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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 March 15, 2023, Johnson Controls (NYSE: JCI) was honored as one of the World's Most Ethical Companies by Ethisphere, marking its 16th recognition. This year, 135 honorees from 19 countries and 48 industries were acknowledged for their commitment to ethical practices.
CEO George Oliver expressed pride in the company's culture of integrity and ethical behavior, emphasizing its importance for employee empowerment and business value. Ethisphere's assessment process evaluates organizations based on culture, governance, and social responsibility, showcasing the benefits of ethical practices in long-term business performance.
Johnson Controls (NYSE: JCI) has launched the OpenBlue Net Zero Advisor, a digital platform designed to help building owners assess and manage their carbon emissions. This tool enables accurate reporting and compliance with mandatory climate disclosures, critical for achieving net zero targets. It aggregates data from utility bills and local emissions factors to calculate and track scope 1 and 2 emissions, facilitating transparent reporting across an organization’s global portfolio. Available as a subscription service, the Net Zero Advisor aims to streamline emissions management and support businesses in meeting regional and global sustainability standards.
On March 8, 2023, Johnson Controls International (NYSE: JCI) announced a quarterly dividend increase to
Sensormatic Solutions, a division of Johnson Controls (NYSE:JCI), showcased its advanced storefront visibility solution at EuroShop 2023. The system integrates intelligent sensors and AI to enhance shopping experiences while ensuring security. It offers retailers real-time data, improving customer satisfaction through better inventory management and staffing alignment. Key benefits include optimizing associate scheduling, reducing out-of-stock incidents, and strengthening loss prevention efforts. The solution aims to empower retailers with predictive insights, enhancing operational excellence and shopper engagement.
Johnson Controls International plc (NYSE: JCI) announced its participation at the J.P. Morgan 2023 Industrials Conference on March 14, 2023, at 11:20 a.m. EDT in New York City. Executive Vice President and CFO Olivier Leonetti will lead the presentation. A live webcast will be accessible on the company's official website. Johnson Controls is a leader in smart, healthy, and sustainable buildings and has a skilled workforce of 100,000 across more than 150 countries. The company focuses on innovating building technologies and solutions for various industries.
Johnson Controls' Sensormatic Solutions received the ‘Top Supplier Retail 2023’ award from adidas aG for their innovative in-store technology solutions. This recognition was presented at the ReTa awards during EuroShop, highlighting the company’s commitment to enhancing customer journeys through predictive insights and data-driven solutions. Sensormatic's Visual Line Up technology aids retailers like adidas in understanding customer behavior, thus optimizing store design and improving brand performance. The award underscores Sensormatic's pivotal role in addressing modern retail challenges and enhancing shopper engagement across various touchpoints.
Sensormatic Solutions, part of Johnson Controls (NYSE:JCI), reported significant success after its Inventory Intelligence solution using RFID technology was implemented by Brazilian retailer Renner. Since the deployment in 2019, Renner experienced an 87% reduction in stockouts and a 64% increase in inventory accuracy. Over 500 million products have been tagged with RFID, facilitating more than 4 million daily item-level readings. The system enhances data visibility across omnichannel operations, streamlining inventory processes and improving customer experience.
Sensormatic Solutions, a retail solutions portfolio of Johnson Controls (NYSE:JCI), will showcase its computer vision analytics technology at EuroShop 2023 from February 26 to March 2. This technology uses advanced deep learning algorithms to assist retailers in optimizing labor allocation, enhancing loss prevention, and improving shopper experiences. Notable features include behavior detection, operational insights to allocate labor effectively, and proactive loss prevention measures. These solutions utilize existing video infrastructures, offering cost-effective deployment for retailers.
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