Successful First Quarter Report Posted by Johnson Controls
Successful First Quarter Report Posted by Johnson Controls

Manufacturer of auto parts and building systems, Johnson Controls Inc. recently posted a successful report for the financial year's first quarter, revealing a rise in earnings, mainly on the back of higher sales and strict cost-cutting measures adopted.

The company shared that revenue had jumped in both its automotive and power solutions businesses. Sales of building efficiency products, however, declined.

For the three months up-to December 31, 2009, Johnson Control posted earnings of $350 Million, or 52 cents per share, a significant improvement when compared to the loss of $608 Million, or $1.02 a share, posted for the same quarter last year.

Overall, sales rose by almost 15% to $8.4 Billion.

Analysts, on an average, were expecting a profit of 29 cents a share on sales of $7.5 Billion.

On the successful figures, the company raised its complete year earnings outlook.

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