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.
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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Johnson Controls (NYSE: JCI) CEO George Oliver co-signed a letter with global leaders urging G7 nations to enhance greenhouse gas emissions reduction efforts, emphasizing the buildings sector, which accounts for 40% of global emissions. The letter advocates for carbon pricing starting at $30 per tonne, potentially rising to $120 per tonne. The Sustainable Markets Initiative, chaired by the Prince of Wales, supports this initiative. Oliver stressed the need for sustainable energy strategies and private investment incentives to address energy supply challenges while promoting advanced optimization technologies.