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Although there is not an abundant amount of Fools on this board, I must post this one, if not for my own enjoyment.

See source below:

Johnson Controls 2000 EPS Up 23% 
    
PR Newswire 
 MILWAUKEE, Oct 19, 2000 /PRNewswire via COMTEX/ -- Johnson Controls, Inc.
(NYSE: JCI) (JCI) today reported record sales and income for its fiscal year
ended September 30, 2000. The year 2000 was the company's 54th consecutive year
of sales increases, its tenth straight year of record earnings and the 25th
consecutive year of dividend increases.

Mr. James H. Keyes, Johnson Controls chairman and chief executive officer, said,
"I am gratified by the performance of Johnson Controls employees who have
demonstrated their ability to continuously improve and deliver on our
commitments to our customers and our shareholders. In 2000, as in years past,
our success can be attributed, not to any single event or program, but to the
combined achievements of Johnson Controls 100,000 employees." Full-Year
Consolidated Results

Sales for the full year totaled $17,154.6 million, up 6% from $16,139.4 million
for 1999. Operating income increased 13% to $965.0 million from the prior year's
$854.9 million. Net income rose to $472.4 million, up 22% from $387.1 million
for 1999. The net income increase was aided by a decline in interest expense due
to strong cash flow from operations. Diluted earnings per share for 2000 were
23% higher, reaching $5.09 compared with $4.13 for the prior year. Income
amounts for fiscal 1999 exclude a one-time gain realized in the second quarter
associated with the sale of businesses.

Johnson Controls said that its cash flow from operations enabled it to improve
its ratio of total debt to total capitalization to approximately 41% at
September 30, 2000 from 45% at the end of fiscal 1999. In addition, the company
reported that its return on invested capital improved over the prior year.

It seems the future looks bright!

Fool on!
gldstr
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