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Johnson Controls International plc - JCI STOCK NEWS

Welcome to our dedicated page for Johnson Controls International plc news (Ticker: JCI), a resource for investors and traders seeking the latest updates and insights on Johnson Controls International plc stock.

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.
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Johnson Controls, through its Sensormatic Solutions, reported a -28.3% decline in physical store visits on Black Friday compared to pre-pandemic levels in 2019, although this reflects a 47.5% increase from 2020. Shopper traffic on Thanksgiving Day also saw a significant drop of -90.4% compared to 2019. The company noted that ongoing supply chain issues have encouraged consumers to shop early. Despite the decline, 65% of U.S. consumers plan to shop in-store for product interaction this season, and overall in-store traffic may decrease by -10% to -15% compared to 2019.

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Johnson Controls International plc (NYSE: JCI) will participate in the Credit Suisse Global Industrials Conference on December 3, 2021, at 8:50 a.m. EST. Executive Vice President and CFO Olivier Leonetti will engage in a virtual fireside chat. A live webcast of the presentation can be accessed on the company's official website. Johnson Controls, a leader in smart and sustainable buildings, aims to enhance the performance of various industries worldwide.

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Johnson Controls (NYSE: JCI) announced a collaboration with Canada's Department of National Defence (DND) to enhance infrastructure and achieve decarbonization at Canadian Forces Base Halifax. The project aims for a 23% reduction in greenhouse gas emissions and estimated annual savings of CA$3M. This initiative, valued at CA$53M, will optimize energy use across 112 buildings. The upgrades include modernizing systems for energy efficiency and installing low-carbon technologies to support the Canadian government's Greening Government Strategy, aiming for net-zero operations by 2050.

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Johnson Controls International (NYSE: JCI) reported a solid fiscal Q4 2021, with GAAP EPS of $0.38 and adjusted EPS of $0.88, reflecting a 16% increase year-over-year. Sales rose by 7% to $6.4 billion, while adjusted net income increased 12% to $628 million. The company's EBIT margin was 13.3%, with free cash flow from continuing operations reaching $2 billion. CEO George Oliver emphasized growth in backlogs and the impact of their innovative OpenBlue digital platform. Fiscal 2022 guidance forecasts organic revenue growth of mid-to-high single digits and adjusted EPS growth of 22-25%.

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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.

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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.

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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.

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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.

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FAQ

What is the current stock price of Johnson Controls International plc (JCI)?

The current stock price of Johnson Controls International plc (JCI) is $80.31 as of December 23, 2024.

What is the market cap of Johnson Controls International plc (JCI)?

The market cap of Johnson Controls International plc (JCI) is approximately 52.8B.

What does Johnson Controls International plc do?

Johnson Controls International plc manufactures, installs, and services HVAC systems, building management systems, industrial refrigeration units, and fire and security solutions. The company also focuses on creating intelligent buildings and efficient energy solutions.

How many countries does Johnson Controls operate in?

Johnson Controls operates in more than 150 countries worldwide.

What are the main revenue segments for Johnson Controls?

Commercial HVAC accounts for over 45% of sales, fire and security represent roughly 40% of sales, and residential HVAC, industrial refrigeration, and other solutions make up the remaining 15% of revenue.

What recent achievements has Johnson Controls reported?

Johnson Controls reported fiscal first-quarter 2024 GAAP earnings per share of $0.55 and adjusted EPS of $0.51, with sales of $6.1 billion. The company also appointed Marc Vandiepenbeeck as CFO.

What are some current projects Johnson Controls is involved in?

Johnson Controls recently integrated FM:Systems to enhance its workplace management solutions portfolio. This acquisition aims to provide customers with data-backed clarity to make strategic real estate decisions.

How is Johnson Controls performing financially?

Johnson Controls continues to show resilience and adaptability, with a positive outlook for fiscal 2024. The company reported nearly $27 billion in revenue for fiscal 2023 and maintains strong financial management strategies.

What is Johnson Controls' commitment to sustainability?

Johnson Controls has a long-standing commitment to sustainability, dating back to its roots in 1885 with the invention of the first electric room thermostat. The company focuses on creating smart, healthy, and sustainable buildings.

How many employees does Johnson Controls have?

Johnson Controls has a workforce of 120,000 employees.

What is the latest news about Johnson Controls?

Recent news includes the release of the 2023 Inside the Workplace survey by FM:Systems, fiscal first and second-quarter 2024 financial results, and a tender offer to purchase cash debt securities.

Where can I find more information about Johnson Controls?

You can visit the official website at www.johnsoncontrols.com for more information.

Johnson Controls International plc

NYSE:JCI

JCI Rankings

JCI Stock Data

52.85B
659.69M
0.32%
91.85%
1.5%
Building Products & Equipment
Air-cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip
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United States of America
CORK