Johnson Controls, Inc. today reported record sales and earnings for the third quarter of fiscal 2007. Diluted earnings per share from continuing operations totaled $1.98, up 16% from $1.70 last year, on a 6% increase in sales.
The company also confirmed its guidance for full-year sales and earnings records, which would make fiscal 2007 the company's 61st consecutive year of sales increases and 17th consecutive year of earnings increases.
Sales for the 2007 third quarter increased to $8.9 billion from $8.4 billion for the 2006 third quarter. Building efficiency and power solutions sales increased at double-digit rates, while automotive experience sales were approximately level with the year-ago period. Income from continuing operations for the 2007 third quarter was $396 million, up 18% compared with $336 million last year.
