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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 Richard Lek as vice president and president of Building Solutions EMEALA (Europe, Middle East, Africa, and Latin America), effective November 4, 2024. Lek, who has over 20 years of experience at Johnson Controls, succeeds Marc Vandiepenbeeck, who continues as executive vice president and CFO. In his previous role as VP & general manager of Continental Europe, Lek achieved double-digit return on sales and operational efficiency improvements. Based in Rotterdam, he will lead the execution of go-to-market strategy in EMEALA and focus on capturing new growth opportunities.
Johnson Controls International plc (NYSE: JCI) has announced its Fourth Quarter Fiscal 2024 Earnings Conference Call, scheduled for Wednesday, Nov. 6, 2024, at 8:30 a.m. ET. Investors can access the conference call via webcast at the company's investor relations website or by telephone. A slide presentation will be available for download on the morning of the call.
The live webcast will be accessible at http://investors.johnsoncontrols.com/news-and-events/events-and-presentations. For those who prefer to listen or ask questions by phone, the dial-in numbers are 833-816-1266 (US) or +1-412-317-5636 (international).
For those unable to attend the live event, a replay will be available via webcast on the same website. A telephone replay can be accessed by dialing 877-344-7529 (US) or +1-412-317-0088 (international) with passcode 7942084, available from 10:30 a.m. ET on Nov. 6, 2024, until 11:59 p.m. ET on Nov. 13, 2024.
Sensormatic Solutions, part of Johnson Controls (NYSE: JCI), released its 2024 U.S. Holiday Consumer Sentiment Survey, revealing key insights for retailers this holiday season. 54% of U.S. consumers plan to shop in-store on Black Friday weekend, with many starting their holiday shopping before November. The survey highlights that in-store experiences, such as browsing for gift ideas and seeing products in person, are major motivators for shoppers.
Key findings include:
- 48% of shoppers plan to spend more this holiday season
- Finances (52%) and promotion timing (47%) are the top factors influencing shopping start times
- 69% of shoppers value visible security measures in stores
- 42% plan to use BOPIS (Buy Online, Pickup In-Store) options
Retailers are advised to focus on creating seamless experiences, offering well-planned promotions, and ensuring efficient omnichannel options to succeed this holiday season.
Sensormatic Solutions, part of Johnson Controls (NYSE: JCI), has announced a collaboration with pass_by to enhance shopper mobility insights for retailers. This partnership integrates pass_by's AI-powered shopper mobility data with Sensormatic's in-store traffic data, providing a comprehensive view of the entire path to purchase. The collaboration aims to help retailers:
- Foster operational excellence by optimizing staffing and floor design
- Benchmark stores and understand competitive performance
- Determine optimal locations for expansion
The integration offers retailers access to pass_by's almanac platform, which provides historical and predictive insights for any U.S.-based store. This collaboration extends the value of retail analytics beyond traditional bounds, enabling retailers to make data-driven decisions and plan for the future with confidence.
Johnson Controls (NYSE:JCI) released a new report highlighting the importance of smart buildings for commercial real estate and retail leaders. The report, based on a Forrester Consulting study, reveals that 75% of leaders consider smart buildings important for digital transformation. Nearly two-thirds believe smart buildings are important for reducing costs, accelerating sustainability initiatives, and driving business growth.
Key findings include:
- Smart buildings are a competitive differentiator
- Only 13% of leaders have fully integrated building systems
- Building data is important for decision-making across departments
- Leaders seek partners with advanced technology and industry experience
Johnson Controls' OpenBlue ecosystem offers connected technologies and services to optimize building performance and drive value for customers.
Johnson Controls has launched Metasys 14.0, an update to its Building Automation System (BAS) for commercial, industrial, and institutional buildings. This new version offers:
- Improved energy management with next-generation analytics tools
- Enhanced network efficiency and flexibility
- Increased security features including single sign-on
- Simplified administration and user interface
- Support for up to 800 IP devices directly integrated with ADS and ADX servers
The update introduces a continual release model for new functionality. Test customers, including the University of Minnesota, have praised the system's new capabilities, such as BACnet client communication and IPv6 support.
Sensormatic Solutions, part of Johnson Controls (NYSE: JCI), has released its predictions for the top busiest shopping days of the 2024 holiday season globally. In the United States, Black Friday (Nov. 29), Super Saturday (Dec. 21), and the Monday before Christmas (Dec. 23) are expected to be the busiest days. The top 10 busiest shopping days typically account for 30-40% of all holiday retail traffic in the U.S.
Sensormatic Solutions predicts U.S. in-store traffic will be relatively flat, down no more than -3% year-over-year. The company emphasizes the importance of leveraging traffic data for retailers to optimize staffing, stock, and promotions during peak days. The compressed holiday season is expected to impact total shopping visits, as consumers will have fewer opportunities to shop.
Johnson Controls International plc (NYSE: JCI), a global leader in smart, healthy, and sustainable buildings, has announced a regular quarterly dividend of $0.37 per share of common stock. The dividend will be payable on October 18, 2024, to shareholders of record at the close of business on September 25, 2024. This announcement continues Johnson Controls' impressive streak of consecutive dividend payments since 1887, highlighting the company's long-standing commitment to shareholder returns and financial stability.
Sensormatic Solutions, a Johnson Controls (NYSE: JCI) portfolio, has partnered with HappyOrNot to launch the Brand Vitality Meter, a new offering that combines customer satisfaction data with traffic insights to enhance store performance. This collaboration aims to help retailers optimize their locations by merging shopper feedback from HappyOrNot's Smiley devices with Sensormatic's traffic data.
The Brand Vitality Meter focuses on three key areas: customer experience, shopper sentiments, and store performance. It provides retailers with actionable insights to improve customer journeys, align labor allocation with traffic flow, and understand the impact of customer satisfaction on store performance. This holistic approach enables retailers to connect customer satisfaction scores with important metrics such as sales, conversion rates, and average transaction sizes.
Johnson Controls International plc (NYSE: JCI) reported solid Q3 fiscal 2024 results, with sales increasing 1% to $7.2 billion and organic growth of 3%. The company achieved GAAP EPS of $1.45 and adjusted EPS of $1.14. Notably, orders grew 5% organically year-over-year, and the Building Solutions backlog increased 10% organically to $12.9 billion.
Key highlights include:
- Building Solutions North America: 9% sales growth, 8% organic growth
- Building Solutions EMEA/LA: 3% sales growth, 8% organic growth
- Building Solutions Asia Pacific: 22% sales decline, 19% organic decline
- Global Products: Flat sales, 3% organic growth
The company has tightened its full-year fiscal 2024 guidance, reflecting confidence in continued growth and value creation.
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