Johnson Controls Stands Out in Automotive Electronics

摘要

While some of the largest suppliers of automotive parts in the U.S. suffer with declining market shares, liquidity problems and low stock valuations, Johnson Controls is thriving - in part through product innovation, aggressive name-branding and by providing customers more of the components that comprise automotive interiors. On January 16, 2003, Johnson Controls Inc. (JCI) of Milwaukee, Wisconsin, was trading on the New York Stock Exchange at $59.95 per share, marking a 52-week high and sporting a price-to-earnings ratio of 17. In its fiscal year ending September 2003, JCI managed a 5.1 percent operating margin on sales of $22.6 billion. JCI sales rose 13 percent compared to the prior year. Seventy-five percent of JCI's output is shipped to automotive customers.