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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.