Johnson Controls Inc.
) announced that it plans to launch an array of products at the
2013 Auto Shanghai show that will likely enhance the efficiency
of the next generation vehicles. Johnson Controls is a leading
supplier of automotive interiors, batteries, and other control
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The products set to be introduced by Johnson Controls' smart
seating systems to reduce the mass and complexity and offering
better features including innovative seating system. This will
provide state-of-the-art comfort with personalization together
with integration of electrical functions through Wi-Fi
Johnson Controls will also showcase an interior concept, which
will offer a luxury experience to customers on different vehicle
platforms in different markets worldwide.
The full range of the energy storage solutions used in the
conventional Start-Stop, Micro Hybrid, hybrid and electric
vehicles will help automakers to fulfill fuel efficiency and
emissions standards. Next, the company also plans to launch
infotainment products, which will offer superior user experience.
With all these products plans, Johnson Controls seeks to deliver
innovative interior solutions to customers to address the market
demand for products with sustainability, comfort and safety.
Johnson Controls posted a 16.1% fall in earnings to 52 cents per
share in the first quarter of fiscal 2013 ended Dec 31, 2012 from
62 cents in the same quarter of prior fiscal year as global
demand for its products weakened. However, profits surpassed the
Zacks Consensus Estimate by a penny. Net income declined 16.5% to
$354.0 million from $424.0 million in the first quarter of fiscal
Revenues in the quarter were flat at $10.4 billion, but exceeded
the Zacks Consensus Estimate of $10.2 billion. Revenues remained
unchanged as it benefitted from strong business backlog partially
offset by weak demand across the globe, especially in Europe.
Currently, Johnson Controls retains a Zacks Rank #3 (Hold) on its
Meanwhile, some other stocks that are performing well in the
industry where Johnson Controls operates include
Tower International, Inc.
). All these companies carry a Zacks Rank #1 (Strong Buy).