Johnson Ctls Intl Plc Stock Price, News & Analysis

Johnson Controls International plc (NYSE: JCI) will present at the 10th Annual Credit Suisse Global Industrials Conference in Palm Beach, Florida, on December 2, 2022, at 9:30 a.m. ET. The presentation will be led by Chairman and CEO George Oliver. Interested parties can access a live webcast of the event on Johnson Controls' website. The company is recognized as a leader in smart, healthy, and sustainable buildings, with a global workforce of around 100,000 experts. Johnson Controls focuses on innovation across various industries, including healthcare, education, and data centers.

Johnson Controls (NYSE:JCI) has launched OpenBlue Enterprise Manager (OBEM) on Alibaba Cloud, enhancing its collaboration with the leading cloud provider. This initiative supports Johnson Controls' commitment to sustainability, targeting the reduction of carbon emissions from buildings which account for 40% of global emissions. OBEM integrates data from various systems to optimize energy use and operational efficiency across 4,000 deployed buildings. The partnership will also expand digital solutions in the Asia Pacific region, including Southeast Asia.

Johnson Controls (NYSE: JCI) has expanded its partnership with Clemson University with a new $45M net zero campus initiative, enhancing sustainability and modernizing campus infrastructure. This project aims to reduce greenhouse gas emissions by 20% by 2025 and generate over $3M in annual savings through a 15-year contract. The initiative supports Clemson's goal for carbon neutrality by 2030, benefiting approximately 28,000 students and 5,500 faculty and staff. The comprehensive energy conservation solutions include LED lighting, HVAC improvements, and laboratory controls.

Johnson Controls (NYSE:JCI) has appointed Lei Schlitz as Global Products President, effective immediately, succeeding Jeff Williams. Schlitz will spearhead research and development, product management, and new product launches from Milwaukee. CEO George Oliver highlighted a multibillion-dollar market opportunity for growth. Schlitz possesses extensive experience from Illinois Tool Works and Siemens Energy, among others, and holds a doctorate in mechanical engineering from the University of Wisconsin.

Johnson Controls (NYSE: JCI) is collaborating with the Asthma and Allergy Foundation of America to improve indoor air quality (IAQ) in K-12 schools, impacting health and academic performance. With 50% of schools needing upgrades, inadequate conditions lead to negative educational outcomes. On November 16, a webinar titled 'Cleaner Air, Healthier Students' will address IAQ's importance and showcase solutions that enhance learning environments. Johnson Controls serves over 7,000 school districts, offering a wide range of services aimed at promoting healthy, smart, and sustainable educational settings.

Johnson Controls has secured a contract with the Canadian Department of National Defence for efficiency upgrades at the 2nd Canadian Division Support Base (CDSB) Valcartier. This 14-year project aims to cut annual energy costs by CA$1.5 million and reduce greenhouse gas emissions by 58%. Total projected energy savings for the Department now amount to CA$8.2 million annually, alongside a reduction of nearly 37,000 tons of CO2 emissions. The initiative, supporting the DND's 2050 Net Zero Goals, will also create 180 jobs and modernize 81 buildings on the base.

Johnson Controls International reported strong Q4 results with GAAP EPS of $1.10 and adjusted EPS of $0.99, both up 13% from the prior year. Sales rose 5% to $6.7 billion, with organic growth of 10%. Orders increased by 9% organically year-over-year, and the backlog reached a record $11.1 billion, marking a 13% year-over-year increase. For fiscal 2023, adjusted EPS guidance is set between $3.20 and $3.60, indicating a growth rate of 7% to 20%. Despite challenges, the company remains optimistic about converting its backlog and executing new solutions.

Dedrone has partnered with Johnson Controls (NYSE: JCI) to enhance airspace security by integrating Dedrone’s counter-drone technology into Johnson Controls' security products. This collaboration aims to address unauthorized drone activity threats faced by various sectors, including transportation hubs and public venues. Dedrone’s solutions will be available as cloud-based security services, enabling organizations to track and mitigate drone threats effectively. The integration leverages Open Systems Architecture for seamless compatibility with other security systems.