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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.
On April 26, 2023,
A live webcast of the event will be accessible on the company's website. Johnson Controls is a leader in creating smart, sustainable buildings and aims to enhance the performance of buildings globally.
The company leverages nearly 140 years of innovation to deliver solutions for diverse sectors including healthcare and education, supported by its digital platform, OpenBlue.
On April 25, 2023, Johnson Controls International (NYSE: JCI) announced its participation in the Oppenheimer 18th Annual Industrial Growth Conference, scheduled for May 9, 2023, at 10:30 a.m. EDT. The event will be hosted virtually, featuring Olivier Leonetti, Executive Vice President and CFO of the company.
A live webcast of the presentation can be accessed on the company's official website. Johnson Controls, a leader in smart and sustainable building solutions, aims to transform environments to enhance human experience while supporting the planet.
With 100,000 professionals in over 150 countries, Johnson Controls provides extensive building technology and service solutions, driving innovation for various sectors including healthcare, education, and manufacturing.
Johnson Controls has announced a partnership with Nucor to establish a closed-loop steel recycling program in the US. This initiative aims to recycle nearly 100% of secondary scrap steel from Johnson Controls' facilities, amounting to thousands of tons annually. Over 70% of the steel sourced by Johnson Controls in the US comes from recycled materials, contributing to a significant reduction in embodied carbon. Nucor will utilize electric arc furnace (EAF) technology for remelting the scrap steel, which emits approximately 75% less emissions compared to traditional methods. This program aligns with Johnson Controls' commitment to sustainability and decarbonization, which includes being a founding member of the First Movers Coalition.
Johnson Controls International plc (NYSE: JCI) has scheduled its Second Quarter Fiscal 2023 Earnings Conference Call for May 5, 2023, at 8:30 a.m. ET. Investors can join the call via live webcast or telephone. A slide presentation will also be available for download during the call. A replay of the call will be accessible via webcast and telephone for a limited time after the live event. Johnson Controls continues to focus on transforming building environments with its digital solutions and services, enhancing the sustainability and health of buildings globally. The company boasts a team of 100,000 experts across more than 150 countries, committed to providing advanced building technology.
Johnson Controls (NYSE:JCI) has appointed Julie Brandt as the new vice president and president of Building Solutions North America, effective immediately. With over 27 years of experience in leading profitable businesses, Brandt will oversee JCI's $9B direct-channel operations in North America. She aims to enhance market leadership and operational excellence by providing innovative solutions for diverse sectors, including healthcare and education. Brandt succeeds Nate Manning, who now manages Global Field Operations across APAC, EMEALA, and North America. Her previous role was at Otis Elevator Company, where she held full P&L responsibility. Brandt holds an MBA from Indiana University and leadership certifications from Harvard Business School.
On April 4, 2023, Johnson Controls (NYSE: JCI) announced its designation as a WELL Enterprise Provider by the International WELL Building Institute (IWBI). This designation will enhance its commitment to health and wellness in buildings, helping clients meet ESG goals and implement effective workplace policies. Both U.S. and China headquarters have renewed their WELL Health-Safety Rating for facility management. The initiative emphasizes health standards in indoor environments, particularly important as companies adapt to hybrid work models.
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