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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.
Dedrone has partnered with Johnson Controls (NYSE: JCI) to enhance airspace security by integrating Dedrone’s counter-drone technology into Johnson Controls' security products. This collaboration aims to address unauthorized drone activity threats faced by various sectors, including transportation hubs and public venues. Dedrone’s solutions will be available as cloud-based security services, enabling organizations to track and mitigate drone threats effectively. The integration leverages Open Systems Architecture for seamless compatibility with other security systems.
Johnson Controls International (NYSE: JCI), a leader in smart, sustainable buildings, is set to present at the 2022 Baird Global Industrial Conference in Chicago. The event will take place on November 10, 2022, at 10:50 a.m. CST. A live webcast will be available on their website. Johnson Controls specializes in transforming environments to enhance the performance of buildings.
Johnson Controls International (NYSE: JCI) has scheduled its Fourth Quarter Fiscal 2022 Earnings Conference Call for November 3, 2022, at 8:30 a.m. ET. The live webcast can be accessed via their investor relations page, and a slide presentation will be available that morning. A replay will also be offered through webcast and telephone until November 10, 2022. Johnson Controls is a leader in building technology and services, leveraging innovation for industries like healthcare and data centers.
Johnson Controls (NYSE:JCI) is offering emergency rebates for HVAC equipment to homeowners in Florida, South Carolina, and North Carolina impacted by Hurricane Ian. Rebates, ranging up to $425, are available for YORK®, Luxaire®, Coleman®, Champion®, and Fraser-Johnston® brands installed between October 1 and December 31, 2022. Homeowners can apply for rebates online, with amounts based on equipment efficiency. This initiative aims to aid recovery efforts in designated FEMA Disaster Areas following the storm's devastation.
Johnson Controls (NYSE: JCI) has been recognized in the 2022 Fortune Change the World list for its innovative OpenBlue solutions, particularly the OpenBlue Net Zero Buildings as a Service offering. This solution aids customers in achieving their net zero goals by using a performance-based service model. Buildings account for around 40% of global emissions, making sustainable technology integral to future developments. Johnson Controls aims to drive sustainability and operational efficiency across various sectors.
Sensormatic Solutions, part of Johnson Controls (NYSE:JCI), forecasts the busiest shopping days for the 2022 holiday season. Key predictions for Asia Pacific indicate Christmas Day will be the peak shopping day in Hong Kong, Singapore, and South Korea, with Boxing Day in Australia and New Zealand following close behind. The predictions stem from data analytics via the Sensormatic IQ platform, highlighting an expected increase in shopper traffic this year due to relaxed COVID-19 policies. Retailers are encouraged to optimize operations to meet rising consumer expectations.
Sensormatic Solutions, a leading retail solutions provider under Johnson Controls (NYSE:JCI), forecasts the busiest shopping days for the 2022 holiday season. Key dates include Black Friday (Nov. 25), the Friday before Christmas (Dec. 23), and the day after Christmas (Dec. 26). The anticipated increase in shopper traffic is attributed to economic conditions and the timing of Christmas Day. The top ten shopping days in the U.S. represent about 40% of all holiday traffic, with historical data assisting retailers in optimizing their operations and enhancing customer experiences.
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