Johnson Controls International plc - JCI STOCK NEWS

Johnson Controls International plc (NYSE: JCI) will present at the Barclays Industrial Select Conference on February 22, 2023, at 8:35 a.m. EST, in Miami Beach, Florida. The Chairman and CEO, George Oliver, will lead the presentation. A live webcast of the event will be accessible on the company's website. Johnson Controls is a leader in creating smart, healthy, and sustainable buildings, with a workforce of 100,000 experts across over 150 countries. The company focuses on transforming environments to enhance performance in various sectors including healthcare and education through its innovative digital platform, OpenBlue.

Johnson Controls has launched the Johnson Controls Academy, a six-week training program aimed at addressing the skilled labor gap in the building technology sector. Based at Lincoln Tech's campus in Columbia, Maryland, the academy provides housing and relocation assistance to participants, helping them transition to employment at Johnson Controls locations across the U.S. Each year, the program seeks to onboard approximately 130 new technicians. The initiative is essential as the industry faces an expected 10,000 job openings annually over the next decade due to retiring professionals. Graduates are equipped with the necessary digital and technical skills for today’s job market.

Johnson Controls International plc (NYSE: JCI) reported its fiscal Q1 2023 results, showcasing a 4% increase in sales to $6.1 billion and a 9% organic growth. GAAP EPS was $0.17, while adjusted EPS rose 24% to $0.67. The company saw a 5% increase in orders year-over-year, leading to a record backlog of $11.3 billion, up 11% organically. Johnson Controls is optimistic about its fiscal Q2 and has updated its full-year guidance, emphasizing strong operational execution and a focus on service-based business growth.

Johnson Controls (NYSE: JCI) has been recognized by Corporate Knights as one of the World's 100 Most Sustainable Corporations for the ninth consecutive year. The company ranked #1 in HVAC equipment manufacturing and #17 overall among 27 peers. Johnson Controls aims to achieve net zero Scope 1 and 2 carbon emissions by 2040, with significant commitments including sourcing 100% renewable energy and investing 75% of new R&D in climate-related innovations by 2030. The recognition underscores the company's dedication to delivering smart, healthy, and sustainable buildings.

Johnson Controls has teamed up with Zliide to enhance self-checkout solutions in retail. This partnership merges Zliide's mobile technology with Sensormatic's loss prevention expertise, aimed at creating secure and convenient shopping experiences. Key features include:

• Instant mobile checkouts
• Endless aisles for out-of-stock items
• No-contact checkout for tagged items
• User-friendly experience without app downloads
• Personalized recommendations
• Item insights for better product understanding

The integration of data from Zliide into Sensormatic IQ promises advanced insights for retailers.

Sensormatic Solutions, part of Johnson Controls (NYSE:JCI), showcased its computer vision analytics at the 2023 NRF Big Show. The technology utilizes deep learning algorithms to optimize labor, enhance loss prevention, and improve shopper experiences. Key features include automating tasks to reallocate labor effectively, insights into shopper behavior for better merchandising, and proactive loss prevention through real-time monitoring. The system leverages existing video infrastructure, allowing retailers to maximize the capabilities of their current setups. Sensormatic aims to empower retailers to drive sales, reduce risks, and elevate customer service.

Johnson Controls (NYSE: JCI) has acquired Hybrid Energy AS, a provider of high-temperature energy management solutions, enhancing its industrial heat pump portfolio. This acquisition aims to address the growing demand for high-temperature heat pumps in district heating and industrial markets, particularly in Europe. With patented technology capable of achieving temperatures above 100 degrees Celsius using ultra-low GWP natural refrigerants, this move supports sustainability and decarbonization efforts. Although exact financial terms were not disclosed, the acquisition positions JCI strategically in a rapidly growing market, aligning with EU goals to reduce greenhouse gas emissions.

Sensormatic Solutions, a division of Johnson Controls (NYSE:JCI), will showcase advanced analytics and AI-driven solutions at the 2023 NRF Big Show, held January 14-17. The focus will be on the Sensormatic IQ platform, integrating data to enhance retail operations. Key offerings include Inventory Intelligence using RFID technology, loss prevention analytics, improved shopper experiences, and optimizing store performance. This initiative aims to address evolving shopper preferences and enhance operational efficiency for retailers.

Johnson Controls International plc (NYSE: JCI) has announced its First Quarter Fiscal 2023 Earnings Conference Call scheduled for February 1, 2023, at 8:30 a.m. ET. This conference will provide insights into the company's latest financial performance and strategic developments. Investors can access the call live via webcast or by telephone. A replay will be available post-event. Johnson Controls aims to enhance building performance through innovative solutions, backed by a global team of 100,000 professionals.