Johnson Controls' net income drops in Q2
Milwaukee-based Johnson Controls Inc., which just announced a new facility in southern York County, today reported second-quarter earnings that were significantly lower than the year-ago period.
The company reported net income attributable to Johnson Controls in the three months ending March 31 of $148 million, or 21 cents per diluted share, compared with $379 million, or 55 cents per diluted share, in the year-ago period, according to a news release.
Sales in the company’s Building Efficiency business segment, which includes York County operations, were about $3.5 billion, or 3 percent below the year-ago period.
North America Systems sales were higher but were offset by decreased revenue in Europe, Asia and North America Service, the release stated. But Johnson Controls said it expects stronger profitability in the second half of its fiscal year.
Click here to read about the new facility in York County.