April 24, 2013

Johnson Controls 2Q profits down on restructuring charges, Europe

Johnson Controls Inc. on Tuesday reported that second-quarter profits plummeted 61 percent on restructuring and non-recurring tax charges as well as lower sales that continue to be weighed down by Europeâ;€™s struggling economy.

Johnson Controls (NYSE: JCI), a Glendale-based manufacturer of automotive interior systems and batteries and provider of facility management systems and services, posted net income of $148 million, or 21 cents per share, compared with $379 million, or 55 cents per share,â;€¦;

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