CORK, Ireland, Oct. 16, 2024 /PRNewswire/ -- Johnson Controls International plc (NYSE: JCI), the global leader for smart, healthy and sustainable buildings, announces the following webcast: What: Johnson Controls Fourth Quarter Fiscal 2024 Earnings Conference CallWhen: Wednesday, Nov. 6, 2024, at 8:30 a.m. ETHow: The conference call for investors can be accessed in the following ways:Live via webcast at http://investors.johnsoncontrols.com/news-and-events/events-and-presentations Note: A slide presentation ...

Core Insights - Johnson Controls International plc (JCI) is experiencing strong momentum in its Building Solutions segments across North America and EMEA/LA, driven by solid demand for HVAC platforms and controls businesses [1] - The company is investing in digital solutions, particularly the OpenBlue platform, to enhance growth and address customer needs, with a focus on sustainability and net-zero carbon emissions by 2040 [2] - JCI is strengthening its business through strategic acquisitions and divestitures, focusing on core growth areas while divesting non-profitable assets [3] - The company has been rewarding shareholders with increased dividends and share repurchases, reflecting a positive financial performance [4] - Challenges persist in the Building Solutions Asia Pacific segment, particularly in China, where sales have declined significantly [5] - Demand for JCI's products is influenced by construction and facility expansion projects, which are sensitive to economic conditions [6] - Rising material costs have increased the company's cost of sales, impacting profitability [7] Group 1: Business Performance - Strong momentum in Building Solutions North America and EMEA/LA segments due to demand for HVAC platforms and controls [1] - Recovery in the Global Products segment adds positive outlook for the company [1] - Strategic acquisitions, such as FM:Systems, enhance digital offerings while divesting non-core assets to focus on growth [3] Group 2: Financial Health - Shareholder rewards include $753 million in dividends (up 3.3% YoY) and $876 million in share repurchases (up 42.9%) in the first nine months of fiscal 2024 [4] - The company has seen a 45.1% increase in share value over the past year, outperforming the industry [4] Group 3: Challenges and Risks - Significant decline in sales (22%) in the Building Solutions Asia Pacific segment, particularly in China [5] - Economic conditions and construction demand are critical factors influencing the company's performance [6] - Increased material costs have led to a 1.8% rise in cost of sales to $13.4 billion, affecting profitability [7]

Core Insights - Investments in smart buildings are essential for enhancing sustainability, security, and cost savings in the commercial real estate sector [2][3][4] Group 1: Importance of Smart Buildings - 75% of commercial real estate and retail leaders believe smart buildings are crucial for accelerating digital transformation efforts [4] - Nearly two-thirds of leaders indicate that smart buildings are important for reducing costs, accelerating sustainability initiatives, and driving business growth [4] Group 2: Competitive Advantage and Integration Challenges - Investing in smart buildings serves as a competitive differentiator, helping leaders achieve sustainable, secure, and efficient outcomes [5] - Only 13% of leaders report having fully integrated building systems, leading to inefficiencies and increased risks [5] Group 3: Data and Partnership Needs - Building data is vital for decision-making across various departments, with many leaders acknowledging risks from limited data [5] - Leaders are seeking partners with advanced technology and integration capabilities to drive smart building initiatives [5] Group 4: Johnson Controls' Role - Johnson Controls positions itself as a comprehensive solutions provider for commercial buildings, offering a diverse portfolio of solutions [6] - The company's OpenBlue ecosystem combines data from various building systems to provide actionable insights and enhance operational efficiency [7]

Johnson Controls International plc (JCI) recently unveiled an update to its Building Automation System ("BAS"), Metasys, which is a comprehensive suite of integrated systems and servers that ensures reliable, coordinated control over building energy management. The latest version of the BAS is Metasys 14.0.Metasys 14.0 features advanced analytics tools that help enhance building efficiency with preconfigured energy dashboards, while a flat network architecture supports up to 800 IP devices across various pr ...

