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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) announced the rollout of its OpenBlue digital platform across Derwent London's properties, representing 55% of its estate. This partnership aims to enhance operational efficiency, sustainability, and occupant experiences. After a successful pilot at the White Collar Factory, Derwent London will utilize OpenBlue technologies, including Enterprise Manager and Central Utility Plant optimization, to improve energy management and tenant satisfaction. The collaboration aligns with Derwent's commitment to becoming a net zero carbon business by 2030.
Johnson Controls (NYSE: JCI) has been awarded the 2021 Terra Carta Seal, recognizing its commitment to sustainability and innovation. The Terra Carta Seal is an honor given to companies demonstrating efforts toward sustainable markets, with a goal of achieving net zero emissions by 2040. Johnson Controls has reduced emissions intensity by over 70% since 2002 and has helped customers save over 30.6 million tons of CO2 and $6.6 billion through energy savings. The award underscores the company's leadership in fostering sustainable practices in building technology.
Johnson Controls International (NYSE: JCI) announced that its Executive Vice President, Michael Ellis, and Chief Technology Officer, Vijay Sankaran, will present at the Wolfe Research Industrial Growth & Technology Conference on November 15, 2021, at 2:25 p.m. EST. A live webcast of the presentation will be available on the company's website. With over 135 years of innovation, Johnson Controls aims to redefine the performance of buildings. The company operates globally, focusing on smart and sustainable solutions for various industries.
Johnson Controls International plc (NYSE: JCI) will have Chairman and CEO George Oliver present at the Deutsche Bank Industrials Conference on November 16, 2021, at 9:00 a.m. EST. A live webcast of the presentation will be accessible on the company's website. Johnson Controls, a leader in smart and sustainable buildings, provides innovative solutions across various industries through its OpenBlue digital platform. With over 135 years of experience and a workforce of 100,000 in more than 150 countries, Johnson Controls aims to enhance building performance for people and the planet.
Johnson Controls International plc (NYSE: JCI) will be represented by CFO Olivier Leonetti at the Baird 2021 Global Industrial Conference on November 10, 2021, at 9:40 a.m. EST. A live webcast of the presentation will be accessible through the company's website, offering insights into their ongoing initiatives in smart and sustainable buildings.
With over 135 years of innovation, Johnson Controls leads in building technology and services, employing a global team of 100,000 professionals across more than 150 countries. For more details, visit www.johnsoncontrols.com.
On October 28, 2021, Johnson Controls (NYSE: JCI) urged global leaders to adopt bold climate policies at the COP26 Climate Conference. Supporting an open letter from the Alliance of CEO Climate Leaders, the company highlighted the need for urgent action to limit global warming to 1.5°C and achieve net-zero emissions by 2050. Johnson Controls emphasized the potential of technologies like OpenBlue to significantly reduce carbon emissions from buildings, which account for 40% of global CO2 emissions. The company is committed to cutting operational emissions by 55% by 2030 and has also issued a Sustainability Linked Bond to further its carbon reduction goals.
Johnson Controls (NYSE: JCI) announced its Glendale, Wisconsin campus has been designated a historical landmark by the Milwaukee County Historical Society. The campus reflects the company's commitment to sustainability, having achieved LEED Platinum certification in 2010. Notable achievements include a 21% reduction in energy usage and the generation of 827,000 pounds of greenhouse gas emissions saved annually through solar energy. This recognition highlights Johnson Controls' role in promoting economic growth and environmental stewardship in Milwaukee County.
Johnson Controls International plc (NYSE: JCI) will host its Fourth Quarter Fiscal 2021 Earnings Conference Call on November 5, 2021, at 8:30 a.m. EDT. Investors can join via a live webcast accessed through the company's investor relations website or by telephone. A replay of the call will be available after the event. With a focus on transforming environments for improved sustainability, Johnson Controls showcases its extensive portfolio in building technologies through its OpenBlue platform.
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