Key Developments: Johnson Controls Inc (JCI)
37.03USD
24 May 2013
$-0.14 (-0.38%)
$37.17
$36.55
$37.16
$36.44
3,930,241
4,786,067
$38.08
$23.37
Latest Key Developments (Source: Significant Developments)
Johnson Controls Inc Announces Quarterly Dividend
Johnson Controls Inc announced that Board of Directors has authorized a regular quarterly cash dividend of $0.19 per common share. The dividend is payable July 2, 2013 to shareholders of record at the close of business on June 7, 2013. Full Article
Johnson Controls Inc Reaffirms FY 2013 EPS Guidance; Sees Q3 2013 EPS Guidance In Line With Analysts' Estimates
Johnson Controls Inc reaffirmed its previous earnings guidance for fiscal 2013 of $2.60-$2.70 per diluted share (EPS). The Company also announced that it is comfortable with analyst consensus of $0.75 per share for third quarter 2013 earnings. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EPS of $0.75 for the third quarter of 2013. Full Article
Johnson Controls Inc Explores Auto Interiors Unit Sale-Reuters
Reuters reported that Johnson Controls Inc is exploring a potential sale of its automotive electronics business. Johnson Controls said it has retained JPMorgan to run the sale process for car electronics. Full Article
Johnson Controls Inc Announces Quarterly Dividend
Johnson Controls Inc announced that the Board of Directors authorized a regular quarterly cash dividend of $0.19 per common share. The dividend is payable April 2, 2013 to shareholders of record at the close of business on March 8, 2013. Full Article
Johnson Controls, Inc. Reaffirms FY, H1 2013 Guidance; Issues Q2 2013 EPS Guidance
Johnson Controls, Inc. announced that uncertainties remain in global markets, and it expects earnings in the first half of 2013 to be significantly lower than 2012, consistent with earlier forecast. The Company continue to have confidence in full-year guidance for higher revenues and earnings in fiscal 2013. It expects earnings per share (EPS) of $0.40 - $0.42 in the second quarter of 2013. The forecast reflects the current European automotive production environment and short-term delays in flexing labor in the region as well as a high level of launch activity. The Company also reaffirmed its guidance for fiscal 2013. Full Article
Johnson Controls Inc Updates FY 2013 Guidance To A Range In Line With Analysts' Estimates
Johnson Controls Inc announced that for fiscal 2013, it expects consolidated net sales of approximately $43.5 billion and diluted earnings per share (EPS) of approximately $2.60-$2.70. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $42.2 billion and EPS of $2.59 for fiscal 2013. Full Article
Lifshitz Law Firm Announces Investigation of Johnson Controls Inc
Lifshitz Law Firm announced an investigation into possible breaches of fiduciary duty in connection with the proposed vote scheduled for January 23, 2013 to approve the Johnson Controls Inc (Johnson Controls or the Company) (JCI - News) 2012 Omnibus Incentive Plan (the 2012 Plan), including the authority to issue 36,800,000 shares of the Company's common stock under the 2012 Plan. The increase in the number of shares could have a substantial dilutive effect on Johnson Controls common stock. Full Article
Faruqi & Faruqi, LLP Launches Investigation Against Johnson Controls Inc For Potential Breaches Of Fiduciary Duties By Board Of Directors
Faruqi & Faruqi, LLP, national securities firm headquartered in New York City, announced that it is investigating the Board of Directors of Johnson Controls Inc (Johnson Controls or the Company) for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders` approval for the Company`s 2012 Omnibus Incentive Plan. Specifically, in the Proxy Statement filed by the Company with the Securities and Exchange Commission on December 10, 2012, the Board of Directors recommends that Johnson Controls` shareholders vote to approve the Johnson Controls, Inc. 2012 Omnibus Incentive Plan. The 2012 Omnibus Incentive Plan would allow the Company to issue 36,800,000 shares of common stock. The issuance of the additional shares could have a substantial dilutive effect on the shares of Johnson Controls` common stock. Full Article
Brookfield Asset Management Inc and Johnson Controls Inc to Merge Australian and New Zealand Property and Facility Services Operations to Create Brookfield
Brookfield Asset Management Inc and Johnson Controls Inc have agreed to merge their Australian and New Zealand property and facility services operations to create Brookfield Johnson Controls. The merged entity will combine the local operations of Brookfield Multiplex Services, which provides real estate, facilities and project management services to a range of large corporate and government occupiers, with the Australian and New Zealand business of Johnson Controls Global WorkPlace Solutions (GWS), a provider of facilities, corporate real estate and energy management services. Brookfield Johnson Controls will combine Johnson Controls GWS's global operating model, industry expertise and technology expertise with Brookfield Multiplex Services' regional infrastructure, local knowledge and established real estate, facilities and project management capabilities. The merged entity will manage more than 3.9 million square metres of property in more than 9,200 locations around Australia and New Zealand. Its revenue will be approximately $250 million, with a goal to double the size of the business over the next five years. Full Article
Johnson Controls Inc Increases Dividend 5.5%
Johnson Controls Inc announced that it has approved a 5.5% increase in the company's quarterly cash dividend, to $0.19 per common share from $0.18 per common share. The dividend is payable December 28, 2012 to shareholders of record at the close of business on December 7, 2012. The new indicated annual dividend is $0.76 per share, up from $0.72 per share. The Company noted that due to potential tax law changes, the traditional January dividend payable date was changed to December for this year only. Full Article
Johnson Controls posts profit, reaffirms 2013 outlook
DETROIT - Johnson Controls Inc on Tuesday posted a profit that met Wall Street's expectations and the largest U.S. auto-parts maker reaffirmed its full-year outlook.
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