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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 International plc (NYSE: JCI) reported its fiscal Q4 2020 results, with an EPS of $0.60, down from $0.77 in Q4 2019. Adjusted EPS fell 3% to $0.76. Sales were nearly $6 billion, a 5% decline year-over-year, reflecting ongoing impacts from COVID-19. Q4 GAAP net income was $441 million, while adjusted net income reached $563 million. Despite challenges, the company maintained strong EBIT margins and free cash flow, reporting $1 billion in the quarter. Looking ahead, JCI anticipates a 5-7% decline in organic revenue for Q1 2021 and an adjusted EPS of $0.39 to $0.41.
Johnson Controls (NYSE: JCI) announced the appointment of Nate Manning as the new vice president and president of Building Solutions, North America. Manning, who joined the company in 2019, previously led Field Operations for Building Solutions, focusing on safety and performance. His new role involves overseeing strategy development and execution to drive growth through customer outcomes and digital strategies, including the OpenBlue initiative. Manning's extensive background includes leadership roles at GE Power and Eaton Aerospace.
Johnson Controls International plc (NYSE: JCI) will host its Fourth Quarter Fiscal 2020 Earnings Conference Call on November 3, 2020, at 8:30 a.m. EST. Investors can participate via live webcast or by telephone. A slide presentation will be made available for download. A replay of the call will also be accessible post-event.
This earnings call will provide insights into the company’s performance and strategies, focusing on various sectors, including healthcare and education.
Johnson Controls (NYSE: JCI) announced the launch of new tailored services leveraging its OpenBlue technology for customizable solutions starting October 2020. This suite provides remote access to HVAC, Fire Protection, and Security services, enabling management across various scenarios. With a $150 billion market opportunity, the company has a network of over 16,000 technicians and generated $6.3 billion in service revenue in FY19. Enhanced service offerings include predictive analytics and real-time monitoring for improved operational efficiency.
Johnson Controls (NYSE: JCI), a leader in smart buildings, opened its $50 million OpenBlue Innovation Center in Singapore, aimed at creating sustainable environments. Located at the National University of Singapore, this center will serve as a living laboratory for developing customizable, contact-free applications using the OpenBlue digital technology suite. With support from ecosystem partners like NUS and Microsoft, the facility will focus on enhancing building performance and safety. Johnson Controls expects the center to generate over 100 jobs within four years, reinforcing its commitment to innovation in the region.
On September 16, 2020, Johnson Controls International plc (NYSE: JCI) announced a quarterly cash dividend of $0.26 per common share, payable on October 16, 2020. Shareholders on record by September 28, 2020 will receive this dividend. Johnson Controls has maintained a consecutive dividend payout since 1887, reflecting its commitment to returning value to shareholders. The company specializes in optimizing building performance across various sectors, supporting its ongoing initiatives to enhance safety and comfort.
Johnson Controls (NYSE: JCI) announced the pricing of its inaugural Green Bond offering, raising $625 million in ten-year notes aimed at funding sustainability projects aligned with the company's 2025 goals. Projects include eco-efficient products, green buildings, and renewable energy initiatives. The bond is part of a broader commitment to enhance sustainability performance, reflected in previous financing tied to sustainability metrics. The transaction is expected to close on Sept. 11, 2020, facilitated by multiple financial institutions.
Johnson Controls International (NYSE: JCI) will present at the 2020 RBC Capital Markets Global Industrials Virtual Conference on September 15, 2020, at 9:20 a.m. EDT. Key executives speaking include Chairman & CEO George Oliver, Vice Chairman & CFO Brian Stief, and CFO-Elect Olivier Leonetti. A live webcast will be available on the company's website. Johnson Controls operates in various industries, including healthcare and education, with a team of 105,000 experts globally, delivering innovative building technology solutions.
Johnson Controls (NYSE: JCI) has launched OpenBlue Healthy Buildings, a suite of digital solutions designed to enhance safety in shared spaces as employees return to offices. This innovative platform integrates hardware and software, offering features such as contact tracing, social distancing monitoring, and thermal cameras. It aims to streamline safety protocols, improve operational efficiency, and provide data-driven insights for space utilization. The mobile app enhances communication and employee engagement, facilitating a safer workplace environment.
Johnson Controls (NYSE: JCI) has achieved the ISASecure® Secure Development Lifecycle Assurance (SDLA) certification, affirming its compliance with the ISA/IEC 62443-4-1 cybersecurity standard. This certification demonstrates Johnson Controls' commitment to delivering secure building technologies through disciplined practices in product development globally. The SDLA program, certified by exida LLC, ensures that security processes are maintained throughout the development lifecycle, enhancing trust in smart building solutions. Jason Christman, VP of Product Security, emphasizes the increasing customer demand for cybersecurity.
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