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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), the leader in smart buildings, announced it has filed its 200th U.S. utility patent application related to its OpenBlue Central Utility Plant and energy optimization products. The company also received its 90th patent grant. Innovations include a system that predicts regional peak energy demand, helping clients reduce costs and emissions. Over 40 customers have purchased the Central Utility Plant, realizing significant energy savings, such as a pediatric medical center saving $250,000 annually. Johnson Controls has invested nearly $3 billion in R&D over the past five years, receiving multiple patents.
Johnson Controls (NYSE: JCI) has launched the Community College Partnership Program, committing $15 million over five years to support nonprofit community colleges across the U.S. Starting in the 2021‒2022 academic year, ten colleges will receive funding to enhance programs in HVAC, fire and security, and digital building automation. This initiative aims to empower students from underserved communities by providing essential skills for in-demand jobs. Local employees will assist through volunteering and mentorship to ensure successful career paths for students.
Johnson Controls International plc (NYSE: JCI) will host its Third Quarter Fiscal 2021 Earnings Conference Call on July 30, 2021, at 8:30 a.m. EDT. Investors can access the call via webcast or telephone. The live webcast will be available for download on their investor site. A replay will also be accessible through the same channels from July 30 until August 6. Johnson Controls focuses on creating smart, healthy, and sustainable buildings, with a commitment to innovation for over 135 years.
Johnson Controls (NYSE: JCI) announced the launch of OpenBlue Net Zero Buildings as a Service, aimed at helping companies achieve net zero carbon and renewable energy goals. The offering streamlines the process for businesses to plan and execute sustainability initiatives. A recent survey revealed over 90% of respondents aim to cut carbon emissions and energy use by 2030. Additionally, the company introduced the OpenBlue Net Zero Advisor, providing AI-driven tracking of sustainability metrics. Johnson Controls aims to support various sectors including education and healthcare in their sustainability journeys.
Johnson Controls (NYSE: JCI) expressed strong support for the $1.2 trillion Bipartisan Infrastructure Framework, emphasizing its potential to enhance energy efficiency, reduce carbon emissions, and create jobs. Chief Sustainability Officer Katie McGinty highlighted that the framework includes funding for clean transportation, water, broadband, and climate resilience, addressing 40% of global emissions from buildings. Johnson Controls aims to leverage its OpenBlue technology to significantly improve energy efficiency in buildings, contributing to climate change solutions while benefiting taxpayers financially.
Dubai Electricity and Water Authority (DEWA) has partnered with a consortium led by Moro Hub and includes Johnson Controls (JCI), Ghantoot Group, and Microsoft to develop its new headquarters, Al Shera'a. This building aims to be the world's tallest and smartest government Net Zero Energy Building, featuring advanced technologies such as IoT, AI, and cybersecurity. Expected completion is in 2023, with significant energy efficiency goals, including 50% less water usage than similar buildings. The project aligns with Dubai's sustainability and clean energy ambitions.
The Dubai Electricity and Water Authority (DEWA) has partnered with a consortium led by Moro Hub, Johnson Controls (JCI), and Microsoft to implement cutting-edge technologies at its new headquarters, Al Shera'a. This building aims to be the world's largest Net Zero Energy Building, producing equal to or less energy than it consumes. The project will utilize IoT, AI, and smart management solutions, promoting sustainability and efficiency, with expectations to reduce water usage by 50%. Completion is projected for 2023.
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