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 (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.
Johnson Controls International (NYSE: JCI) announced a quarterly dividend of $0.37 per share of common stock. This dividend is payable on July 19, 2024, to shareholders who are on record as of June 24, 2024. The company has a long history of dividend payments, having consecutively paid since 1887.
Sensormatic Solutions, a part of Johnson Controls (NYSE: JCI), announced the expansion of its RFID Service Bureaus with a new facility in Matamoros, Mexico. This expansion enhances their global reach, providing custom-printed and encoded RFID tags and labels directly to retailers and manufacturers in North and Central America. The new service bureau complements existing facilities in Asia, Europe, and Latin America. The initiative aims to simplify source tagging, improve inventory accuracy, enhance supply chain visibility, and reduce labor demands. Previous collaborations, like with Renner in Brazil, have shown significant improvements in inventory accuracy and stockout reductions.
Johnson Controls (NYSE: JCI) announced the formation of a dedicated Global Data Center Solutions organization to meet growing demand. Led by company veteran Todd Grabowski, the new division aims to leverage Johnson Controls' extensive resources to deliver integrated data center solutions globally. Grabowski will report to Chairman and CEO George Oliver. This move is part of Johnson Controls' strategy to capitalize on the booming data center market through innovative technologies, extensive R&D, and a comprehensive service portfolio. The company aims to provide energy-efficient, sustainable, and safe solutions to data center customers, enhancing efficiency and reducing costs.
Johnson Controls (NYSE: JCI) has announced the reference yields for its cash tender offers and increased its aggregate tender cap from $90 million to $119 million for its outstanding senior notes. The tender offers, initially announced on May 20, 2024, will expire on June 18, 2024. The early tender date was June 3, 2024, with early settlement on June 6, 2024. The 5.125% Senior Notes due 2045 saw $164.999 million tendered, but only $119 million will be accepted at a proration factor of 72.18%. The 4.500% Senior Notes due 2047 had $108.749 million tendered, but none will be accepted. All other terms remain unchanged.
Johnson Controls (NYSE: JCI) has announced early results for its cash tender offers for up to $90 million in senior notes, potentially increasing the cap to $117 million. The early tender date was June 3, 2024, with 44.35% of 5.125% Senior Notes due 2045 and 21.75% of 4.500% Senior Notes due 2047 tendered. The tender offers expire on June 18, 2024. Securities tendered after the early date will not be accepted. The payment date for accepted tenders is June 6, 2024. The company's tender offers are subject to conditions described in the Offer to Purchase.
Sensormatic Solutions, part of Johnson Controls (NYSE: JCI), has partnered with Thruvision to introduce next-generation walk-through security screening technology using passive terahertz cameras. The partnership aims to enhance loss prevention in retail settings by addressing internal theft, which accounts for 40% of the total value of theft. Thruvision’s technology can detect items hidden under clothing from up to 7 meters away without emitting radiation or capturing personal details. This collaboration promises to reduce internal losses, improve operational efficiency, and enhance employee and customer experiences.
Johnson Controls (NYSE: JCI) announced a cash tender offer for up to $90 million in aggregate principal amount of its senior notes.
The offer includes its 5.125% Senior Notes due 2045 and 4.500% Senior Notes due 2047, with an early tender payment of $50 per $1,000 principal amount.
Investors must tender their securities by June 3, 2024, to receive the early payment, and the offer expires on June 18, 2024.
The company may modify the aggregate cap without extending the withdrawal deadline, and any changes could be significant.
Payment for validly tendered securities will be made on June 21, 2024, or earlier for those tendered by the early date.
Johnson Controls (NYSE: JCI) has announced its participation in the 17th Annual Wolfe Research Global Transportation & Industrials Conference. The event will take place in New York, with CFO Marc Vandiepenbeeck presenting on May 21, 2024, at 11:10 a.m. EDT. A live webcast of the presentation will be accessible on the company's website.
Johnson Controls has appointed Chris Bontempo as the Vice President and Chief Marketing Officer, bringing his extensive experience from IBM to lead marketing strategies, drive demand generation, and enhance brand equity. Bontempo's expertise in data, AI, and the digital ecosystem will help Johnson Controls grow market share and connect customers with innovative technologies.