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Johnson Controls International plc (NYSE: JCI) delivers innovative smart building technologies and energy-efficient solutions for commercial and industrial facilities worldwide. This dedicated news hub provides investors and stakeholders with timely updates on corporate developments, financial performance, and technological advancements shaping the future of intelligent infrastructure.
Access authoritative coverage of JCI's strategic initiatives, including quarterly earnings announcements, product innovation launches, and sustainability-driven partnerships. Our curated news collection simplifies tracking of leadership changes, regulatory updates, and market expansion efforts while maintaining strict adherence to factual reporting standards.
Stay informed about JCI's progress in critical areas like HVAC system advancements, fire safety technologies, and building automation platforms through verified press releases and objective analysis. Bookmark this page for centralized access to operational updates that impact JCI's position in the global building technologies sector.
Sensormatic Solutions, a part of Johnson Controls (NYSE: JCI), announced the expansion of its RFID Service Bureaus with a new facility in Matamoros, Mexico. This expansion enhances their global reach, providing custom-printed and encoded RFID tags and labels directly to retailers and manufacturers in North and Central America. The new service bureau complements existing facilities in Asia, Europe, and Latin America. The initiative aims to simplify source tagging, improve inventory accuracy, enhance supply chain visibility, and reduce labor demands. Previous collaborations, like with Renner in Brazil, have shown significant improvements in inventory accuracy and stockout reductions.
Johnson Controls (NYSE: JCI) announced the formation of a dedicated Global Data Center Solutions organization to meet growing demand. Led by company veteran Todd Grabowski, the new division aims to leverage Johnson Controls' extensive resources to deliver integrated data center solutions globally. Grabowski will report to Chairman and CEO George Oliver. This move is part of Johnson Controls' strategy to capitalize on the booming data center market through innovative technologies, extensive R&D, and a comprehensive service portfolio. The company aims to provide energy-efficient, sustainable, and safe solutions to data center customers, enhancing efficiency and reducing costs.
Johnson Controls (NYSE: JCI) has announced the reference yields for its cash tender offers and increased its aggregate tender cap from $90 million to $119 million for its outstanding senior notes. The tender offers, initially announced on May 20, 2024, will expire on June 18, 2024. The early tender date was June 3, 2024, with early settlement on June 6, 2024. The 5.125% Senior Notes due 2045 saw $164.999 million tendered, but only $119 million will be accepted at a proration factor of 72.18%. The 4.500% Senior Notes due 2047 had $108.749 million tendered, but none will be accepted. All other terms remain unchanged.
Johnson Controls (NYSE: JCI) has announced early results for its cash tender offers for up to $90 million in senior notes, potentially increasing the cap to $117 million. The early tender date was June 3, 2024, with 44.35% of 5.125% Senior Notes due 2045 and 21.75% of 4.500% Senior Notes due 2047 tendered. The tender offers expire on June 18, 2024. Securities tendered after the early date will not be accepted. The payment date for accepted tenders is June 6, 2024. The company's tender offers are subject to conditions described in the Offer to Purchase.
Sensormatic Solutions, part of Johnson Controls (NYSE: JCI), has partnered with Thruvision to introduce next-generation walk-through security screening technology using passive terahertz cameras. The partnership aims to enhance loss prevention in retail settings by addressing internal theft, which accounts for 40% of the total value of theft. Thruvision’s technology can detect items hidden under clothing from up to 7 meters away without emitting radiation or capturing personal details. This collaboration promises to reduce internal losses, improve operational efficiency, and enhance employee and customer experiences.
Johnson Controls (NYSE: JCI) announced a cash tender offer for up to $90 million in aggregate principal amount of its senior notes.
The offer includes its 5.125% Senior Notes due 2045 and 4.500% Senior Notes due 2047, with an early tender payment of $50 per $1,000 principal amount.
Investors must tender their securities by June 3, 2024, to receive the early payment, and the offer expires on June 18, 2024.
The company may modify the aggregate cap without extending the withdrawal deadline, and any changes could be significant.
Payment for validly tendered securities will be made on June 21, 2024, or earlier for those tendered by the early date.
Johnson Controls (NYSE: JCI) has announced its participation in the 17th Annual Wolfe Research Global Transportation & Industrials Conference. The event will take place in New York, with CFO Marc Vandiepenbeeck presenting on May 21, 2024, at 11:10 a.m. EDT. A live webcast of the presentation will be accessible on the company's website.
Johnson Controls has appointed Chris Bontempo as the Vice President and Chief Marketing Officer, bringing his extensive experience from IBM to lead marketing strategies, drive demand generation, and enhance brand equity. Bontempo's expertise in data, AI, and the digital ecosystem will help Johnson Controls grow market share and connect customers with innovative technologies.
Johnson Controls reported solid Q2 results with flat sales versus the prior year and a 1% organic increase. The GAAP EPS was $(0.41), while adjusted EPS stood at $0.78. Orders increased by 12% organically year-over-year, with a Building Solutions backlog of $12.6 billion, up 10% organically. The company maintains its FY24 guidance and initiates fiscal Q3 confidently.
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