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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 been recognized as the "IoT Partner Ecosystem of the Year" at the 2021 IoT Breakthrough Awards, marking its third consecutive year of accolades. The company was honored for its OpenBlue digital platform and the establishment of its nine OpenBlue Innovation Centers worldwide, aimed at promoting sustainable building technologies. They have partnered with major organizations, including a recent collaboration with Microsoft to enhance building management through digital transformation.
Johnson Controls International plc (NYSE: JCI) announced its First Quarter Fiscal 2021 Earnings Conference Call scheduled for January 29, 2021, at 7:30 a.m. EST. Investors can access the call via live webcast or telephone, with a slide presentation available for download. A replay will be accessible post-event until February 6, 2021. Johnson Controls focuses on optimizing building performance across various sectors, employing approximately 100,000 experts globally.
Johnson Controls (NYSE: JCI) reported findings from surveys of over 800 building decision-makers revealing a significant shift toward investing in healthy building technologies. With 90% of firms allocating resources to these initiatives, key focus areas include employee health, energy efficiency, and sustainability. The surveys indicate that 80% of executives prioritize protecting occupant safety post-COVID. Additionally, 76% emphasize energy cost savings as vital, with 57% planning to achieve net-zero carbon in at least one facility within a decade. Johnson Controls has implemented over 3,000 energy-saving projects, achieving significant reductions in carbon emissions and cost savings.
Johnson Controls International plc (NYSE: JCI) has declared a quarterly cash dividend of $0.26 per share, payable on January 15, 2021. Shareholders on record by the close of business on December 21, 2020 will receive this dividend. The company has a long-standing history of consecutive dividend payments since 1887, reflecting its commitment to returning value to shareholders.
Johnson Controls International (NYSE: JCI) announced that CEO George Oliver and CFO Olivier Leonetti will present at the Credit Suisse 8th Annual Virtual Industrials Conference on December 2, 2020, at 8:50 a.m. EST. The event will be accessible via a live webcast on the company’s website. This presentation highlights Johnson Controls' ongoing commitment to enhancing building performance and safety across various sectors including healthcare and education. For more information, visit www.johnsoncontrols.com.
Johnson Controls (NYSE: JCI) will participate in the Morgan Stanley Life After Covid Thematic Conference on November 10, 2020, at 3:00 p.m. EST. The event will feature Chairman and CEO George Oliver along with Executive Vice President Michael Ellis. A live webcast of their presentation will be accessible via the company’s website. Johnson Controls is focused on enhancing building performance and safety across various industries, leveraging a global workforce of 100,000 experts in over 150 countries.
Johnson Controls (NYSE: JCI) has launched a new flexible service suite for building management in the Middle East and Africa, utilizing its OpenBlue digital technology. This offering, available from October 2020, includes over 20 customizable options designed for Smart, Healthier, and Safer buildings. Key features include real-time remote management of HVAC and fire systems, 24/7 expert connectivity, and predictive analytics to enhance energy efficiency. The initiative addresses the growing demand for modern building services and is backed by significant investments in cybersecurity.
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