Welcome to our dedicated page for Johnson Controls International plc news (Ticker: JCI), a resource for investors and traders seeking the latest updates and insights on Johnson Controls International plc stock.
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.
Sensormatic Solutions, part of Johnson Controls (NYSE: JCI), has announced the elimination of single-use plastic packaging in shipping its InFuzion and magnetic alarming tag lines. This initiative, developed in collaboration with REI Co-op, aims to reduce waste and promote sustainability. The global rollout is expected to eliminate 163,700 plastic bags and prevent up to 2,400 lbs of single-use plastic from reaching landfills annually. According to recent surveys, 83% of U.S. shoppers consider sustainability in their purchasing decisions, with 41% preferring products with sustainable packaging.
Johnson Controls (NYSE:JCI) has announced expanded AI capabilities in its OpenBlue Enterprise Manager suite. The updates include first customer-facing generative AI applications, enhanced autonomous building controls, and improved user interface. The OpenBlue system has demonstrated significant benefits, including up to 30% reduction in energy spend, 20% reduction in maintenance costs, and 10% more optimized space utilization.
New features include integrated generative AI tools for energy savings recommendations, improved user experience with better personalization, expanded data insights for building visitor management, enhanced indoor air quality monitoring, and automatic setpoint adjustments based on fault diagnostics. The system now supports over 130 categories of energy conservation projects and includes autonomous building control capabilities.
Johnson Controls (NYSE: JCI) reported strong Q4 FY24 results with sales increasing 7% to $7.4 billion and organic sales up 10%. Full-year sales grew 2% to $27.4 billion with organic sales up 4%. Q4 GAAP EPS was $0.95, while adjusted EPS reached $1.28. The company's Building Solutions backlog grew 7% organically year-over-year to $13.1 billion.
Notable developments include a definitive agreement to sell the Residential and Light Commercial HVAC business to Bosch Group for approximately $8.1 billion, with JCI's portion being $6.7 billion. The company also announced a restructuring plan expecting to incur $400 million in costs over three years, targeting annual cost savings of $500 million.
Johnson Controls (NYSE: JCI) has appointed Richard Lek as vice president and president of Building Solutions EMEALA (Europe, Middle East, Africa, and Latin America), effective November 4, 2024. Lek, who has over 20 years of experience at Johnson Controls, succeeds Marc Vandiepenbeeck, who continues as executive vice president and CFO. In his previous role as VP & general manager of Continental Europe, Lek achieved double-digit return on sales and operational efficiency improvements. Based in Rotterdam, he will lead the execution of go-to-market strategy in EMEALA and focus on capturing new growth opportunities.
Johnson Controls International plc (NYSE: JCI) has announced its Fourth Quarter Fiscal 2024 Earnings Conference Call, scheduled for Wednesday, Nov. 6, 2024, at 8:30 a.m. ET. Investors can access the conference call via webcast at the company's investor relations website or by telephone. A slide presentation will be available for download on the morning of the call.
The live webcast will be accessible at http://investors.johnsoncontrols.com/news-and-events/events-and-presentations. For those who prefer to listen or ask questions by phone, the dial-in numbers are 833-816-1266 (US) or +1-412-317-5636 (international).
For those unable to attend the live event, a replay will be available via webcast on the same website. A telephone replay can be accessed by dialing 877-344-7529 (US) or +1-412-317-0088 (international) with passcode 7942084, available from 10:30 a.m. ET on Nov. 6, 2024, until 11:59 p.m. ET on Nov. 13, 2024.
Sensormatic Solutions, part of Johnson Controls (NYSE: JCI), released its 2024 U.S. Holiday Consumer Sentiment Survey, revealing key insights for retailers this holiday season. 54% of U.S. consumers plan to shop in-store on Black Friday weekend, with many starting their holiday shopping before November. The survey highlights that in-store experiences, such as browsing for gift ideas and seeing products in person, are major motivators for shoppers.
Key findings include:
- 48% of shoppers plan to spend more this holiday season
- Finances (52%) and promotion timing (47%) are the top factors influencing shopping start times
- 69% of shoppers value visible security measures in stores
- 42% plan to use BOPIS (Buy Online, Pickup In-Store) options
Retailers are advised to focus on creating seamless experiences, offering well-planned promotions, and ensuring efficient omnichannel options to succeed this holiday season.
Sensormatic Solutions, part of Johnson Controls (NYSE: JCI), has announced a collaboration with pass_by to enhance shopper mobility insights for retailers. This partnership integrates pass_by's AI-powered shopper mobility data with Sensormatic's in-store traffic data, providing a comprehensive view of the entire path to purchase. The collaboration aims to help retailers:
- Foster operational excellence by optimizing staffing and floor design
- Benchmark stores and understand competitive performance
- Determine optimal locations for expansion
The integration offers retailers access to pass_by's almanac platform, which provides historical and predictive insights for any U.S.-based store. This collaboration extends the value of retail analytics beyond traditional bounds, enabling retailers to make data-driven decisions and plan for the future with confidence.
Johnson Controls (NYSE:JCI) released a new report highlighting the importance of smart buildings for commercial real estate and retail leaders. The report, based on a Forrester Consulting study, reveals that 75% of leaders consider smart buildings important for digital transformation. Nearly two-thirds believe smart buildings are important for reducing costs, accelerating sustainability initiatives, and driving business growth.
Key findings include:
- Smart buildings are a competitive differentiator
- Only 13% of leaders have fully integrated building systems
- Building data is important for decision-making across departments
- Leaders seek partners with advanced technology and industry experience
Johnson Controls' OpenBlue ecosystem offers connected technologies and services to optimize building performance and drive value for customers.
Johnson Controls has launched Metasys 14.0, an update to its Building Automation System (BAS) for commercial, industrial, and institutional buildings. This new version offers:
- Improved energy management with next-generation analytics tools
- Enhanced network efficiency and flexibility
- Increased security features including single sign-on
- Simplified administration and user interface
- Support for up to 800 IP devices directly integrated with ADS and ADX servers
The update introduces a continual release model for new functionality. Test customers, including the University of Minnesota, have praised the system's new capabilities, such as BACnet client communication and IPv6 support.
Sensormatic Solutions, part of Johnson Controls (NYSE: JCI), has released its predictions for the top busiest shopping days of the 2024 holiday season globally. In the United States, Black Friday (Nov. 29), Super Saturday (Dec. 21), and the Monday before Christmas (Dec. 23) are expected to be the busiest days. The top 10 busiest shopping days typically account for 30-40% of all holiday retail traffic in the U.S.
Sensormatic Solutions predicts U.S. in-store traffic will be relatively flat, down no more than -3% year-over-year. The company emphasizes the importance of leveraging traffic data for retailers to optimize staffing, stock, and promotions during peak days. The compressed holiday season is expected to impact total shopping visits, as consumers will have fewer opportunities to shop.
FAQ
What is the current stock price of Johnson Controls International plc (JCI)?
What is the market cap of Johnson Controls International plc (JCI)?
What does Johnson Controls International plc do?
How many countries does Johnson Controls operate in?
What are the main revenue segments for Johnson Controls?
What recent achievements has Johnson Controls reported?
What are some current projects Johnson Controls is involved in?
How is Johnson Controls performing financially?
What is Johnson Controls' commitment to sustainability?
How many employees does Johnson Controls have?
What is the latest news about Johnson Controls?
Where can I find more information about Johnson Controls?
