Group 1: Market Conditions - Johnson Controls' shares rose by 10.2% in March, influenced by positive updates from competitors [1] - Siemens Smart Infrastructure reported that its smart infrastructure business is performing well, which bodes well for Johnson Controls' market prospects [2] Group 2: Company Restructuring - Johnson Controls is considering selling parts of its residential and light commercial HVAC businesses, with potential buyers including Robert Bosch, Samsung, and Lennox International, for assets valued over $6 billion [3] - The sale would allow Johnson Controls to focus on its core commercial HVAC and fire and security products [3] Group 3: Strategic Rationale - Investors may favor the sale as it aligns with the trend of commercial building owners retrofitting HVAC systems to enhance efficiency and meet net-zero emissions targets [4] - The residential and light commercial HVAC segments contributed only 10% of sales in 2023, indicating that divesting these units could strengthen the investment case for the company [5] Group 4: Operational Challenges - Johnson Controls is currently assessing the impact of a cyber attack that affected its growth in Q1 2024 [5] - The company is experiencing a temporary sales weakness as dealers deplete excess inventory built during the supply chain crisis [5][6] - Management anticipates a significant sales growth rebound in the second half of the financial year [6]

CORK, Ireland, March 13, 2024 /PRNewswire/ -- The board of directors of Johnson Controls International plc (NYSE: JCI), the global leader in smart, healthy and sustainable buildings, has approved a regular quarterly dividend of $0.37 per share of common stock, payable on April 19, 2024, to shareholders of record at the close of business on March 25, 2024. Johnson Controls has paid a consecutive dividend since 1887. About Johnson ControlsAt Johnson Controls (NYSE:JCI), we transform the environments where peo ...

MILWAUKEE, March 12, 2024 /PRNewswire/ -- Johnson Controls (NYSE: JCI), the global leader for smart, healthy and sustainable buildings, today announced the Johnson Controls Foundation's pledge of $1 million to the American Red Cross Annual Disaster Giving Program (ADGP) over the next two years. By making a proactive donation to Red Cross Disaster Relief, the Foundation is helping ensure the organization is prepared to meet the needs of people affected by disasters big and small across the United States. ...

Annual recognition highlights organizations that have demonstrated a commitment to business integrity through robust ethics, compliance, and governance programs CORK, Ireland, March 4, 2024 /PRNewswire/ -- Johnson Controls (NYSE: JCI), the global leader for smart, healthy, and sustainable buildings, has received the 2024 World's Most Ethical Companies® recognition by Ethisphere, a global leader in defining and advancing the standards of ethical business practices, marking the 17th time Johnson Controls has ...

A month has gone by since the last earnings report for Johnson Controls (JCI) . Shares have added about 12.9% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Johnson Controls due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Johnson Controls Q1 Earnings Beat, Revenu ...

CORK, Ireland, Feb. 15, 2024 /PRNewswire/ -- Johnson Controls International plc (NYSE: JCI), the global leader for smart, healthy and sustainable buildings, will present at the Citi's 2024 Global Industrial Tech and Mobility Conference in Miami Beach, Florida. Chairman and CEO, George Oliver, will participate on Thursday, Feb. 22, 2024, at 9:40 a.m. EST. A live webcast of the presentation will be available on the company's website at: http://investors.johnsoncontrols.com/news-and-events/events-and-presentat ...

Johnson Controls International plc (JCI) reported first-quarter fiscal 2024 (ended Dec 31, 2023) adjusted earnings of 51 cents per share, which beat the Zacks Consensus Estimate for earnings of 50 cents per share. However, the bottom line decreased 23.9% year over year.Total revenues of $6,094 million missed the consensus estimate of $6,126 million. The top line increased 0.4% year over year.Segmental ResultsBuilding Solutions North America: The segment’s revenues were $2,487 million, up 5% year over year. ...

Johnson Controls International plc (NYSE:JCI) Q1 2024 Earnings Conference Call January 30, 2024 8:30 AM ET Company Participants Jim Lucas - VP, IR George R. Oliver - Chairman and CEO Olivier C. Leonetti - EVP and CFO Marc Vandiepenbeeck - VP and President, Building Solutions, EMEALA Conference Call Participants Scott Davis - Melius Research Stephen Tusa - J.P. Morgan Jeffrey Sprague - Vertical Research Nigel Coe - Wolfe Research Noah Kaye - Oppenheimer Joseph Ritchie - Goldman Sachs Andrew Kaplowitz - Citig ...

Johnson Controls (JCI) reported $6.09 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 0.4%. EPS of $0.51 for the same period compares to $0.67 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $6.13 billion, representing a surprise of -0.52%. The company delivered an EPS surprise of +2.00%, with the consensus EPS estimate being $0.50.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- ...

Johnson Controls (JCI) came out with quarterly earnings of $0.51 per share, beating the Zacks Consensus Estimate of $0.50 per share. This compares to earnings of $0.67 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2%. A quarter ago, it was expected that this diversified technology and industrial company would post earnings of $1.09 per share when it actually produced earnings of $1.05, delivering a surprise of -3.67%.Over th ...