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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 (NYSE: JCI) has been recognized as a leading thermal management provider for data centers by ABI Research. The company's excellence stems from its comprehensive product portfolio, global presence, and customer-centric approach. Their YORK® YVAM chiller can reduce energy consumption by up to 40% in real-world conditions, featuring zero on-site water usage and ultra-low GWP refrigerant.
The company's integrated approach combines thermal management, building automation, fire protection, and security solutions. In June 2024, JCI launched a dedicated Global Data Center Solutions organization to address industry growth, enhancing production capacity and reducing lead times across key regions. The YVAM chiller utilizes proprietary magnetic-bearing technology and Quick Start capability, returning to full load within three minutes after power interruption.
Johnson Controls International plc (NYSE: JCI), a global leader in smart, healthy and sustainable buildings, has announced its participation in the Barclays 42nd Annual Industrial Select Conference in Miami Beach, Florida. Marc Vandiepenbeeck, Executive Vice President and Chief Financial Officer, will deliver a presentation on Thursday, Feb. 20, 2025, at 11:35 a.m. EST.
The company will provide a live webcast of the presentation, which will be accessible through the investor relations section of Johnson Controls' website at investors.johnsoncontrols.com/news-and-events/events-and-presentations.
Johnson Controls International plc (NYSE: JCI), a global leader in smart, healthy and sustainable buildings, has announced its participation in Citi's 2025 Global Industrial Tech and Mobility Conference in Miami Beach, Florida. Marc Vandiepenbeeck, Executive Vice President and Chief Financial Officer, will deliver a presentation on Thursday, Feb. 20, 2025, at 9:40 a.m. EST.
The company will provide a live webcast of the presentation, which will be accessible through Johnson Controls' investor relations website at investors.johnsoncontrols.com/news-and-events/events-and-presentations.
Johnson Controls (NYSE: JCI) has announced the appointment of Joakim Weidemanis as its new Chief Executive Officer, effective March 12, 2025. Weidemanis, a former Danaher executive, will succeed George R. Oliver, who will serve as Non-Executive Chairman until July 31, 2025, before being succeeded by Mark P. Vergnano.
Weidemanis brings 13 years of experience from Danaher , where he most recently served as Executive Vice President of Diagnostics and China, managing approximately $15 billion in operations across eight global technology businesses. His 30-year career includes executive positions at Mettler Toledo and ABB, with experience across the United States, Europe, and Asia.
The transition comes as Johnson Controls continues its transformation as a pure-play building solutions provider. Oliver will remain as an advisor until December 31, 2025, to ensure a smooth leadership transition.
Johnson Controls (NYSE: JCI) reported strong fiscal Q1 2025 results with sales reaching $5.4 billion, up 4% as reported and 10% organically year-over-year. The company achieved GAAP EPS of $0.55 and adjusted EPS of $0.64.
Key highlights include a 16% organic increase in orders and an 11% organic growth in Building Solutions backlog to $13.2 billion. Building Solutions North America saw 10% sales growth to $2.7 billion, while EMEA/LA revenues increased 3% to $1.1 billion. Asia Pacific sales grew 4% to $527 million, though Global Products experienced an 8% decline to $1.1 billion despite 15% organic growth.
The company demonstrated strong cash management with $249 million in operating cash flow and $603 million in adjusted free cash flow. During Q1, JCI returned value to shareholders through $245 million in dividends and $330 million in share repurchases, buying back 4.1 million shares.
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.