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Johnson Controls International plc (JCI) Stock News, May-Jun 2022

JCI NYSE

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.

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Johnson Controls (NYSE: JCI) has acquired Tempered Networks, a provider of zero trust cybersecurity solutions. This strategic move enhances JCI's OpenBlue platform by integrating Tempered's Airwall technology, which secures building data and communications from edge to cloud. The acquisition aims to bolster cybersecurity in critical infrastructure, enabling secure device interactions and continuous data authentication. Terms of the deal were not disclosed, but it aligns with JCI's vision for fully autonomous and resilient buildings, emphasizing advanced security measures against cyber threats.

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On June 8, 2022, Johnson Controls International plc (NYSE: JCI) announced a quarterly cash dividend of $0.35 per share, payable on July 15, 2022. Shareholders of record by June 21, 2022 will receive this dividend. This marks a continuation of consecutive dividends since 1887, reflecting the company's commitment to returning value to shareholders. Johnson Controls is a global leader in smart and sustainable buildings, with over 100,000 employees in 150 countries, dedicated to enhancing building performance.

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Johnson Controls (NYSE: JCI) has appointed Rodney Clark as Vice President and Chief Commercial Officer, effective June 1, 2022. Clark will lead global sales excellence efforts, succeeding Brian Young and partially taking over duties from retiring Chief Customer and Digital Officer Michael Ellis. Previously at Microsoft, Clark brings extensive experience in digital transformation and IoT sales. CEO George Oliver highlighted Clark's role in enhancing customer collaboration and driving growth through innovative solutions like OpenBlue, aimed at sustainability in building management.

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Johnson Controls, a founding member of the First Movers Coalition, supports its expansion to over 50 corporate members, representing roughly $8.5 trillion in market cap. This global initiative aims to accelerate clean technology advancements to achieve net-zero emissions by 2050. Johnson Controls has committed to purchasing 10% near-net-zero carbon steel by 2030 and aims to achieve net zero Scope 1 and 2 emissions by 2040. The coalition, launched at COP26, targets heavy carbon-emitting sectors, emphasizing collaboration between businesses and governments for a sustainable future.

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Johnson Controls has been named one of the 100 Best Corporate Citizens for 2022, marking its 17th consecutive year on the list. The company moved up from #33 to #21 overall and ranks second in the Capital Goods sector. This recognition highlights Johnson Controls' commitment to environmental, social, and governance (ESG) practices. Notably, the company has reduced its carbon and energy intensity by over 70% since 2002 and has developed innovative solutions like OpenBlue to promote sustainable building practices.

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Johnson Controls International (NYSE: JCI) will present at the 15th Annual Wolfe Research Global Transportation & Industrials Conference on May 26, 2022, at 9:45 a.m. EDT. CFO Olivier Leonetti will lead the presentation, which will be available via live webcast on the company's website. Johnson Controls, a leader in smart, healthy, and sustainable buildings, aims to enhance building performance globally, leveraging its digital offering, OpenBlue, and a workforce of 100,000 experts across 150 countries.

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Johnson Controls (NYSE:JCI) has appointed Anu Rathninde as vice president and president of Asia Pacific, succeeding Visal Leng. Rathninde brings extensive leadership experience, having previously overseen a large engineering team at Aptiv and held key roles at Delphi and Johnson Electric. His leadership will focus on furthering growth strategies, particularly in China and the Asia Pacific region, while advancing innovation through the OpenBlue digital platform aimed at delivering sustainable building solutions. Rathninde will report to CEO George Oliver and be based in Shanghai.

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FAQ

What is the current stock price of Johnson Controls International (JCI)?

Johnson Controls International (JCI) last closed at $155.88.

What is the market cap of Johnson Controls International (JCI)?

The market cap of Johnson Controls International (JCI) is approximately $94.4B.