Johnson Controls Sees '11 Profit Up To 17-25 Percent

MILWAUKEE (AP) -- Auto parts and building systems maker Johnson Controls Inc. said Tuesday it expects its fiscal 2011 profit to be up 17 to 25 percent from a year earlier on growth across all its business segments.

For the fiscal year ending next September, the company now expects earnings per share of $2.30 to $2.45 per share. Johnson Controls sees net sales rising 9 percent to $37 billion.

Analysts polled by Thomson Reuters currently expect a profit of $2.37 per share on revenue of $36.27 billion.

The Milwaukee company is expecting sales and margin improvements across the board at its segments: automotive experience, power solutions and building efficiency.

It sees moderately higher 2011 automotive production in North America, with flat European production versus 2010. China automotive production is expected to increase in the coming year, though at a slower pace than in 2010, Johnson Controls said. The global building efficiency market is forecast to improve in 2011 led by the recovery in the emerging markets, especially China and the Middle East.

Its shares rose 33 cents to $31.99 in pre-market trading.
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