MILWAUKEE, Oct. 9 Johnson Controls, Inc. (JCI) today forecast diluted earnings per share from continuing operations for fiscal 2008 to increase by 18% to $2.45 - $2.50.
Johnson Controls, a diversified industrial company that makes buildings and vehicles more comfortable, safe and sustainable, also said that it expects sales for 2008 to increase by 10%, to approximately $38 billion."Johnson Controls near-term sales growth will be driven by a combination of our participation in growing markets and our ability to increase our market shares," said Stephen A. Roell, chief executive officer.
"In the buildings market," he said, "we will continue to achieve double-digit growth rates based on delivering energy efficiency and sustainability solutions globally. In the automotive market we are benefiting from our exposure to emerging markets and increasing demand for higher levels of interior comfort, convenience and connectivity. Concurrently, we have significant exposure to the steady building services and aftermarket battery sectors where we are enjoying strong growth. We are also in a strong position to make investments that will broaden our product portfolios, technical capabilities and market penetration."
Mr. Roell added that "Our forecast for margin improvement reflects the continuation of our disciplined process for achieving improvements in quality and cost. Those achievements, combined with our increased revenue growth, will make 2008 another year of strong profitable growth for Johnson Controls."
