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.
Johnson Controls (JCI) announced an agreement to acquire Silent-Aire for up to $870 million. The deal includes approximately $630 million upfront, with additional payments based on performance milestones. Silent-Aire, a leader in data center cooling solutions, expects $650 million in revenue for fiscal year 2021. This acquisition aims to enhance Johnson Controls' presence in the data center market, aligning with its growth strategies. The transaction is projected to close in fiscal Q3 2021 and is expected to add $0.07 to $0.09 to adjusted EPS in fiscal 2022.
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Johnson Controls (NYSE: JCI) announced that the Science Based Targets Initiative (SBTi) has approved its greenhouse gas emissions reduction targets, aligning with the Paris Agreement's goals. The company aims to reduce operational emissions by 55% and customer emissions by 16% by 2030. The SBTi validation reinforces Johnson Controls’ strategy for sustainability and its commitment to net-zero emissions. The OpenBlue platform will play a key role in achieving these objectives, promoting healthier environments. Johnson Controls has also joined the Business Ambition for 1.5°C campaign and is committed to reaching net-zero carbon emissions by 2040.
Essence SmartCare has partnered with ADT Security Australia to introduce the Care@Home Enhanced Telecare Services Platform. This initiative aims to expand ADT’s Health and Wellness services targeting the growing senior population in Australia, projected to increase from 33% to 55% for those over 75 in the next 30 years. The Care@Home solution, leveraging advanced technology and AI, promises improved senior care through continuous monitoring and real-time communication. The home care service sector in Australia is estimated to generate annual revenues of approximately $4.5 billion AUD.
Johnson Controls International plc (NYSE: JCI) has announced an increase in its annual cash dividend to $1.08 per share from $1.04, effective from the fiscal second quarter, with a payout ratio of approximately 42%. This dividend payment of $0.27 per share is scheduled for April 16, 2021. Additionally, the company has raised its share repurchase authorization by $4 billion, supplementing the $2 billion remaining from a previous authorization. This strategic move highlights the company's strong balance sheet and ongoing commitment to return capital to shareholders.
Johnson Controls International (NYSE: JCI) will present at the JP Morgan Industrials Conference on March 15, 2021, at 10:30 a.m. EST. Chairman and CEO George Oliver and CFO Olivier Leonetti will participate, with a live webcast available on the company’s website. Johnson Controls enhances environments in various sectors, including healthcare and education, leveraging over 130 years of innovation. For more details, visit www.johnsoncontrols.com.
Johnson Controls (NYSE:JCI) has been recognized by Ethisphere as one of the 2021 World's Most Ethical Companies, marking the 14th time it has received this honor. The award highlights the company's commitment to ethical business practices and compliance programs, essential for maintaining stakeholder trust. Johnson Controls stands out as one of only nine honorees in its industry category. CEO George Oliver emphasized that integrity drives both employee engagement and overall business performance, reinforcing their mission for healthy environments globally.
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Johnson Controls (NYSE: JCI) announced strategic SG&A actions aimed at improving operational efficiency and profitability, projecting annual savings of $300 million by fiscal year-end 2023. The one-time pretax costs associated with these actions are estimated at $240 million, primarily recorded in fiscal 2021. The company has raised its fiscal 2021 adjusted EPS outlook to $2.50 to $2.60, alongside an expected adjusted Segment EBITA margin increase of 60 to 90 basis points. The outlook for organic revenue growth and free cash flow conversion remains unchanged.