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) has appointed Diane Schwarz as its new chief information officer (CIO), effective immediately. Schwarz will spearhead a comprehensive IT strategy aimed at enhancing reliability and alignment with business goals, further supporting the company's global growth. Previously, she held senior roles at Hunt Consolidated and Textron, showcasing her extensive experience in technology leadership. CEO George Oliver emphasized the importance of her role in fostering innovation and customer service through the company's connected solutions.
On Aug. 4, 2020, Johnson Controls (NYSE: JCI) announced it has acquired the remaining stake in Qolsys Inc., enhancing its capabilities in security and smart building solutions. Johnson Controls, which had held a majority stake since 2014, intends to leverage Qolsys's innovation to bolster its OpenBlue digital platform. Qolsys reported $150 million in revenues for fiscal year 2019, showcasing significant growth in the security market. This acquisition is seen as a strategic move to improve operational efficiencies and expand product offerings globally.
Johnson Controls (NYSE: JCI) launched OpenBlue, a suite of connected solutions and services aimed at enhancing smart and sustainable buildings. This comprehensive digital platform integrates advanced technology with 135 years of industry expertise to improve safety, efficiency, and sustainability. OpenBlue enables dynamic building management through AI-infused services and operational flexibility, addressing critical needs such as COVID-19 response, energy savings, and security. Partnerships with Fortune 100 companies will enhance its capabilities, marking a significant evolution in building management technology.
Johnson Controls International plc (NYSE: JCI) reported a fiscal Q3 2020 GAAP loss per share of $0.24. Adjusted EPS was $0.67, up 3% year-over-year. Sales fell 17% to $5.3 billion, driven by COVID-19 impacts, with an adjusted EBIT of $707 million and a margin of 13.2%. The company reported a non-cash goodwill impairment charge of $424 million related to their Retail business. For Q4, JCI expects an organic revenue decline of 9% to 11% and an adjusted EPS guidance of $0.68 to $0.72. The launch of the OpenBlue digital platform is expected to enhance operational efficiency.
Johnson Controls (NYSE:JCI) announced the launch of the Tyco Illustra Pro Thermal EST, a smart elevated skin temperature scanning solution designed to enhance safety in buildings during the pandemic. This contactless system exceeds standards set by the International Electrotechnical Commission and complies with FDA guidelines. The technology ensures rapid and accurate temperature screening, minimizing crowding, and facilitating a smoother entry experience. The product is available in the US and will be released globally in phases.
Johnson Controls International plc (NYSE: JCI) announced its Third Quarter Fiscal 2020 Earnings Conference Call set for July 31, 2020 at 8:30 a.m. EDT. The call will be accessible via webcast and telephone. A replay will be available from 10:30 a.m. EDT on the same day until August 8, 2020. Johnson Controls focuses on optimizing environments across various sectors, including healthcare and education, with a workforce of 105,000 experts globally. For further details, investors can visit their investor relations page.
Johnson Controls (NYSE:JCI) and Lawrence Berkeley National Laboratory announced the public launch of the Building Efficiency Targeting Tool for Energy Retrofits (BETTER). This open-source tool allows for rapid energy consumption analysis and improvement recommendations without on-site audits, crucial during the COVID-19 pandemic. Over 400,000 energy efficiency workers in the U.S. are currently unemployed, highlighting the tool's importance. BETTER has been tested in over 700 buildings globally, with applications across multiple organizations including schools and energy companies.
Johnson Controls (NYSE: JCI) emphasizes its commitment to enhancing indoor air quality in buildings as they reopen post-pandemic. The company focuses on improving HVAC systems to increase outdoor air circulation and filtration, utilizing UV-C lighting to eliminate pathogens. As part of its strategy, Johnson Controls highlights products like York Air Handling Units and Koch Filters to ensure healthier environments. The ongoing demand for healthy building solutions is expected to drive investments as economies recover, underscoring the importance of air quality in public health.