MILWAUKEE (AP) -- Johnson Controls Inc. is reporting a 29 percent jump in earnings on a 22 percent increase in revenue for the fiscal second quarter as sales of auto parts, batteries and building climate control grew as the economy recovered.
The Milwaukee company raised its full-year revenue guidance but warned that higher climate control sales will be offset next quarter by auto production cuts due to the earthquake in Japan.
The company said Monday its net income rose to $354 million, or 51 cents a share, for the quarter ending March 31. That's up from $274 million, or 40 cents per share, a year ago.
Revenue rose 22 percent to $10.1 billion.
Excluding acquisition and restructuring costs, the company said it earned 56 cents per share. Analysts polled by FactSet expected 55 cents on revenue of $9.4 billion.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or firstname.lastname@example.org.