MILWAUKEE, Sept. 18, 2024 /PRNewswire/ -- Johnson Controls, the global leader for smart, healthy and sustainable buildings, today launched a highly anticipated update to the company's industry-leading Building Automation System (BAS), Metasys, which serves the needs of commercial, industrial and institutional buildings, regardless of industry.Metasys 14.0 is designed to elevate a commercial building’s overall performance and sustainability while enhancing occupant comfort, health and safety.The new iteratio ...

The AI revolution is spurring investment in data centers, and that's adding to the growth prospects of this industrial company.It's no secret that Nvidia's (NVDA -1.95%) stock price has surged in recent years thanks largely to its association with artificial intelligence (AI), particularly the massive spending being done to expand data center computing power. Along with the price surge has come a surge in valuation for the stock.If you are the type of investor who doesn't like buying hot stocks at hefty val ...

Johnson Controls International PLC JCI is scheduled to report its fiscal fourth-quarter results on Dec. 10, after having delivered an earnings beat for the previous quarter. While the company has significant exposure to data centers, among the more profitable verticals, the naming of its new CEO is likely to act as a catalyst for the stock, according to BofA Securities.Analyst Andrew Obin upgraded the rating for Johnson Controls International from Neutral to Buy, while raising the price target from $76 to $ ...

Strategic Focus - Johnson Controls is refining its portfolio by selling its residential HVAC business, aiming to position itself as a "Comprehensive Solutions Provider for Commercial Buildings" [1] - The company's comprehensive solutions include HVAC, fire safety, controls, security, and related services, with approximately 10% of the business still non-core after pending transactions [1] - Further divestitures are expected in the coming quarters to streamline the portfolio [1] Business Strategy and Growth - Johnson Controls is shifting from selling individual services to offering comprehensive solutions, including its OpenBlue Platform, which enables data-driven smart building services [3] - The Smart Building market is projected to grow at an annual rate of 11% through the decade, with a focus on outcome-based solutions that save building operators money over time [3] - The company has launched 8 OpenBlue Innovation Centers to educate customers and business channel partners on the benefits of connected solutions [3] - Johnson Controls' ability to sell and service a comprehensive suite of solutions provides a unique competitive advantage, as competitors primarily focus on single equipment or digital capabilities [3] Financial Performance and Valuation - Johnson Controls is trading at approximately 20 times FY 2024 free cash flow, with a free cash flow yield of around 5% [5] - The residential HVAC divestment is expected to free up several billion dollars in FY 2025 for share repurchases, with margins and profitability improving [5] - The company is projected to earn $5 per share in FY 2025, significantly above consensus, with potential for 15% to 20% annual earnings growth [5] - The stock is consolidating and appears poised for a breakout, with a reasonable 12 to 18-month target of $90, representing 25% upside [6][8] Operational and Strategic Execution - Johnson Controls has reduced its manufacturing facilities by over 25% through the sale of its Air Distribution Technologies business, improving its margin profile [4] - The company's Asia Pacific sales have stagnated, but an upturn in China or a weaker U.S. dollar could serve as a catalyst for growth [4] - The strategic shift towards comprehensive solutions is progressing, with real data showing increased connectivity and additional services being added to the installed base [4] Cybersecurity and Management - A 2023 cybersecurity breach raised concerns, particularly for a company in the building security business, highlighting the need for a strong cybersecurity culture [7] - The company is increasing its cybersecurity spending, but the effectiveness of these measures remains to be seen [7] - The selection of a new CEO with relevant experience will be critical to the company's strategic success and cybersecurity capabilities [7]

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Johnson Controls International plc (JCI) reported third-quarter fiscal 2024 (ended June 2024) adjusted earnings of $1.14 per share, which beat the Zacks Consensus Estimate of $1.08. The bottom line increased 11% year over year.Total revenues of $7.2 billion missed the consensus estimate of $7.4 billion. The top line increased 1% year over year while organic revenues inched up 3%.Segmental ResultsBuilding Solutions North America: Revenues were $2.9 billion, up 9% year over year. Our estimate was $2.9 billion ...