Johnson Controls sales down 17%
IRELAND: Johnson Controls International has reported sales down 17% to $5.3bn for the three months to the end of June.
The results, driven down by the Covid-19 pandemic, also saw earnings drop by $65m compared to last year.
Despite this, George Oliver, chairman and CEO, said that the decisive actions taken to control costs from the beginning of the Covid-19 pandemic resulted in significant benefits in the quarter.
“Although market conditions remain uncertain and visibility still somewhat limited, we are well positioned with improved operating fundamentals, a strong balance sheet and cash flow, and a leading position in intelligent and sustainable building solutions,” he said.