The Directors of Johnson Controls, Inc. (NYSE: JCI) have authorized a regular quarterly cash dividend of $0.13 per common share. The dividend is payable October 4, 2010 to shareholders of record September 10, 2010.
Johnson Controls has paid consecutive dividends since 1887. » More: Johnson Controls announces quarterly dividend; elects Brian Stief as corporate officer
For the third quarter of fiscal 2010, Johnson Controls reported a 22% increase in revenues with higher sales in each of its three businesses. Net income and segment margin increased significantly. The company also said earnings for fiscal 2010 are expected to be at the high end of its previously disclosed guidance.
Highlights for the company’s third quarter of 2010 include:
The Directors of Johnson Controls, Inc. (NYSE: JCI) have authorized a regular quarterly cash dividend of $0.13 per common share. The dividend is payable July 2, 2010 to shareholders of record June 11, 2010.
Johnson Controls has paid consecutive dividends since 1887.
Johnson Controls (NYSE: JCI) is the global leader that brings ingenuity to the places where people live, work and travel. By integrating technologies, products and services, we create smart environments that redefine the relationships between people and their surroundings. Our team of 130,000 employees creates a more comfortable, safe and sustainable world through our products and services for more than 200 million vehicles, 12 million homes and one million commercial buildings. Our commitment to sustainability drives our environmental stewardship, good corporate citizenship in our workplaces and communities, and the products and services we provide to customers. For additional information, please visit http://www.johnsoncontrols.com/.
For the second quarter of fiscal 2010, Johnson Controls reported a double-digit increase in sales with each of the company’s businesses reporting higher profitability. The company also increased its estimate for 2010 earnings.
“We are pleased with our second quarter results. Our automotive and power solutions businesses are executing very well on the higher production levels in North America and Europe. The Building Efficiency business has started to see signs of recovery with global orders increasing by 5% on a year-over-year basis,” said Stephen A. Roell, Johnson Controls Chairman and Chief Executive Officer. “Globally our markets are improving, and each of the businesses generated significant margin improvements through our focus on cost and quality. I want to thank our employees for their dedication and commitment to our customers.” » More: Johnson Controls Q2 2010 revenues increase 32% with improved profitability in all three businesses; company raises earnings forecast
Public sector institutions, including state and municipal governments, K-12 school districts and state universities across the nation continue to recognize the value of energy efficiency as a means to reduce energy costs and carbon emissions. These institutions are turning to Johnson Controls, Inc. for energy efficient upgrades to aging building infrastructure.
The state of Delaware recently designated the company as a preferred energy services provider by the Delaware Sustainable Energy Utility (DESEU). » More: Public sector institutions turn to Johnson Controls for leadership in energy management
The Fayetteville Observer
Military officials and business leaders were on hand Monday to cut the ribbon for a fitness center that will benefit wounded soldiers.
Johnson Controls and the Intrepid Foundation combined to donate $200,000 worth of services and equipment to transform a room on the ground floor of Hardy Hall from a maintenance and storage area to the Warrior Transition Battalion Fitness Center.
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Johnson Controls, Inc. today announced that it has completed its previously announced public offering of $500 million aggregate principal amount of senior notes. The senior notes have an interest rate of 5.000% and will be due on March 30, 2020.
The Company received approximately $494.2 million of net proceeds from the offering after deducting underwriting discounts and commissions and other expenses of the offering. The Company intends to use the net proceeds from the offering for general corporate purposes, including to repay short-term indebtedness that it has incurred to finance working capital requirements.
Banc of America Securities LLC, Citigroup Global Markets Inc., Barclays Capital Inc. and ING Financial Markets LLC served as joint book-running managers for the offering.
ABC News / Money
Standard & Poor’s Ratings Services said Friday it has revised its outlook on auto parts and building systems maker Johnson Controls Inc. to “positive” from “stable.”
S&P also affirmed its rating on the company, including its BBB corporate credit rating.
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Johnson Controls has been ranked among America’s top companies for Best Investor Relations by Institutional Investor magazine.
Steve Roell, Johnson Controls’ chairman, president and chief executive officer, and Bruce McDonald, chief financial officer, were recognized as leaders in the Autos and Auto Parts category by Institutional Investor in its annual ranking. Johnson Controls was also ranked first in the Consumer, Autos and Auto Parts category for Best Investor Relations. Glen Ponczak, executive director of Investor Relations, was named the Best Investor Relations Professional by both buy-side and sell-side analysts. » More: Institutional Investor ranks Johnson Controls among top U.S. companies in annual survey
Milwaukee Journal Sentinel
Shareholders of Johnson Controls Inc. on Wednesday approved an investor proposal recommending that the company’s directors be elected by a majority of shareholders.
The corporate governance proposal was offered by Laborers National Pension Fund, which has pressed the issue with many companies across the country. Currently, directors can be elected if they get less than a majority of shareholders’ consent.
Read the complete story in the Milwaukee Journal Sentinel. Submit comments below.
