Other Oct 2009 Verified
Johnson Controls Residential HVAC Warranty Charge
Johnson Controls reported a pre-tax $105 million warranty charge in its residential HVAC business during the fourth quarter of fiscal 2009, negatively impacting Building Efficiency segment income.
“A pre-tax $105 million warranty charge in the residential HVAC business.”
Entities
HVAC Sentiment: Negative
Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.