Automotive Seating forecasts annual margin expansion of 30 to 40 basis points due to benefits from vertical integration, operational improvements and better quoting disciplines. Longer-term, the company believes margins could improve to 7 to 8 percent.
Annual margin expansion of 60 to 70 basis points over the mid-term is projected for Automotive Electronics and Interiors driven by higher profitability in Electronics, an operational turnaround in Interiors and cost improvement initiatives. Over the next few years, margin could increase to 4 to 6 percent.
Power Solutions forecasts 200 basis points of margin expansion by 2017 led by an improved product mix, manufacturing improvements, and benefits from vertical integration.
Building Efficiency expects annual margin expansion of approximately 40 to 50 basis points due to improved supply chain management, business model changes, and growth in emerging markets.The Strategic Review and 2013 Outlook Meeting begins at 8:30 a.m. Eastern Time today. A webcast of the event and presentation materials are available in the "Investors" section of www.johnsoncontrols.com . About Johnson Controls Johnson Controls is a global diversified technology and industrial leader serving customers in more than 150 countries. Our 170,000 employees create quality products, services and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles; and interior systems for automobiles. Our commitment to sustainability dates back to our roots in 1885, with the invention of the first electric room thermostat. Through our growth strategies and by increasing market share we are committed to delivering value to shareholders and making our customers successful. In 2012, Corporate Responsibility Magazine recognized Johnson Controls as the #5 company in its annual "100 Best Corporate Citizens" list. For additional information, please visit http://www.johnsoncontrols.com. FORWARD-LOOKING STATEMENT Johnson Controls, Inc. has made statements in this document that are forward-looking and, therefore, are subject to risks and uncertainties. All statements in this document other than statements of historical fact are statements that are, or could be, deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. In this document, statements regarding future financial position, sales, costs, earnings, cash flows, other measures of results of operations, capital expenditures or debt levels and plans, objectives, outlook, targets, guidance or goals are forward-looking statements. Words such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe," "should," "forecast," "project" or "plan" or terms of similar meaning are also generally intended to identify forward-looking statements. Johnson Controls cautions that these statements are subject to numerous important risks, uncertainties, assumptions and other factors, some of which are beyond Johnson Controls' control, that could cause Johnson Controls' actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include the strength of the U.S. or other economies, automotive vehicle production levels, mix and schedules, energy and commodity prices, availability of raw materials and component products, currency exchange rates, and cancellation of or changes to commercial contracts, as well as other factors discussed in Item 1A of Part I of Johnson Controls' most recent Annual Report on Form 10-K for the year ended September 30, 2012 and Johnson Controls' subsequent Quarterly Reports on Form 10-Q. Shareholders, potential investors and others should consider these factors in evaluating the forward-looking statements and should not place undue reliance on such statements. The forward-looking statements included in this document are only made as of the date of this document, and Johnson Controls assumes no obligation, and disclaims any obligation, to update forward-looking statements to reflect events or circumstances occurring after the date of this document. CONTACT: Glen L. Ponczak (Investors) (414) 524-2375 David L. Urban (Investors) (414) 524-2838