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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.
Johnson Controls (NYSE:JCI) has appointed Anu Rathninde as vice president and president of Asia Pacific, succeeding Visal Leng. Rathninde brings extensive leadership experience, having previously overseen a large engineering team at Aptiv and held key roles at Delphi and Johnson Electric. His leadership will focus on furthering growth strategies, particularly in China and the Asia Pacific region, while advancing innovation through the OpenBlue digital platform aimed at delivering sustainable building solutions. Rathninde will report to CEO George Oliver and be based in Shanghai.
Johnson Controls (NYSE:JCI) has launched an innovative Privacy Center to enhance transparency regarding data privacy and security in compliance with global laws. This platform provides Data Privacy Sheets detailing product-specific privacy features and addresses common privacy concerns. The company has achieved three certifications recognizing its commitment to privacy excellence, including the Enterprise Privacy Seal and APEC certifications. The Privacy Center aims to set a new industry standard while reinforcing Johnson Controls' dedication to data protection and stakeholder trust.
Johnson Controls International (NYSE: JCI) reported fiscal Q2 2022 results, revealing a GAAP EPS of $0.02 and adjusted EPS of $0.63, up 21% from the previous year. Sales reached $6.1 billion, a 9% increase, with a record backlog of $10.9 billion, up 12% year-over-year. Despite strong growth in orders, supply chain issues have delayed backlog conversion, prompting a revision of adjusted EPS guidance for the year to between $2.95 and $3.05. The company repurchased over $1 billion in shares to date this fiscal year, reinforcing confidence in future growth.
Johnson Controls International plc (NYSE: JCI) will present at the 2022 Goldman Sachs Industrials and Materials Conference on May 11, 2022, at 9:40 a.m. EDT. Chairman and CEO George Oliver will be featured in the presentation, which can be accessed via a live webcast on the company's website. Known for transforming environments into smart, healthy, and sustainable buildings, Johnson Controls leverages its expertise in various industries through OpenBlue, its digital offering.
Johnson Controls (NYSE:JCI) is set to host a webinar on May 17, 2022, at 10:00 a.m. CT, sharing insights from a global sustainability study in partnership with Forrester. The study highlights that 72% of companies prioritize sustainability, with a focus on delivering growth and competitive advantage. Key findings include that sustainability maturity enhances competitive advantage and requires strategic planning. The event aims to guide leaders in achieving sustainability goals effectively.
Johnson Controls has commissioned a heat pump at Vattenfall's Berlin-Buch CHP plant, supporting its goal to eliminate carbon emissions by 2050. This installation is projected to reduce CO2 emissions by 620 tonnes annually while enhancing district heating capacity without additional fossil fuel consumption. The project aligns with the EU's Green Deal and Germany's Energiewende initiative aimed at achieving carbon neutrality by 2050. Johnson Controls continues to innovate in energy-efficient technologies, crucial for meeting growing energy demands and environmental goals.
Johnson Controls (NYSE: JCI) and Cherry Creek School District (CCSD) have launched a $69 million sustainability initiative aimed at reducing carbon emissions by 25% and conserving 1.8 billion gallons of water over 20 years. This project, expected to generate $20 million in net savings, aligns with Colorado's building performance standards. The upgrades will enhance learning environments and operational efficiency through technologies like LED lighting and advanced HVAC systems, integrated via the Johnson Controls OpenBlue platform. The initiative supports equity by contracting 10% Minority- and Women-Owned Business Enterprises.
Johnson Controls International plc (NYSE: JCI) has scheduled its Second Quarter Fiscal 2022 Earnings Conference Call for May 4, 2022, at 8:30 a.m. EDT. Investors can access the live webcast at http://investors.johnsoncontrols.com/news-and-events/events-and-presentations. A replay of the call will be available after it concludes, accessible through the same link. Johnson Controls, a leader in smart building technologies, focuses on enhancing building performance through its digital platform, OpenBlue.
Johnson Controls (NYSE: JCI) has been recognized for a second consecutive year in the FT Climate Leaders list, showcasing its substantial efforts in sustainability. The company has cut its energy and greenhouse gas intensity by over 70% since 2002, and has achieved a 38% reduction in scope 1 and 2 emissions since 2017, eliminating over 415,000 metric tons of CO2e. With initiatives like the OpenBlue digital platform, Johnson Controls is leading in decarbonizing buildings globally, aligning with the EU's ambitious climate goals for 2030 and 2050.
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