Johnson Controls Inc. to Increase Lead-Acid Batteries Price According to BAC Company Report
20 Mar 2012 • by Natalie Aster
LONDON – An 8% price increase for lead-acid batteries effective May 2012 was announced by Johnson Controls, Inc. recently. The action was company’s response to rising environmental awareness and increasing safety standards that require significant investment in them. Johnson Controls sees the importance of stricter environment standards, but also admits they bring need for investing. To comply with the current regulations, the company has already put USD 160 million into battery manufacturing facilities upgrades, and another USD 50 million aid is on the way.
Company’s financial performance was stable in 2011. Q4 ended with revenue of USD 10.4 B, operating income of USD 549 M, net income of USD 410 M, profit margin of 3.9%. FY 2011 showed improvement against 2010, bringing revenue of USD 40.8 B (up 19%), gross profit of USD 6.2 B (up 16.7%), operating income of USD 2.1 B (up 19.7%), and net income of USD 1.6 B (up 8.9%). Acquisitions and increased production volumes in automotive industry were main drivers for the company’s growth.
Founded in 1885 and headquartered in Milwaukee, WI (UAS), Johnson Controls, Inc. is one of the world leading manufacturers of Building heating, ventilating, air-conditioning, refrigeration and security systems, automotive batteries, and automotive interiors (like electronics, overhead systems, seating, door or instrument panels). The company is included in many financial indices, like NASDAQ OMX CRD Global Sustainability Index, FTSE4Good Index Series, Dow Jones Sustainability Indexes: World & North America, and others. Johnson Controls is public and trades on NYSE under the ticker JCI.
Other details on the company’s activities, financials, business possibilities and news can be found in the report “Johnson Controls Inc. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis” recently published by Market Publishers Ltd.
Title: Johnson Controls Inc. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis
Date: Mar, 2012
More company reports featuring SWOT and financial information, industry and competitors analysis can be found in Company Reports Catalog.
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