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Johnson Controls International plc - JCI STOCK NEWS

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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.
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H.I.G. Capital announced the sale of its portfolio company, Hart & Cooley, to DuraVent, a leading manufacturer in the venting products industry. The sale, whose terms remain undisclosed, follows H.C.'s strategic focus on markets where it holds a competitive edge. Hart & Cooley has a rich history since 1901, offering a diverse range of HVAC products. The acquisition aims to unify both companies, enhancing their market presence in the air distribution sector. H.I.G. Capital has over $45 billion in equity capital managed globally.

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Johnson Controls (NYSE: JCI) collaborated with 894 U.S. higher education institutions in Q3 2021, implementing healthy building strategies for safe campus reopening in fall 2021. Utilizing its OpenBlue Healthy Buildings offerings, the company supported schools in enhancing air quality and safety, thereby promoting student wellness and achievement. With a focus on long-term revenue recovery, Johnson Controls emphasized that healthy environments will attract health-conscious applicants and donors. This initiative is a crucial step in addressing pandemic-related challenges while continuing sustainability efforts in education.

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Johnson Controls (NYSE: JCI) has appointed Marlon Sullivan as the new executive vice president and chief human resources officer, effective immediately. Sullivan, who previously held a similar role at Delta Airlines, will oversee employee experience aspects such as talent acquisition, leadership development, and diversity strategies. This leadership change follows the retirement of Lynn Minella after more than four years. Sullivan's previous experience includes positions at Abbott Laboratories and The Home Depot, boosting confidence in his capability to enhance the company’s talent strategies.

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Johnson Controls (NYSE: JCI) announces that its industrial heat pump technology has helped Entra ASA win the Heat Pump Award 2021 for the Powerhouse Brattørkaia in Trondheim, Norway. This building is the first to achieve the Powerhouse plus energy standard, producing more renewable energy than the total energy used throughout its lifecycle. Johnson Controls' innovative approach and collaboration with Skanska demonstrates the potential of energy-efficient buildings, contributing to global carbon reduction goals.

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Sensormatic Solutions, a division of Johnson Controls (NYSE:JCI), has released predictions for the busiest shopping days of the 2021 holiday season. The top days include Black Friday on November 26 and Super Saturday on December 18. With in-store retail traffic down 18.6% from 2019, the company predicts a 10-15% decrease in U.S. traffic compared to pre-pandemic numbers. Despite the challenges from COVID-19, consumer comfort in shopping has increased. Sensormatic's intelligent solutions are aimed at enhancing retail operations during this critical time.

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Johnson Controls (NYSE: JCI) has announced a joint development agreement with biotechnology firm Phylagen on September 23, 2021. This partnership, which includes a strategic investment in Phylagen, aims to advance technology focused on optimizing building microbiomes for healthier indoor environments. The leaders from both companies emphasize that understanding indoor microbial life is crucial for improving public health and safety. This collaboration aligns with Johnson Controls' commitment to creating smart, sustainable buildings.

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Johnson Controls (NYSE: JCI) has expanded its building security portfolio by integrating body worn cameras, autonomous robots, and MailSecur technology from RaySecur. The new solutions enhance security management and operational visibility, allowing for real-time monitoring and automated responses to threats. The Body Worn Camera offers live video streaming and integrated evidence management, while the security robots enhance situational awareness and compliance with health measures. These innovative technologies are expected to be available by the end of 2021.

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Johnson Controls (NYSE: JCI) announced a partnership with Dubai Silicon Oasis Authority (DSOA) and Rochester Institute of Technology (RIT) Dubai to create the region's first smart, healthy, and sustainable campus. This initiative aims to address building decarbonization, which accounts for about 40% of global emissions. Johnson Controls will implement its OpenBlue digital platform to enhance energy efficiency and reduce operational costs. The collaboration aligns with Dubai's 2040 Urban Master Plan, promoting innovation and sustainability in education.

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Atos and Johnson Controls (NYSE: JCI) announced a global partnership aimed at helping clients accelerate their Net Zero goals. This collaboration will provide advisory services and decarbonization capabilities to reduce carbon emissions from buildings, which account for 40% of global emissions. The partnership combines Atos' Digital Decarbonization Exchange and Johnson Controls' Open Blue platform, offering real-time monitoring and reporting of sustainability metrics. Both companies aim to address climate change by aiding customers in their decarbonization strategies, targeting a 45% reduction in greenhouse gas emissions by 2030.

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Johnson Controls (JCI) has partnered with Dubai Silicon Oasis Authority and Rochester Institute of Technology Dubai to establish a sustainable campus, leveraging its OpenBlue digital platform. This initiative aims to enhance energy efficiency and reduce carbon emissions, aligning with global sustainability goals. The OpenBlue Enterprise Manager will enable real-time energy monitoring and optimization, potentially improving efficiency by over 50%. This collaboration supports Dubai's 2040 Urban Master Plan and enhances educational environments for roughly 1,000 students and 100 faculty members.

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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 $83.65 as of November 18, 2024.

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

The market cap of Johnson Controls International plc (JCI) is approximately 56.3B.

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

56.27B
665.63M
0.31%
92.51%
1.16%
Building Products & Equipment
Air-cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip
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United States of America
CORK