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) 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.
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Johnson Controls International plc (NYSE: JCI) will present at Citi's 2021 Global Industrials Virtual Conference on February 17, 2021, at 1:00 p.m. EST. The presentation will feature Chairman and CEO George Oliver and CFO Olivier Leonetti. Investors can access a live webcast on the company's website here. This event marks a key opportunity for stakeholders to gain insights into Johnson Controls' strategies and performance.
Johnson Controls International plc (NYSE: JCI) executives will present at the Barclays Industrial Select Conference on February 17, 2021, at 8:10 a.m. EST. Chairman and CEO George Oliver and CFO Olivier Leonetti will lead the discussion. A live webcast of the presentation can be accessed on the company's official website.
For further information, investor contacts include Antonella Franzen at 609.720.4665, while media inquiries can be directed to Chaz Bickers at 224.505.9290.
Johnson Controls International plc (NYSE: JCI) announced fiscal Q1 2021 results, reporting GAAP EPS of $0.45 and adjusted EPS of $0.43, an 8% increase year-over-year. Sales totaled $5.3 billion, down 4% due to the COVID-19 impact. Net income from continuing operations was $327 million, while adjusted net income rose 2% to $311 million. EBIT was $492 million, with an 9.2% margin. The company expects organic revenue growth and margin expansion in Q2 2021 and reiterated its commitment to sustainability initiatives.
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On January 28, 2021, Johnson Controls (NYSE: JCI) revealed survey results from over 800 building decision-makers indicating a significant shift towards investing in healthy building technologies. The surveys highlighted that 90% of firms are allocating resources to these initiatives, prompted by a growing concern for employee wellness and sustainability. Key findings include 80% of organizations prioritizing the health and safety of occupants and 76% focusing on energy efficiency investments. Johnson Controls aims to meet these demands through its OpenBlue technologies, enhancing operational value and sustainability goals.
Johnson Controls (NYSE: JCI) announced on January 19, 2021, that its CEO George Oliver has been appointed chair of the Energy & Environment Committee by the Business Roundtable. This committee aims to promote sustainable policies as the U.S. focuses on clean energy in the upcoming administration. Oliver emphasized the importance of collective business action in combating climate change and driving innovation. Johnson Controls, with 100,000 employees, is committed to sustainable practices, receiving an A- rating from CDP for its emissions efforts. The company also launched its inaugural green bond and supports U.N. sustainability principles.
Johnson Controls (NYSE: JCI) has been recognized as the "IoT Partner Ecosystem of the Year" at the 2021 IoT Breakthrough Awards, marking its third consecutive year of accolades. The company was honored for its OpenBlue digital platform and the establishment of its nine OpenBlue Innovation Centers worldwide, aimed at promoting sustainable building technologies. They have partnered with major organizations, including a recent collaboration with Microsoft to enhance building management through digital transformation.
Johnson Controls International plc (NYSE: JCI) announced its First Quarter Fiscal 2021 Earnings Conference Call scheduled for January 29, 2021, at 7:30 a.m. EST. Investors can access the call via live webcast or telephone, with a slide presentation available for download. A replay will be accessible post-event until February 6, 2021. Johnson Controls focuses on optimizing building performance across various sectors, employing approximately 100,000 experts globally.