Johnson Controls Inc JCI
Q1 2013 Earnings Call Transcript

Transcript Call Date 01/18/2013

Operator: Welcome and thank you for standing by. At this time, all participants are in a listen-only mode. After presentations, we will conduct a question-and-answer session. This conference is being recorded. If you have any objections, you may disconnect at this time.

I would now like to turn the conference over to Glen Ponczak. Sir, you may begin.

Glen Ponczak - VP, IR: Well, thank you, Marianne. Good morning, everybody. Thanks for joining us. Before we start here, I would like to remind you of our forward-looking statement comments. We will make statements in this presentation that are forward-looking and therefore are subject to risks and uncertainties. All statements in this presentation, other than statements of historical facts, are statements that are or could be deemed forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In this presentation, statements regarding further financial position, sales, costs, earnings, cash flows, other measures or results of operations, capital expenditures or debt levels and plans, objectives, outlook, targets, guidance and goals are forward-looking statements. Words such as may, will, expect, intend, estimate, anticipate, believe, should, forecast, project, or plan or terms with similar meaning are also generally intended to identify forward-looking statements. Johnson Controls cautions that these statements are subject to numerous important risks, uncertainties, assumptions and other factors some of which are beyond the Company's control that could cause Johnson Controls' actual results to differ materially from those expressed or implied by such forward-looking statements.

These factors include the strength of the U.S. or other economies, automotive vehicle production levels, mix and schedules, energy and commodity prices, availability of raw materials and component products, currency exchange rates, and cancellation of or changes to commercial contracts as well as other factors discussed in Item 1A of Part I of Johnson Controls’ most recent Annual Report on Form 10-K for the year ended September 30, 2012 and Johnson Controls’ subsequent quarterly reports on Form 10-Q. Shareholders, potential investors and others should consider these factors in evaluating the forward-looking statements and should not place undue reliance on such statements. The forward-looking statements included in this document are only made as of the date of this presentation and Johnson Controls assumes no obligation and disclaims any obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this document.

To talk a little about agenda here before we get started. Steve will give us an overview of the quarter and some market highlights as well then Bruce McDonald, our Executive Vice President and Chief Financial Officer will talk more specifically about business results and the financial review. We just talked to you a month ago today actually in New York at our Analyst Day, so our presentation here at the beginning is a little abridged from what we normally do by maybe a slide or so. So that will be a little shorter, we will keep the same amount of time that we normally do for questions-and-answers, but we expect to end the call about quarter of the hour.

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