JCI faces headwinds from warm weather, Europe woes

Jan 18, 2013 | 04:18 PM | Nathan Laliberte

Tags  Johnson Controls, Earnings, Power Solutions, Nathan Laliberte

NEW YORK — Johnson Controls Inc. (JCI) was less profitable in its fiscal first quarter compared with the same period a year earlier, citing softer European demand and continued uncertainties in global markets.

The Milwaukee-based company posted net income of $354 million for the three months ended Dec. 31, down 16.5 percent from revised income of $424 million a year earlier but still an improvement from an $8-million net loss in the fiscal fourth quarter ended Sept. 30, 2012.....

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