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 launched an innovative Privacy Center to enhance transparency regarding data privacy and security in compliance with global laws. This platform provides Data Privacy Sheets detailing product-specific privacy features and addresses common privacy concerns. The company has achieved three certifications recognizing its commitment to privacy excellence, including the Enterprise Privacy Seal and APEC certifications. The Privacy Center aims to set a new industry standard while reinforcing Johnson Controls' dedication to data protection and stakeholder trust.
Johnson Controls International (NYSE: JCI) reported fiscal Q2 2022 results, revealing a GAAP EPS of $0.02 and adjusted EPS of $0.63, up 21% from the previous year. Sales reached $6.1 billion, a 9% increase, with a record backlog of $10.9 billion, up 12% year-over-year. Despite strong growth in orders, supply chain issues have delayed backlog conversion, prompting a revision of adjusted EPS guidance for the year to between $2.95 and $3.05. The company repurchased over $1 billion in shares to date this fiscal year, reinforcing confidence in future growth.
Johnson Controls International plc (NYSE: JCI) will present at the 2022 Goldman Sachs Industrials and Materials Conference on May 11, 2022, at 9:40 a.m. EDT. Chairman and CEO George Oliver will be featured in the presentation, which can be accessed via a live webcast on the company's website. Known for transforming environments into smart, healthy, and sustainable buildings, Johnson Controls leverages its expertise in various industries through OpenBlue, its digital offering.
Johnson Controls (NYSE:JCI) is set to host a webinar on May 17, 2022, at 10:00 a.m. CT, sharing insights from a global sustainability study in partnership with Forrester. The study highlights that 72% of companies prioritize sustainability, with a focus on delivering growth and competitive advantage. Key findings include that sustainability maturity enhances competitive advantage and requires strategic planning. The event aims to guide leaders in achieving sustainability goals effectively.
Johnson Controls has commissioned a heat pump at Vattenfall's Berlin-Buch CHP plant, supporting its goal to eliminate carbon emissions by 2050. This installation is projected to reduce CO2 emissions by 620 tonnes annually while enhancing district heating capacity without additional fossil fuel consumption. The project aligns with the EU's Green Deal and Germany's Energiewende initiative aimed at achieving carbon neutrality by 2050. Johnson Controls continues to innovate in energy-efficient technologies, crucial for meeting growing energy demands and environmental goals.
Johnson Controls (NYSE: JCI) and Cherry Creek School District (CCSD) have launched a $69 million sustainability initiative aimed at reducing carbon emissions by 25% and conserving 1.8 billion gallons of water over 20 years. This project, expected to generate $20 million in net savings, aligns with Colorado's building performance standards. The upgrades will enhance learning environments and operational efficiency through technologies like LED lighting and advanced HVAC systems, integrated via the Johnson Controls OpenBlue platform. The initiative supports equity by contracting 10% Minority- and Women-Owned Business Enterprises.
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Johnson Controls International plc (NYSE: JCI) has scheduled its Second Quarter Fiscal 2022 Earnings Conference Call for May 4, 2022, at 8:30 a.m. EDT. Investors can access the live webcast at http://investors.johnsoncontrols.com/news-and-events/events-and-presentations. A replay of the call will be available after it concludes, accessible through the same link. Johnson Controls, a leader in smart building technologies, focuses on enhancing building performance through its digital platform, OpenBlue.
Johnson Controls (NYSE: JCI) has been recognized for a second consecutive year in the FT Climate Leaders list, showcasing its substantial efforts in sustainability. The company has cut its energy and greenhouse gas intensity by over 70% since 2002, and has achieved a 38% reduction in scope 1 and 2 emissions since 2017, eliminating over 415,000 metric tons of CO2e. With initiatives like the OpenBlue digital platform, Johnson Controls is leading in decarbonizing buildings globally, aligning with the EU's ambitious climate goals for 2030 and 2050.
On March 30, 2022, the Canada Infrastructure Bank (CIB) and Johnson Controls (NYSE: JCI) announced a partnership to invest over CAD 125 million in decarbonization retrofit projects across Canada. The CIB will contribute up to CAD 100 million, covering 80% of total project costs, while Johnson Controls will provide at least 20%. This initiative aims to reduce greenhouse gas emissions by more than 48,000 tonnes annually and create over 900 jobs in the trades sector. The collaboration is part of Canada's goal to achieve net-zero emissions by 2050.