Johnson Ctls Intl Plc Stock Price, News & Analysis

Johnson Controls (NYSE: JCI) is enhancing efficiency and sustainability at eight Paris Olympic venues for the 2024 Games. The company is integrating advanced building automation systems, HVAC, and fire suppression technologies to improve safety, operational efficiency, and reduce the event's carbon footprint by 50% compared to previous Games.

Key implementations include:

• Two York 3.3 MW industrial chillers at the La Chapelle cooling plant in the Adidas Arena complex
• Metasys building automation system at a renowned tennis stadium, controlling HVAC, lighting, and energy management

These solutions aim to provide sustainable cooling, optimize venue conditions, and minimize environmental impact. Johnson Controls' expertise in smart stadiums has made it a partner of choice for venues worldwide, including Intaleq in Doha, Fiserv Forum in Milwaukee, and Allegiant Stadium in Las Vegas.

Sensormatic Solutions, a retail solutions portfolio of Johnson Controls (NYSE: JCI), has released its 2024 U.S. Back-to-School Consumer Sentiment Survey. The survey reveals that 74% of consumers plan to do their back-to-school shopping in-store, continuing the trend from previous years.

While in-store shopping remains the top choice, digital options are also evolving, with 43% planning to use 'buy online, pick up in-store' (BOPIS), up from 34% in 2023, and 25% opting for curbside pickup, up from 19%.

Security, price, and sustainability are key factors influencing consumer decisions. Notably, 75% of consumers consider price a important factor, with 34% planning to spend less than in previous years. Meanwhile, 83% of respondents consider sustainability important, a rise from 77% in 2023.

Retailers are encouraged to adapt to consumer needs, leveraging data-driven technologies to enhance the shopping experience and meet high-volume demands.

Truelink Capital announced a definitive agreement to acquire Air Distribution Technologies from Johnson Controls on June 18, 2024. The financial terms were not disclosed, and the transaction is expected to close in the second half of 2024, subject to customary conditions.

Air Distribution Technologies, a market leader in air management and filtration solutions, operates across more than 25 global locations with over 4,500 employees. The company's portfolio includes brands like Koch Filter, Titus, and Ruskin, serving a diversified customer base. Post-transaction, Doug Schuster will continue as CEO.

Truelink aims to expand the business through commercial and operational investments, and this acquisition marks its fifth since its launch in 2022.

Johnson Controls (NYSE: JCI) has announced the sale of its Air Distribution Technologies business to Truelink Capital, a private equity firm. The sale aligns with Johnson Controls' strategy to simplify its portfolio and enhance its focus on providing comprehensive solutions for commercial buildings. Key brands included in the sale are Koch Filter, Titus, Ruskin, Kreuger, PennBarry, and Tuttle & Bailey. Manufacturing facilities in the US, Mexico, India, Thailand, and the UAE will be transferred to Truelink. The transaction is expected to close in the second half of 2024, pending customary conditions.

Johnson Controls International (NYSE: JCI) announced a quarterly dividend of $0.37 per share of common stock. This dividend is payable on July 19, 2024, to shareholders who are on record as of June 24, 2024. The company has a long history of dividend payments, having consecutively paid since 1887.

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.