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Johnson Controls Inc JCI
Q3 2013 Earnings Call Transcript

Transcript Call Date 07/18/2013

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

Now, I'll turn the call over to Mr. Glen Ponczak. Sir, you may begin.

Glen Ponczak - VP, IR: Thanks, Phil and thanks everybody for participating this morning. Before we start, I just want to remind you of our forward-looking statement. That Johnson Controls 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 future financial position, sales, costs, earnings, cash flows, other measures of results of operations, capital expenditures or debt levels and plans, objectives, outlook, target, guidance and goals are forward-looking statements. Words such as may, will, expect, intend, estimate, anticipate, believe, should, forecast, project, or plan or terms of 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 presentation.

As always I'm joined this morning by Steve Roell, our Chairman and Chief Executive Officer, who will provide an overview of our third quarter results, followed by Alex Molinaroli, our Vice Chairman, who will review the Power Solutions and Building Efficiency business results, then Bruce McDonald, Executive Vice President and Chief Financial Officer, who will review the Automotive business, as well as the financial review of the overall quarter, followed by question and answer and we will end the call promptly at the top of the hour.

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