Johnson Controls Plans a Return to the Driver's Seat
At its annual investor day meeting on Wednesday, Johnson Controls (JCI) management took clear ownership of the subpar performance of the company's Automotive Experience segment during the past 18 months and asserted that the issue is now aggressively being fixed.
Reflecting that confidence, the headline of the day was the raised fiscal 2013 guidance to earnings per share of $2.60 to $2.70 and enhanced revenue growth of 3% to 4%. More optimistic management guidance is becoming increasingly rare in general, but even more noteworthy is that Johnson Controls' statements come after management provided disappointing guidance in October....503 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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