This Month in History: Johnson Service posts big gains
The cover of the Johnson Service Company's (Johnson Controls' former name) annual report from 1966.
March 4, 1967: Johnson Service Company sales exceed the $100 million mark
"Johnson Service Posts Big Gains" was the title of a news article printed in the March 4, 1967 issue of The Milwaukee Journal. The article reported that sales for the fiscal year ended December 31, 1966 passed the one hundred-million-dollar mark for the first time ever in Johnson's history, and profits rose 20 percent to an all-time high.
Interestingly, about every 16 years beginning in 1950 and ending in 1997, Johnson Controls' sales increased by a factor of ten.
The article continued, "The controls firm had sales last year of $113,351,600, up 22 percent from the $92,443,122 in 1965. Earnings climbed 20 percent to $5,283,185 in 1966 from 1965's total of $4,206,175." Interestingly, about every 16 years beginning in 1950 and ending in 1997, Johnson Controls' sales increased by a factor of ten, as follows:
- 1950 ‒ Sales exceed $10 million for the first time
- 1966 ‒ Sales exceed $100 million for the first time
- 1981 ‒ Sales exceed $1 billion for the first time
- 1997 ‒ Sales exceed $10 billion for the first time