Glendale-based global manufacturer Johnson Controls Inc. recently held a fiscal 2015 forecast and mid-term financial outlook in which it predicted record profits in fiscal 2015.
According to the company’s remarks at the New York event, segment income will grow by about 11 percent and sales will increase in the Building Efficiency and Power Solutions segments. Profitability is expected to improve across the company.
Consolidated net sales are expected to be about $42.3 billion, flat from fiscal 2014. Diluted earnings per share are expected to be between $3.55 and $3.70, excluding transaction and integration costs associated with mergers.
Johnson Controls expects China, which brought in $8 million in revenue in 2014, to continue to drive growth companywide.
“We continue to make progress in re-shaping our portfolio and executing on our strategies to be a leading multi-industry company,” said Alex Molinaroli, chairman and chief executive officer. “We believe our strategic and financial plans will continue to drive improved performance and higher operating margins. In the coming years, we believe the Johnson Controls Operating System will increasingly impact our profitability as we implement the Johnson Controls Way, leveraging our unique strengths and expertise across the enterprise.”