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Summary: Johnson Controls Inc. Jul 02

  • ID: 2085868
  • July 2002
  • Standard & Poors

The ratings reflect Johnson Controls Inc.'s leading positions in the automotive supply and building controls industries, and its moderate financial profile. Johnson Controls' 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 and demand is cyclical. The company's good geographic diversity, with sales in the U.S., Europe, and Latin America, and strong technological capabilities somewhat offset these risks. The October 2001 acquisition of Sagem SA's electronics business for $435 million improved Johnson Controls' geographic and customer diversity, and increased the company's automotive electronic capabilities, which is a growth area in the industry. Johnson...

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

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Johnson Controls Inc.

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