JCI’s earnings fall on ‘challenging’ market

Apr 24, 2013 | 02:04 PM | Nathan Laliberte

Tags  Johnson Controls Inc., earnings report, Stephen Roell, Power Solutions, Nathan Laliberte

NEW YORK — Soft global demand combined with restructuring and operations-related costs dragged down Johnson Controls Inc.’s (JCI’s) fiscal second-quarter earnings.

The Milwaukee-based company posted net income of $148 million for the three months ended March 31, down 60.9 percent from $379 million in the same period last year on sales that slipped to $10.43 billion, down 1.3 percent from a year earlier....

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