Johnson Controls International plc - JCI STOCK NEWS

Johnson Controls is enhancing residential energy efficiency by offering financing options and rebates to help homeowners access higher-efficiency HVAC systems. The initiatives align with the Inflation Reduction Act, which allocates $370 billion for climate and energy, aiming to cut energy costs by up to 50%. This program includes tax credits, rebates, and state incentives to substantially lower upgrade costs. Johnson Controls also commits to achieving net-zero emissions by 2040 while supporting customers in reducing their carbon footprint.

Johnson Controls has been awarded the 2022 North America Customer Value Leadership Award by Frost & Sullivan for its innovative connected chiller solutions. Leveraging AI and advanced sensors, Johnson Controls enhances chiller performance and energy savings between 5-20%. Its OpenBlue digital platform enables real-time monitoring and predictive analytics, significantly reducing downtime by 50%. This proactive management approach aims to improve asset longevity and operational efficiency, aligning with sustainability goals. The recognition highlights Johnson Controls' commitment to delivering value through advanced technology and customer-centric solutions.

The board of directors of Johnson Controls International plc (NYSE: JCI) has declared a quarterly cash dividend of $0.35 per common share. This dividend will be payable on Oct. 14, 2022, to shareholders who are on record as of the close of business on Sept. 26, 2022. Notably, Johnson Controls has maintained a consistent dividend payment since 1887, showcasing its long-standing commitment to returning value to shareholders.

Johnson Controls' Sensormatic Solutions has launched an innovative computer vision analytics platform aimed at enhancing retail operations. This technology uses existing video infrastructure to provide real-time insights for loss prevention, shopper behavior, and inventory management. Key features include shelf sweep detection and vehicle monitoring, which help retailers mitigate theft and improve customer experiences. With growing interest in AI-driven solutions, 43% of retail leaders already utilize AI for video analytics, while 31% plan to adopt it soon.

On August 25, 2022, Johnson Controls (NYSE: JCI) announced the pricing of €600 million senior notes due 2028. The funds raised will be used for corporate purposes, including repaying near-term debt and potential acquisitions. The offering is co-issued by Tyco Fire & Security Finance, S.C.A., with closing expected on September 7, 2022. Major banks involved include J.P. Morgan and BBVA. This issuance is part of an effective shelf registration statement.

On August 25, 2022, Johnson Controls (NYSE: JCI) announced a framework agreement with Nozomi Networks to enhance cybersecurity for smart buildings. This investment underscores Johnson Controls' commitment to integrating Nozomi's advanced security tools within its OpenBlue platform.

The partnership aims to strengthen cybersecurity across various sectors, including energy and manufacturing. Johnson Controls has previously invested in Nozomi's $100 million funding round, highlighting its dedication to building safe and efficient digital environments.

Johnson Controls (NYSE: JCI) has partnered with 3Degrees to enhance its Renewable Services business. This collaboration aims to accelerate net zero goals by offering carbon reduction services, including Renewable Energy Certificate transactions and climate advisory services. The initiative is part of Johnson Controls' OpenBlue Net Zero Buildings, providing comprehensive solutions for building emissions, which account for 40% of global emissions. This partnership addresses the urgent need for organizations to meet net zero targets as per the UN Paris Agreement.

Johnson Controls (NYSE: JCI) has partnered with Microsoft Beijing Campus to enhance building operations, achieving 27.9% energy savings and over 98% uptime for key equipment. This collaboration underscores a commitment to sustainable development goals, leveraging AI through the OpenBlue platform for improved energy efficiency and user experience. The Beijing Municipal Government has endorsed the project, granting financial support in recognition of its achievements in energy savings. The initiative aligns with China's carbon neutrality targets for 2060.

Johnson Controls International reported GAAP EPS of $0.55 and Adjusted EPS of $0.85 for Q3 2022, reflecting a 3% increase year-over-year. Sales reached $6.6 billion, a 4% increase compared to the prior year, with 8% organic growth. The company achieved a record field backlog of $11.1 billion, up 13% organically year-over-year. Share repurchases totaled approximately $400 million for the quarter and $1.4 billion year-to-date. Adjusted EPS guidance for FY 2022 was refined to $2.98 to $3.02, accounting for foreign exchange headwinds.