JOHNSON CONTROLS 2004 SALES UP 17%, EARNINGS PER SHARE UP 18% TO $4.24 / FOURTH-QUARTER SALES INCREASE 13%, EARNINGS PER SHARE UP 22% TO $1.41

Burscheid, Germany/Milwaukee, Wisconsin 27. 10. 2004(PROTEXT/ots) - Johnson Controls, Inc. (JCI) today reportedrecord sales and earnings for the fourth quarter and full year of2004. The results qualify 2004 as the company's 58th consecutiveyear of sales increases and the 14th straight year of increasedearnings. John M. Barth, Chairman and Chief Executive Officer,said "We are pleased to have achieved strong growth in 2004.During the year we accelerated the rate of change in ourbusinesses in response to challenging market conditions and tobetter align our resources with our future growth opportunities.We appreciate the support of our customers, suppliers andemployees, as we work to continue to create value for all JohnsonControls constituencies, including our shareholders."

Full-Year Results

Sales totaled $26.6 billion, 17% higher than the $22.6billion for the year ended September 30, 2003. The growth inrevenues reflects a 20% increase in Automotive Group sales ofseating, interiors and batteries, and a 9% increase in sales bythe Controls Group. Operating income increased 12%, reaching $1.3billion compared with the prior year's $1.2 billion. Net incomefor fiscal 2004 was $818 million, up 20% from $683 million. Thenet income increase was aided by higher equity income and a lowereffective tax rate. Diluted earnings per share for 2004 were 18%higher, reaching $4.24 compared with $3.60 for the prior year.

Included in 2004 selling, general and administrative expenses(SG&A), and recorded during the second quarter, was an $84.4million non-cash gain on the transfer of certain pensionobligations and related plan assets, associated with AutomotiveGroup employees in Japan, to the Japanese government. Alsorecorded in SG&A in the second quarter were $82.4 million ofrestructuring costs involving workforce reductions and plantconsolidations. The company's financial position remainedstrong. The ratio of total debt to total capitalization of 33.9%increased slightly from 31.6% at June 30, 2004 due to theacquisition of the remaining interest in its Latin Americanautomotive battery joint venture during the 2004 fourth quarter.The ratio of 33.9% was a decline from 35.6% at September 30,2003.

Fourth-Quarter Results

Sales for the three months ended September 30, 2004 increased13% to $6.8 billion from $6.0 billion for the same period of2003. Operating income was $414 million, up 15% from last year's$360 million. Net income rose 24% to $273 million, up from $220million for the fourth quarter of 2003. The increase was aided bya lower effective tax rate and lower "miscellaneous-net"expenses. Diluted earnings per share increased 22% to $1.41 for2004 from $1.16. The tax provision in the quarter benefited froma lower base effective tax rate and a $10 million favorableresolution of worldwide tax audits, which together contributed$.09 to diluted earnings per share.

Johnson Controls Automotive Group sales increased 15% for thefourth quarter primarily reflecting the launch of new businessand stronger shipments of seating, other interior systems andbatteries. Industry vehicle production in North America isestimated to have been slightly below prior year amounts whileEuropean production is estimated to have been slightly higher.Operating income for the Group increased 19% over the fourthquarter of 2003. The increase reflects the higher volumes andbenefits from operational improvements at the company's Europeanoperations.

Controls Group sales increased 5% for the fourth quarter, ledby stronger facility management activity and technical servicesrevenues. Operating income was 4% above 2003 reflecting thegrowth in sales. The backlog of uncompleted contracts at the endof 2004 was 5% higher than one year ago. The company said thatorders for controls systems installation contracts were below theprior year as lower domestic spending by the federal and stategovernments more than offset increased bookings in the educationand health care sectors.

2005 Guidance

Johnson Controls confirmed its October 8, 2004, guidance,which forecast record fiscal 2005 results, among otherexpectations.

Johnson Controls, Inc. is a global market leader inautomotive systems and facility management and control. In theautomotive market, it is a major supplier of integrated seatingand interior systems, and batteries. For non-residentialfacilities, Johnson Controls provides control systems andservices including comfort, energy and security management.

Johnson Controls (New York Stock Exchange: JCI), founded in1885, has its headquarters in Milwaukee, Wisconsin, USA. Thecompany's sales for 2003 totaled US$22.6 billion, the AutomotiveGroup worldwide generating US$17 billion of this figure andEurope accounting for US$5.9 billion. The European headquartersis in Burscheid, Germany. The company's product portfolio alsoincludes instrument panels/cockpits, door systems, overheadsystems, interior electronics, electrical energy management andengine electronics.

Contact Johnson Controls GmbH Automotive Group AstridSchafmeister Industriestraße 20-30 51399 Burscheid, GermanyTel.: +49 2174 65-3189 Fax: +49 2174 65-3219 E-Mail:astrid.schafmeister@jci.com

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