Welcome to our dedicated page for Johnson Controls International news (Ticker: JCI), a resource for investors and traders seeking the latest updates and insights on Johnson Controls International stock.
Johnson Controls International plc reports developments tied to commercial building technology, including thermal management, mission-critical building systems, energy efficiency and decarbonization. Company news commonly covers quarterly results, organic sales, orders, backlog, margins and guidance, along with capital returns through its regular dividend.
Updates also describe product and design activity for data center cooling, including AI Factory Reference Design Guides for chiller-based thermal systems. Other recurring announcements include investor conference participation, earnings webcasts, the Johnson Controls Business System, and ethics, compliance and governance recognition.
Johnson Controls International plc (NYSE: JCI), a global leader in smart, healthy, and sustainable buildings, has announced a regular quarterly dividend of $0.37 per share of common stock. The dividend will be payable on October 18, 2024, to shareholders of record at the close of business on September 25, 2024. This announcement continues Johnson Controls' impressive streak of consecutive dividend payments since 1887, highlighting the company's long-standing commitment to shareholder returns and financial stability.
Sensormatic Solutions, a Johnson Controls (NYSE: JCI) portfolio, has partnered with HappyOrNot to launch the Brand Vitality Meter, a new offering that combines customer satisfaction data with traffic insights to enhance store performance. This collaboration aims to help retailers optimize their locations by merging shopper feedback from HappyOrNot's Smiley devices with Sensormatic's traffic data.
The Brand Vitality Meter focuses on three key areas: customer experience, shopper sentiments, and store performance. It provides retailers with actionable insights to improve customer journeys, align labor allocation with traffic flow, and understand the impact of customer satisfaction on store performance. This holistic approach enables retailers to connect customer satisfaction scores with important metrics such as sales, conversion rates, and average transaction sizes.
Johnson Controls International plc (NYSE: JCI) reported solid Q3 fiscal 2024 results, with sales increasing 1% to $7.2 billion and organic growth of 3%. The company achieved GAAP EPS of $1.45 and adjusted EPS of $1.14. Notably, orders grew 5% organically year-over-year, and the Building Solutions backlog increased 10% organically to $12.9 billion.
Key highlights include:
- Building Solutions North America: 9% sales growth, 8% organic growth
- Building Solutions EMEA/LA: 3% sales growth, 8% organic growth
- Building Solutions Asia Pacific: 22% sales decline, 19% organic decline
- Global Products: Flat sales, 3% organic growth
The company has tightened its full-year fiscal 2024 guidance, reflecting confidence in continued growth and value creation.
Johnson Controls (NYSE: JCI) has announced the initiation of its CEO succession plan, with George R. Oliver planning to retire as CEO while remaining chair of the Board. This decision follows significant progress in the company's portfolio transformation. The Board has begun a comprehensive search for the next CEO, evaluating both internal and external candidates.
In addition, as part of ongoing Board refreshment efforts and following constructive dialogue with Elliott Investment Management, Patrick Decker has been appointed as a new, independent director. Decker, former president and CEO of Xylem Inc., brings valuable experience in transforming industrial companies into advanced technology and solutions enterprises.
These changes reflect Johnson Controls' commitment to optimizing its position as a pure-play provider of comprehensive solutions for commercial buildings, aiming to drive greater value for customers and shareholders.
Johnson Controls International plc (NYSE: JCI), a global leader in smart, healthy, and sustainable buildings, has announced its Third Quarter Fiscal 2024 Earnings Conference Call. The webcast is scheduled for Wednesday, July 31, 2024, at 8:30 a.m. ET. Investors can access the conference call via webcast or telephone. A slide presentation will be available for download on the morning of the call. For those unable to attend live, a replay will be accessible via webcast and telephone until August 7, 2024. This earnings call will provide insights into Johnson Controls' financial performance and potentially discuss future outlook and strategies.
Johnson Controls (NYSE: JCI) has announced a definitive agreement to sell its Residential and Light Commercial (R&LC) HVAC business to the Bosch Group for $8.1 billion. JCI's portion of the consideration is approximately $6.7 billion. This divestiture advances Johnson Controls' transformation into a pure-play provider of comprehensive solutions for commercial buildings.
The transaction includes the North America Ducted business and global Residential joint venture with Hitachi. In fiscal 2023, the R&LC HVAC business generated approximately $4.5 billion in consolidated revenue. The deal is expected to close in about 12 months, subject to regulatory approvals.
JCI expects to report Q3 2024 adjusted earnings per share slightly ahead of its previous guidance. The company plans to use the proceeds to pay down debt and potentially return capital to shareholders.
Johnson Controls (NYSE: JCI) is enhancing efficiency and sustainability at eight Paris Olympic venues for the 2024 Games. The company is integrating advanced building automation systems, HVAC, and fire suppression technologies to improve safety, operational efficiency, and reduce the event's carbon footprint by 50% compared to previous Games.
Key implementations include:
- Two York 3.3 MW industrial chillers at the La Chapelle cooling plant in the Adidas Arena complex
- Metasys building automation system at a renowned tennis stadium, controlling HVAC, lighting, and energy management
These solutions aim to provide sustainable cooling, optimize venue conditions, and minimize environmental impact. Johnson Controls' expertise in smart stadiums has made it a partner of choice for venues worldwide, including Intaleq in Doha, Fiserv Forum in Milwaukee, and Allegiant Stadium in Las Vegas.
Sensormatic Solutions, a retail solutions portfolio of Johnson Controls (NYSE: JCI), has released its 2024 U.S. Back-to-School Consumer Sentiment Survey. The survey reveals that 74% of consumers plan to do their back-to-school shopping in-store, continuing the trend from previous years.
While in-store shopping remains the top choice, digital options are also evolving, with 43% planning to use 'buy online, pick up in-store' (BOPIS), up from 34% in 2023, and 25% opting for curbside pickup, up from 19%.
Security, price, and sustainability are key factors influencing consumer decisions. Notably, 75% of consumers consider price a important factor, with 34% planning to spend less than in previous years. Meanwhile, 83% of respondents consider sustainability important, a rise from 77% in 2023.
Retailers are encouraged to adapt to consumer needs, leveraging data-driven technologies to enhance the shopping experience and meet high-volume demands.
Truelink Capital announced a definitive agreement to acquire Air Distribution Technologies from Johnson Controls on June 18, 2024. The financial terms were not disclosed, and the transaction is expected to close in the second half of 2024, subject to customary conditions.
Air Distribution Technologies, a market leader in air management and filtration solutions, operates across more than 25 global locations with over 4,500 employees. The company's portfolio includes brands like Koch Filter, Titus, and Ruskin, serving a diversified customer base. Post-transaction, Doug Schuster will continue as CEO.
Truelink aims to expand the business through commercial and operational investments, and this acquisition marks its fifth since its launch in 2022.
Johnson Controls (NYSE: JCI) has announced the sale of its Air Distribution Technologies business to Truelink Capital, a private equity firm. The sale aligns with Johnson Controls' strategy to simplify its portfolio and enhance its focus on providing comprehensive solutions for commercial buildings. Key brands included in the sale are Koch Filter, Titus, Ruskin, Kreuger, PennBarry, and Tuttle & Bailey. Manufacturing facilities in the US, Mexico, India, Thailand, and the UAE will be transferred to Truelink. The transaction is expected to close in the second half of 2024, pending customary conditions.