(Adds details from release) CHICAGO, June 29 (Reuters) - Johnson Controls Inc. , an auto parts supplier and building heating and cooling systems maker, on Thursday said it would initiate a restructuring in its third quarter, incurring after-tax charges of $130 million to $140 million. Johnson Controls also said it expects to record one-time tax benefits of about $135 million, or 68 cents per share, in its third quarter ending June 30 mainly on the reversal of a German deferred tax asset ...
Premium Content (PAID Subscription Required)
"UPDATE 1-Johnson Controls sees restructuring charges" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.