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 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.
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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.
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Johnson Controls International (NYSE: JCI), a leader in smart, sustainable buildings, is set to present at the 2022 Baird Global Industrial Conference in Chicago. The event will take place on November 10, 2022, at 10:50 a.m. CST. A live webcast will be available on their website. Johnson Controls specializes in transforming environments to enhance the performance of buildings.
Johnson Controls International (NYSE: JCI) has scheduled its Fourth Quarter Fiscal 2022 Earnings Conference Call for November 3, 2022, at 8:30 a.m. ET. The live webcast can be accessed via their investor relations page, and a slide presentation will be available that morning. A replay will also be offered through webcast and telephone until November 10, 2022. Johnson Controls is a leader in building technology and services, leveraging innovation for industries like healthcare and data centers.
Johnson Controls (NYSE:JCI) is offering emergency rebates for HVAC equipment to homeowners in Florida, South Carolina, and North Carolina impacted by Hurricane Ian. Rebates, ranging up to $425, are available for YORK®, Luxaire®, Coleman®, Champion®, and Fraser-Johnston® brands installed between October 1 and December 31, 2022. Homeowners can apply for rebates online, with amounts based on equipment efficiency. This initiative aims to aid recovery efforts in designated FEMA Disaster Areas following the storm's devastation.