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) was recognized in the inaugural FT Climate Leaders in Europe list for its significant reduction in emission intensity from 2014 to 2019. Out of over 4,000 companies, only 300 made the list, highlighting Johnson Controls' commitment to sustainability. The company has cut its emissions intensity by over 70% since 2002 and helped customers save 30.6 million tonnes of CO2. With plans to achieve net zero carbon by 2040 and ambitious targets for 2030, Johnson Controls remains a leader in smart, sustainable building solutions.
On May 13, 2021, Johnson Controls (NYSE: JCI) announced the financing and operation of a 2 MW community solar garden in Pueblo, Colorado, in partnership with GRID Alternatives Colorado and Capital Dynamics. This project, part of six contracted initiatives, will provide renewable energy for 200 households, specifically targeting low-income residents. The community solar effort aims to reduce energy costs and offer job training opportunities, enhancing sustainability and public health in the area.
Johnson Controls International plc (NYSE: JCI) announced the successful acquisition of Silent-Aire, a leader in custom air handlers and modular data centers, on May 12, 2021. This strategic move is expected to enhance Johnson Controls' sustainable data center solutions portfolio and drive innovation. Silent-Aire's anticipated revenue for fiscal year 2021 is around $650 million, with a projected $0.07 to $0.09 increase in adjusted EPS for fiscal 2022. The acquisition aligns with Johnson Controls' goal of fostering rapid deployment of critical infrastructure in the data center market.
On May 11, 2021, Johnson Controls (NYSE: JCI) announced the appointment of Vijay Sankaran as vice president and chief technology officer. This role aims to enhance the OpenBlue digital platform and boost software engineering capabilities. Sankaran, previously at TD Ameritrade, is expected to leverage his extensive experience in technology transformation to strengthen customer solutions and market competitiveness. CEO George Oliver emphasized the significance of this appointment in addressing trends like sustainability and energy efficiency.
Johnson Controls (NYSE: JCI) will participate in the Goldman Sachs Industrials & Materials Conference 2021. The event is scheduled for May 13, 2021, at 10:30 a.m. EDT, featuring insights from CFO Olivier Leonetti. A live webcast will be accessible on their website.
Johnson Controls aims to enhance building environments and technology, having a workforce of 100,000 across 150 countries, establishing itself as a leader in smart and sustainable buildings.
Johnson Controls International plc (NYSE: JCI) reported Q2 2021 GAAP EPS of $0.48 and adjusted EPS of $0.52, a 24% increase year-over-year. Sales reached $5.6 billion, up 3% from the previous year, with adjusted net income rising 18% to $373 million. Highlights include a $250 million annualized savings target from COGS actions. The company also raised guidance for Q3 and full-year 2021, forecasting organic revenue growth of mid-teens for Q3 and adjusted EPS of $2.58 to $2.65 for the full year, representing 15-18% growth.
On April 22, 2021, Johnson Controls (NYSE: JCI) announced a global partnership with the International WELL Building Institute™ (IWBI™) to advance the WELL Building Standard™ for enhancing health and safety in buildings. Johnson Controls will establish a Healthy Buildings Center of Excellence and aims to achieve WELL Health-Safety Ratings at its headquarters in the USA and China by Q3 FY21. The company plans to support employees pursuing WELL AP credentials, fostering expertise in healthy building practices. This collaboration aims to promote sustainable, healthy environments.
Johnson Controls (NYSE: JCI) announced that Chairman and CEO George Oliver has been invited by President Joe Biden to participate in the virtual Leaders Summit on Climate. The summit aims to strengthen collective efforts against climate change ahead of the COP26 conference. Oliver emphasized the importance of a roadmap for limiting global temperature rise and highlighted the economic benefits of a lower-carbon economy. He will speak on April 23 about building roles in reducing emissions. Johnson Controls targets a 55% reduction in operational emissions by 2030 and is committed to sustainability.
Johnson Controls International (NYSE: JCI) will have Executive Vice President and CFO Olivier Leonetti speak at the Oppenheimer 16th Annual Industrial Growth Conference on May 4, 2021, at 9:00 a.m. EDT. A live webcast of the presentation will be available on their official website.
With over 135 years of innovation, Johnson Controls leads in smart and sustainable building solutions, catering to industries like healthcare, schools, and data centers.
On April 15, 2021, Johnson Controls (NYSE: JCI) introduced OpenBlue Buildings as a Service, a digital transformation initiative aimed at enhancing sustainability and operational efficiency in building management. Leveraging over 135 years of experience, this service allows building owners to transfer lifecycle risks, including design, energy efficiency, and maintenance, to Johnson Controls. With contracts exceeding $1 billion and remarkable results from partners like Children's of Alabama, which cut natural gas use by 69%, the initiative reflects a strong commitment to environmental stewardship, while improving total cost of occupancy.