Jul. 18, 2013, 7:54 AMMore on Johnson Controls (JCI +0.3%) FQ3: net profit +38% to $594M. To sell HomeLink ops, which make remote control products for garages and other home uses, to Gentex (GNTX) for $700M; JCI hopes to sell the rest of its electronics business before its next earnings announcement. Expects FQ4 EPS of $0.93-0.95 vs consensus of $0.92, believes strong free cash flow generation from operations will continue; plans to cut debt by $600-650M. (PR) | Jul. 18, 2013, 7:54 AM | Comment!
Gentex Corp designs and manufactures automatic-dimming rearview mirrors and electronics for the automotive industry, dimmable aircraft windows for the aviation industry, and commercial smoke alarms and signaling devices for the fire protection industry.
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