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Johnson Controls International plc (NYSE: JCI) is a global leader in diversified technology and multi-industrial sectors, serving a wide range of customers in more than 150 countries. With a dedicated workforce of 120,000 employees, the company creates intelligent buildings, efficient energy solutions, integrated infrastructure, and next-generation transportation systems. These elements work together seamlessly to deliver the promise of smart cities and communities.
Founded in 1885 with the invention of the first electric room thermostat, Johnson Controls has a long-standing commitment to sustainability. The company's core business includes the manufacturing, installation, and servicing of HVAC systems, building management systems and controls, industrial refrigeration units, and fire and security solutions. Commercial HVAC accounts for over 45% of sales, fire and security represent roughly 40%, and residential HVAC, industrial refrigeration, and other solutions make up the remaining 15% of revenue. In fiscal 2023, Johnson Controls reported nearly $27 billion in revenue.
Johnson Controls' recent achievements highlight its ongoing commitment to innovation and customer satisfaction. The company reported fiscal first-quarter 2024 GAAP earnings per share ("EPS") of $0.55 and adjusted EPS of $0.51, with sales of $6.1 billion. Despite a slight decline in organic sales, the company generated a GAAP net income of $374 million. The appointment of Marc Vandiepenbeeck as CFO and the company's robust backlog indicate strong future performance and strategic focus.
The company is also involved in several current projects and partnerships aimed at driving growth and delivering value to stakeholders. For instance, Johnson Controls recently integrated FM:Systems, enhancing its workplace management solutions portfolio. This acquisition aims to provide customers with data-backed clarity to make strategic real estate decisions and deliver high-performance workplaces.
Financially, Johnson Controls continues to show resilience and adaptability. The company initiated fiscal 2024 second-quarter guidance and maintains a positive outlook for the full year. Johnson Controls also announced a tender offer to purchase debt securities, demonstrating its proactive financial management strategies.
Latest News Highlights:
- RALEIGH, N.C., Jan. 23, 2024 – FM:Systems released results of its 2023 Inside the Workplace survey, revealing six new workplace trends and priorities for 2024 and beyond.
- CORK, Ireland, Jan. 30, 2024 – Johnson Controls reported fiscal first-quarter 2024 results, with GAAP EPS of $0.55 and adjusted EPS of $0.51, and sales of $6.1 billion.
- CORK, Ireland, May 1, 2024 – Johnson Controls reported fiscal second-quarter 2024 results, with GAAP EPS of $(0.41) and adjusted EPS of $0.78, and sales of $6.7 billion.
- CORK, Ireland, May 20, 2024 – Johnson Controls announced tender offers to purchase cash debt securities, increasing the aggregate tender cap to $119,000,000.
Johnson Controls International (NYSE: JCI) has announced its First Quarter Fiscal 2025 Earnings Conference Call, scheduled for Wednesday, February 5, 2025, at 8:30 a.m. ET. The company, a global leader in smart, healthy and sustainable buildings, will provide a slide presentation for download on the morning of the event.
Investors can participate through multiple channels: a live webcast available at the company's investor relations website, or via telephone by dialing 833-816-1266 (US) or +1-412-317-5636 (international). For those unable to attend, a replay will be accessible through the website and via telephone at 877-344-7529 (US) or +1-412-317-0088 (international) using passcode 3107846, available from 10:30 a.m. ET on February 5 until 11:59 p.m. ET on February 12, 2025.
Sensormatic Solutions, part of Johnson Controls (NYSE: JCI), has announced a strategic partnership with Indyme Solutions to enhance its loss prevention portfolio. The collaboration will integrate Indyme's merchandise protection products, including the self-service locking Freedom Case™, SmartResponse™, and SmartDome™ technologies.
The partnership aims to improve retail operations by enabling faster customer service response, enhanced loss prevention programs, and optimized labor allocation. The Freedom Case technology offers protection while maintaining a frictionless shopping experience, while SmartDome provides real-time alerts for suspicious activity.
These solutions will be showcased at NRF 2025 Retail's Big Show, where retailers can explore how the integrated technologies help protect merchandise while improving customer experience and store operations. The solutions can be purchased directly from Sensormatic Solutions sales teams and integrated into existing communications infrastructure.
Sensormatic Solutions, part of Johnson Controls (NYSE: JCI), announced a strategic technology partnership with INEO to integrate digital display technology into their EAS and RFID-based exit systems. The collaboration aims to combine loss prevention solutions with immersive advertising capabilities, creating new retail revenue streams.
The integration will enhance three key areas: shrink visibility through item-level analytics, retail media network functionality with real-time content updates, and EAS with video monitoring for improved evidence collection during theft events. INEO's patented signal-shielding technology ensures EAS tags won't interfere with display performance.
