Johnson Controls’ Q2 sales up 22%

摘要

Lead nbattery/automotive parts maker Johnson Controls posted na 29% jump in its fiscal second-quarter net income, while nthe company also saw its net sales rise 22% in the quarter, nlargely as a result of higher output at its automotive division, nand the launch of new automotive products like seating, nelectronics and interiors, it said last week. Johnson Controls nposted fiscal Q2 net income attributable to the company nof $354 million, compared with a $274 million total in the nyear-ago quarter. The company said that, excluding non-nrecurring items, its fiscal Q2 net income totaled $383 million ncompared with $292 million in the same quarter of 2010. The nMilwaukee-based company saw its net sales in the quarter njump to $10.1 billion from $8.3 billion a year earlier. The ncompany said its automotive experience unit’s sales rose n25% compared with the year-ago period to $5.2 billion, on the nstrength of higher production and 18 major product launches nfor Ford, Kia, VW, Tata, Daimler and Honda.