- The Washington Times - Tuesday, April 21, 2009

MILWAUKEE (AP) - Johnson Controls, which makes both automotive and building systems, says it posted a $193 million fiscal second-quarter loss, on a steep drop in sales stemming from the continued decline in vehicle production.

For the quarter ended March 31, Milwaukee-based Johnson Controls Inc.’s loss amounted to 33 cents per share. A year ago, it posted a profit of $289 million, or 48 cents per share.

Excluding restructuring charges and tax benefits, the company said Tuesday it posted a loss of 16 cents per share.

Sales dropped 33 percent to $6.32 billion from last year.

Analysts polled by Thomson Reuters expected a loss of 17 cents per share and $6.93 billion in sales.



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