth quarter, Johnson Controls reported net revenues of $11 billion versus $10.4 billion in the fourth quarter of 2012, up six percent; record income from business segments of $920 million compared with $725 million a year ago, up 27 percent; and record net income of $657 million versus $526 million last year, up 25 percent.
Johnson Controls noted that its Building Efficiency segment realized higher revenues and income despite a soft global market environment. Sales in the fiscal 2013 fourth quarter were $3.9 billion, 2 percent higher than $3.8 billion in the same quarter last year, with double digit growth in North America Service and higher revenues in Asia partially offset by lower sales in Global Workplace Solutions. Residential HVAC sales increased 13 percent as demand was positively impacted by improved market conditions in North America.