Johnson Controls International has imposed a fall deadline on deciding what to do with its Power Solutions business. But at least publicly, it is keeping all options open for one of the industry's biggest battery sources.
JCI is discussing whether to keep the battery business, sell it or spin it off.
"As we previously discussed, we are analyzing multiple options," JCI CEO George Oliver told analysts during the company's July 31 quarterly earnings conference call.
The company has been tight-lipped about its plans since putting Power Solutions under "strategic review" in March.
Management has provided no details about its deliberations.
Oliver told investors that the results of the strategic review would be disclosed no later than the company's fiscal fourth quarter report, due in November for the period ending Sept. 30.