Automotive demand drives JCI to profitability
Oct 29, 2013 | 02:18 PM
| Nathan Laliberte
NEW YORK Johnson Controls Inc. (JCI) returned to profitability in its fiscal fourth quarter as sales rose in all three of its main businesses, led by automotive growth.
The Milwaukee-based company posted net income of $105 million for the three months ended Sept. 30 in contrast to a net loss of $8 million in the same period last year on revenue that rose 6.3 percent to nearly $11.05 billion.....
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