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Johnson Controls' net income drops in Q2

By - Last modified: April 23, 2013 at 11:54 AM

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.

Shares of Johnson Controls are traded on the New York Stock Exchange under the ticker symbol JCI.

Click here to read about the new facility in York County.

 

Brent Burkey

Brent Burkey

Brent Burkey covers York County, agribusiness, energy and environment, and workforce issues. Have a tip or question for him? Email him at brentb@cpbj.com. Follow him on Twitter, @brentburkey.

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