Johnson Ctls Intl Plc Stock Price, News & Analysis

The board of directors of Johnson Controls International plc (NYSE: JCI) has declared a quarterly cash dividend of $0.35 per common share. This dividend will be payable on Oct. 14, 2022, to shareholders who are on record as of the close of business on Sept. 26, 2022. Notably, Johnson Controls has maintained a consistent dividend payment since 1887, showcasing its long-standing commitment to returning value to shareholders.

Johnson Controls' Sensormatic Solutions has launched an innovative computer vision analytics platform aimed at enhancing retail operations. This technology uses existing video infrastructure to provide real-time insights for loss prevention, shopper behavior, and inventory management. Key features include shelf sweep detection and vehicle monitoring, which help retailers mitigate theft and improve customer experiences. With growing interest in AI-driven solutions, 43% of retail leaders already utilize AI for video analytics, while 31% plan to adopt it soon.

On August 25, 2022, Johnson Controls (NYSE: JCI) announced the pricing of €600 million senior notes due 2028. The funds raised will be used for corporate purposes, including repaying near-term debt and potential acquisitions. The offering is co-issued by Tyco Fire & Security Finance, S.C.A., with closing expected on September 7, 2022. Major banks involved include J.P. Morgan and BBVA. This issuance is part of an effective shelf registration statement.

On August 25, 2022, Johnson Controls (NYSE: JCI) announced a framework agreement with Nozomi Networks to enhance cybersecurity for smart buildings. This investment underscores Johnson Controls' commitment to integrating Nozomi's advanced security tools within its OpenBlue platform.

The partnership aims to strengthen cybersecurity across various sectors, including energy and manufacturing. Johnson Controls has previously invested in Nozomi's $100 million funding round, highlighting its dedication to building safe and efficient digital environments.

Johnson Controls (NYSE: JCI) has partnered with 3Degrees to enhance its Renewable Services business. This collaboration aims to accelerate net zero goals by offering carbon reduction services, including Renewable Energy Certificate transactions and climate advisory services. The initiative is part of Johnson Controls' OpenBlue Net Zero Buildings, providing comprehensive solutions for building emissions, which account for 40% of global emissions. This partnership addresses the urgent need for organizations to meet net zero targets as per the UN Paris Agreement.

Johnson Controls (NYSE: JCI) has partnered with Microsoft Beijing Campus to enhance building operations, achieving 27.9% energy savings and over 98% uptime for key equipment. This collaboration underscores a commitment to sustainable development goals, leveraging AI through the OpenBlue platform for improved energy efficiency and user experience. The Beijing Municipal Government has endorsed the project, granting financial support in recognition of its achievements in energy savings. The initiative aligns with China's carbon neutrality targets for 2060.

Johnson Controls International reported GAAP EPS of $0.55 and Adjusted EPS of $0.85 for Q3 2022, reflecting a 3% increase year-over-year. Sales reached $6.6 billion, a 4% increase compared to the prior year, with 8% organic growth. The company achieved a record field backlog of $11.1 billion, up 13% organically year-over-year. Share repurchases totaled approximately $400 million for the quarter and $1.4 billion year-to-date. Adjusted EPS guidance for FY 2022 was refined to $2.98 to $3.02, accounting for foreign exchange headwinds.

Johnson Controls (NYSE: JCI) has been recognized by Frost & Sullivan as the Best Practices Customer Value Leader for 2022, highlighting its leadership in operational efficiency and customer service within the chiller systems market. With chillers consuming up to 40% of a building's energy, Johnson Controls' OpenBlue Services can reduce equipment downtime by up to 50% and energy waste by 30%. A hospital using 100 connected chillers achieved $200,000 in savings within three months, showcasing the effectiveness of these digital solutions.

Johnson Controls International plc (NYSE: JCI) has scheduled its Third Quarter Fiscal 2022 Earnings Conference Call on August 4, 2022, at 8:30 a.m. EDT. Investors can participate via a live webcast or telephone. The webcast will be archived for those unable to attend live. Additionally, a replay will be available after the call. Johnson Controls emphasizes its commitment to sustainable and innovative building solutions, leveraging nearly 140 years of experience in the industry.