Johnson Control CEO on Staying Profitable

" A quick history lesson -- right here on Fox Business we're taking you back to school and back to the year 1887. Now the first man cycled around the world at that time. Punxsutawney Pennsylvania. You heard that name before they held their first official -- eight. And the Chicago white stockings I'm not this pronouncing that -- they used to call at their Chicago white stockings sold outfielder Mike thinking Kelly to Boston. Dean metres that was their name -- record at that time 10000 -- house."

" We've taken -- and history but it was also the year a company called Johnson Controls. Began to pay dividends to shareholders and guess what the company has never broken that record since. We head to Milwaukee our own Jeff Flock. At the Fox Business exclusive with the Johnson's control chairman and CEO Jeff tried and true company that stock through time to back."

" It heads and I can report to you that they won't maintain the dividend again this year. Correct that's that's our intent and that the board -- director makes that decision that's correct but I -- I have it on good authority I think that they will because you have done it for how many 130 -- since nine cents a 1887. And we're very proud that -- celebrate a -- for the fifth anniversary this year -- clear. And that we know our -- are coming and the dividend so that's something we respect I want to talk about the history of your company because. When you can can maintain that kind of growth that you at 62 straight years of sales growth. One of the things you do you do so many things want to miss batteries you -- not only these -- we're seeing here which are the has to do let acid batteries that have been used for years and still are. But the new we saw last hour at the new lithium ion batteries that are going hybrid that's correct and and we just we're the only company right now this production and on paper that earlier segment but. We actually launched production in France and we actually had a Mercedes -- class. Actually driving with a lithium ion batteries -- on already on the market are in the market you just built this -- corporate facility here and I'll tell you when Johnson Controls built a corporate facility built it with. Some expertise that others don't have because that's what you do. You set up the systems that control these buildings was correct in of people back -- phoning it go back -- 125 years our founder of the thermostat. Case if you start with a bases we've always been in the energy efficiency arena that's our Warren Johnson Warren Johnson has -- Is so if you look at this building we decided three -- first -- we need the space to give our growth secondly we wanted to demonstrate our commitment to sustainability. But more importantly it's really a showcase for our our customers to show them what we can do we all different technologies. Nextel were going to go down there we few into the very bowels of this place and and take a look at that system that controls this building which will be very interest witnesses. Something that you don't typically get to see the behind the scenes security. Ventilation heating and air conditioning all sorts of it it was funny people normally don't get excited and mechanical room below Gregor -- the architects consulting engineers that's where they want to know. And so it just I'm gonna -- next to get your reaction but it is something very different it's not quite as as. Sexiest -- when you look at the solar panels and things of that nature but it truly is -- the 2009 was not a good year for anybody. And this brings to a conclusion. Probably the string of earnings growth. And and sales growth. Yet you believe 2010. Are -- the fiscal year that you -- now we have essentially you have bright hopes for the future. We do we have that we -- New York last week giving our outlook for 2010 we've we have an annual analyst day it is in New York we -- that's that session of the week you'll expect today. And -- in admitting we describe the fact that we believe at all river businesses will grow and we expect most of the political against we'll get right back on track."

" Before we get away want to take me outside here because you can Europe. The companies that I about the future essentially it's about. You know kind of being on the cutting edge of technology and that we can run through these stores this couple stole it is all of us pull out there and everything. I want to show our viewers. You have the space is for hybrids plug in location -- at these open your corporate head cold."

" We don't we designed this facility in eagle back Internet years ago we began take about what should the campus replied. And one of the things we knew we -- as the plugin vehicle sites that we actually. Went through this this parking unstructured that we just instructor real loud and put in place the infrastructure for hybrid bucket."

" And your batteries are in that last question to you before we get away I ask you what your gut tell you about the economy right now. We see positive things the market falls off -- market comes back. Where are we right now. Right now -- it would applause and I think it's all really that the consumer I think we're we're waiting to see if the consumers are going to drive the durables -- cars housing whoever might be. And until we get some sun is still on his side of the it's going to via its target on us. Now if you look at the rest of the world China South America different story there was a growth and you do a lot of business with a lot of business there. But right now the US reduce that to the consumers. And fair enough. Funeral appreciate the time very much we will see you next -- down of the -- are going to walk us down through there ought to be a fascinating torso stay tuned for that guys. Always good to be around -- company with a lot of history I feel good with that at my age you know to hear about."

" At a time when -- lot of shenanigans are going on down on Wall Street it is so nice to see that western company and that has stuck to its -- a beautiful thing and walking through the building went back guys just terrific stuff it's wonderful to see it in action thank you very much Jeff Bankrate -- or CN."