Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Rande Is who wrote (7109)	5/18/1999 5:05:00 PM
From: Jorjenzak	Respond to of 57584

Good time to look into JCI. Price has been pushed down on market trend over interest rate hike fears but this one is solid. Check out latest earnings report!! CONSISTENT long term performer. ************ JOHNSON CONTROLS, INC. CONSOLIDATED STATEMENT OF INCOME (in millions, except per share data; unaudited) THREE MONTHS ENDED MARCH 31, SIX MONTHS ENDED MARCH 31, -------------------------------------- ------------------------------------- 1999 1998 1999 1998 ----------------- ----------------- ----------------- ----------------- Net sales $3,880.3 $3,007.3 $7,753.4 $6,063.6 Cost of sales 3,352.4 2,591.0 6,697.0 5,213.1 ----------------- ----------------- ----------------- ----------------- Gross profit 527.9 416.3 1,056.4 850.5 Selling, general and administrative expenses 368.2 289.6 713.5 575.4 ----------------- ----------------- ----------------- ----------------- Operating income 159.7 126.7 342.9 275.1 Interest income 4.8 2.5 7.9 4.8 Interest expense (41.3) (28.9) (82.4) (59.0) Gain on sale of businesses 54.6 - 54.6 - Miscellaneous - net 2.5 (0.9) 1.3 0.8 ----------------- ----------------- ----------------- ----------------- Other income (expense) 20.6 (27.3) (18.6) (53.4) ----------------- ----------------- ----------------- ----------------- Income before income taxes and minority interests 180.3 99.4 324.3 221.7 Provision for income taxes 73.1 41.2 131.4 92.0 Minority interests in net earnings of subsidiaries 8.9 5.7 14.9 11.9 ----------------- ----------------- ----------------- ----------------- Net income $98.3 $52.5 $178.0 $117.8 ================= ================= ================= ================= Earnings available for common shareholders $95.9 $50.1 $173.3 $113.1 ================= ================= ================= ================= Earnings per share Basic $1.13 $0.59 $2.04 $1.34 ================= ================= ================= ================= Diluted $1.05 $0.56 $1.91 $1.26 ================= ================= ================= =================