The solution targets the growing retail media network market, allowing Consumer Packaged Goods brands to engage shoppers at key touchpoints. The new technology will be showcased at the 2025 NRF Big Show, with the integrated solutions scheduled for release later in 2025.
Sensormatic Solutions, part of Johnson Controls (NYSE: JCI), has expanded its cloud-based Shrink Analyzer application capabilities to provide enhanced loss prevention analytics beyond store exits. The upgraded solution now integrates RFID and EPC data from previously unmonitored areas to improve loss event visibility and predictions.
The enhanced platform now covers multiple strategic areas including:
- Receiving areas: To identify inventory distortion and vendor fraud
- Employee entrances: To reduce internal theft with item-level evidence packages
- Online pick-up doors: To improve e-commerce fulfillment accuracy
- Defined high-risk zones: To validate self-checkout receipts and monitor fitting rooms
The inventory-platform-agnostic application is compatible with Sensormatic's complete RFID hardware portfolio and can integrate with existing retail analytics ecosystems. The new capabilities are being showcased at the 2025 NRF Big Show at booth #3523.
Sensormatic Solutions, part of Johnson Controls (NYSE: JCI), will showcase its latest retail innovations at the 2025 NRF Big Show. The company will serve as NRF's exclusive people-counting partner in multiple zones, displaying real-time attendance data at their booth #3523.
The exhibition will feature demonstrations of enhanced solutions including: Shrink Analyzer with extended capabilities for loss prevention, collaboration with pass_by for improved shopper behavior analysis, TrueVUE Cloud for inventory management, and ShopperTrak Analytics for optimizing store performance.
Notable presentations include a Big Ideas Session featuring Tony D'Onofrio, president of Sensormatic Solutions, alongside PVH's VP of Global Product Technology, discussing RFID implementation. The company will also present on AI mapping of customer journeys in the Foodservice Tech Stage.
Johnson Controls International (NYSE: JCI) announced the pricing of $250 million senior notes due 2032. These Additional Notes will be combined with the existing $400 million aggregate principal amount of 4.900% senior notes due 2032, originally issued on September 14, 2022. The net proceeds will be used for general corporate purposes, including debt repayment, acquisitions, working capital, share repurchases, dividends, and investments.
The transaction is expected to close on December 10, 2024. BofA Securities and US Bancorp are acting as joint lead book-running managers, with Barclays, BBVA, and UniCredit Capital Markets serving as additional book-running managers.
Johnson Controls (NYSE: JCI) has announced its board of directors approved a quarterly dividend of $0.37 per share of common stock. The dividend will be payable on January 17, 2025, to shareholders of record as of December 23, 2024. The company, which specializes in smart, healthy and sustainable buildings solutions, highlighted its remarkable track record of paying consecutive dividends since 1887, demonstrating a long-standing commitment to shareholder returns.
Johnson Controls International (NYSE: JCI) has announced the pricing of €500 million senior notes due 2033. The proceeds will be used for general corporate purposes, including debt repayment, refinancing of commercial paper, acquisitions, working capital, share repurchases, dividends, and capital expenditures.
The notes will be co-issued by Tyco Fire & Security Finance, with the transaction expected to close on December 11, 2024. BofA Securities, Crédit Agricole CIB, and ING are acting as joint lead book-running managers, with several other financial institutions serving as book-running managers and co-managers.
Sensormatic Solutions, part of Johnson Controls (NYSE: JCI), reported retail traffic data for Black Friday week (Nov. 24 – Dec. 1), showing a 2.3% decrease in in-store visits compared to 2023. However, this performance was better than the year-to-date average decline of 3.0%.
Detailed analysis revealed mixed results: Saturday (Nov. 30) saw a 2.0% decrease in traffic, while Sunday (Dec. 1) experienced a 2.4% increase. Black Friday itself (Nov. 29) recorded a 6.3% year-over-year decline.
According to Grant Gustafson, head of retail consulting and analytics, retailers leveraged omnichannel strategies, promotions, and supply chain improvements to enhance the shopping experience. Four of the five busiest shopping days are still anticipated, including Super Saturday (Dec. 21), Monday before Christmas (Dec. 23), Sunday before Christmas (Dec. 22), and the second Saturday before Christmas (Dec. 14).
Johnson Controls' Sensormatic Solutions reported U.S. in-store shopper traffic declined 3.9% from Nov. 24-29 compared to 2023, aligning with year-to-date trends. Black Friday specifically saw an 8.2% drop in foot traffic versus last year, with peak shopping hours between 2-3 PM. The extended promotional period before Black Friday contributed to softer day-of turnout as retailers spread deals throughout the week to enhance shopping convenience. With a shorter holiday season between Thanksgiving and Christmas this year, retailers expect condensed shopping activity in December, with eight of the top ten predicted busiest shopping days still ahead.
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