• +353-1-416-8900(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Summary: Johnson Controls Inc. May 04 Product Image

Summary: Johnson Controls Inc. May 04

  • ID: 2085650
  • May 2004
  • Standard & Poors

Abstract
The ratings reflect Johnson Controls Inc.'s top-three global market positions in all of its major businesses, good business diversity, consistently solid profitability, and moderate financial policy. Johnson Controls is one of the world's largest providers of automotive components and systems and building control devices. The automotive group accounts for about 75% of total company revenue. The company manufactures seat systems, interior components and systems, and batteries. The bulk of automotive revenue comes from the original equipment segment, where competition is intense, demand is cyclical, and a concentrated customer base exerts ongoing pricing pressure. The company's good geographic diversity, broad product line, and strong engineering capabilities somewhat offset these risks. Automotive production is expected to remain stable during 2004, which should...

Companies mentioned in this report are: Johnson Controls Inc.
Action: Review

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress READ MORE >

Note: Product cover images may vary from those shown

RELATED PRODUCTS