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.
News for Johnson Controls International plc (JCI) centers on its role in building technology, smart buildings and retail-focused solutions. The company regularly issues updates describing itself as the global leader for smart, healthy and sustainable buildings, and highlights how its technologies transform environments where people live, work, learn and play. Many announcements focus on innovations delivered through its OpenBlue digital offering and its presence in industries such as healthcare, schools, data centers, airports, stadiums and manufacturing.
A significant portion of Johnson Controls news involves Sensormatic Solutions, its global retail solutions portfolio. Sensormatic announcements cover new capabilities in loss prevention, inventory intelligence and traffic insight solutions. Recent items include the expansion of the Shrink Analyzer application with machine learning features, the introduction of Category-Level Shrink Insights using acousto-magnetic EAS technology, and the launch of the FLEX platform that combines storefront merchandising, retail media and loss prevention technologies.
Other news highlights TrueVUE Cloud inventory intelligence, including a platform-as-a-service option for retailers and collaborations with partners such as Keonn Technologies to support hands-free cycle counting and real-time merchandise location. Johnson Controls also features updates on AI-enabled sensors and video analytics, such as Orbit AI and Store Guest Behaviors, which provide shopper journey and traffic insights.
In addition, investors will find corporate and financial communications such as earnings conference call webcasts, strategic investments in areas like liquid cooling for AI and high-performance computing data centers, and disclosures related to portfolio changes. This news page brings together these varied updates so readers can follow how Johnson Controls and its Sensormatic Solutions portfolio evolve across building technology, retail operations and data center applications.
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.
Johnson Controls (NYSE:JCI) announces the retirement of 38-year veteran Jeff Williams as President of Global Products, effective August 1, 2022. A search for his successor is underway. Williams has led the Global Products division since 2019, which accounts for over one-third of the company's $24 billion annual revenue. His successor will focus on advancing technology in building management, emphasizing artificial intelligence through the OpenBlue platform, enhancing operational performance and sustainability.
On June 30, 2022, Johnson Controls (NYSE: JCI) unveiled the OpenBlue Pioneers award to honor leaders in the development of smart, sustainable buildings. The first winners, including BEEAH Headquarters and the Chase Center, exemplify innovative use of Johnson Controls' OpenBlue technology to enhance environmental sustainability and energy efficiency. The initiative highlights the company's commitment to reducing carbon emissions while promoting health and economic prosperity. Johnson Controls aims to accelerate the digital transformation of buildings, creating healthier spaces worldwide.
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