Johnson Controls said fiscal fourth quarter net income was $300 million ($0.47 per diluted share), compared with $16 million ($0.03 per diluted share) a year ago. Fiscal 2009 fourth quarter net sales were $7.9 billion, compared with $9.3 billion in the previous year's period.
Company's CEO said the firm "navigated through customer and supplier bankruptcies and deteriorating global economic conditions."
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by Larry Etter
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