Automotive demand drives JCI to profitability

Oct 29, 2013 | 02:18 PM | Nathan Laliberte

Tags  Johnson Controls, Alex Molinaroli, earnings report, 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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