CORK, Ireland, July 23, 2024 /PRNewswire/ -- Johnson Controls International plc (NYSE: JCI), the global leader for smart, healthy and sustainable buildings, announces the following webcast:  What: Johnson Controls Third Quarter Fiscal 2024 Earnings Conference Call When: Wednesday, July 31, 2024, at 8:30 a.m. ET How: 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 presenta ...

Core Insights - Johnson Controls has agreed to sell its Residential and Light Commercial (R&LC) HVAC business to Bosch for a total transaction value of $8.1 billion, with Johnson Controls receiving approximately $6.7 billion [1][5] - This divestiture is part of Johnson Controls' strategy to transform into a pure-play provider of comprehensive solutions for commercial buildings, simplifying its portfolio and enhancing strategic focus [2][3] Transaction Details - The sale includes the North America Ducted business and a global joint venture with Hitachi, where Johnson Controls holds a 60% stake [1] - The North America Ducted business is valued at approximately $4.6 billion, representing a multiple of 16.7x fiscal 2023 EBITDA, while the joint venture interest is valued at about $2.1 billion, representing a multiple of 7.5x fiscal 2023 EBITDA [5] - Net cash proceeds to Johnson Controls are expected to be around $5.0 billion after tax and transaction-related expenses [5] Business Impact - The R&LC HVAC business generated approximately $4.5 billion in consolidated revenue in fiscal 2023 and will continue to operate under various brands post-transaction [3] - The transaction is anticipated to be accretive to profit margins, adjusted for equity income impact [5] Future Outlook - Johnson Controls expects to report the operating results of the R&LC HVAC business in discontinued operations starting in the fourth fiscal quarter of 2024 [7] - The company anticipates that the transformation will position it for higher growth and enhanced long-term value for shareholders [3][6] Earnings Update - Johnson Controls expects adjusted earnings per share for the third fiscal quarter of 2024 to be slightly ahead of previous guidance [8]

Core Insights - Johnson Controls is enhancing the fan experience at the Paris 2024 Olympics by implementing advanced building automation systems and energy-efficient technologies across eight venues, contributing to the International Olympic Committee's goal of reducing the event's carbon footprint by 50% compared to previous Games [1][2][3] Group 1: Technology and Innovation - The La Chapelle cooling production plant, featuring Johnson Controls' York 3.3 MW industrial chillers, is designed to provide sustainable cooling for the Adidas Arena and surrounding areas, marking it as a key facility in Paris's cooling network [2] - The Metasys building automation system from Johnson Controls integrates critical building equipment such as HVAC and lighting control, allowing for real-time performance monitoring and adjustments to enhance operational efficiency and sustainability [2][3] Group 2: Company Positioning and Strategy - Johnson Controls positions itself as a leader in smart stadium technology, partnering with various prestigious venues globally to drive energy efficiency, carbon reduction, and improved building management [3] - The company offers a comprehensive range of technologies, including its OpenBlue digital platform, to support the development of smart, healthy, and sustainable buildings across multiple sectors, including sports and entertainment [4][5]

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Johnson Controls (JCI) . This company, which is in the Zacks Security and Safety Services industry, shows potential for another earnings beat.This diversified technology and industrial company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an ave ...

Johnson Controls International plc (JCI) is benefiting from strong momentum in the Building Solutions North America and Building Solutions Europe, Middle East, Africa/Latin America (EMEA/LA) segments. Solid demand for heating, ventilation and air conditioning (“HVAC”) platform in data centers & strength in controls businesses are driving the Building Solutions North America segment. The increase in demand for HVAC platforms across Latin America and Middle East regions, and strength in industrial refrigerati ...

Johnson Controls International plc (JCI) recently entered into an agreement with Truelink Capital for the divestment of its Air Distribution Technologies business. JCI’s Air Distribution Technologies business is well known for its innovative air distribution and ventilation solutions for residential and non-residential buildings.Johnson Controls’ shares inched down 0.3% yesterday, ending the trading session at $69.10.Based in Los Angeles, Truelink Capital is a middle-market private equity company that prima ...

Core Viewpoint - Truelink Capital has announced a definitive agreement to acquire Air Distribution Technologies from Johnson Controls, with the transaction expected to close in the second half of 2024, subject to customary closing conditions [1]. Company Overview - Air Distribution Technologies employs over 4,500 people and operates in more than 25 locations globally, specializing in the design and manufacture of products for the HVAC ecosystem [2]. - The company has a portfolio of well-recognized brands, including Koch Filter, Titus, Ruskin, Krueger, PennBarry, and Tuttle & Bailey, serving a diversified customer base [2]. Management and Future Plans - Todd Golditch, Co-Founder and Managing Partner of Truelink, expressed enthusiasm about the acquisition and plans to partner with the existing management team to expand the business and enhance operational capabilities [3]. - Doug Schuster will continue to lead Air Distribution Technologies as CEO post-transaction, emphasizing the company's commitment to agility and customer-centricity [4]. Strategic Intent - Truelink Capital aims to drive commercial excellence, operational enhancements, and long-term growth through strategic initiatives and potential M&A activities [4]. - This acquisition marks Truelink's fifth since its establishment in 2022, focusing on companies in the industrials and tech-enabled services sectors [4]. Company Background - Truelink Capital is a middle-market private equity firm based in Los Angeles, dedicated to building partnerships that drive long-term value through operational strategies [5].

Transaction reinforces Johnson Controls commitment to simplifying and standardizing portfolio as a comprehensive solutions provider for commercial buildings MILWAUKEE, June 18, 2024 /PRNewswire/ -- Johnson Controls (NYSE: JCI), a global leader for smart, healthy and sustainable buildings, today announced it has reached a definitive agreement to sell its Air Distribution Technologies business to Truelink Capital, a middle-market private equity firm based in Los Angeles. "The sale of our Air Distribution Tech ...

Company veteran Todd Grabowski appointed to lead new global organization focused on delivering integrated data center solutionsGrabowski to report directly to Chairman and CEO George OliverCORK, Ireland, June 5, 2024 /PRNewswire/ -- Johnson Controls (NYSE: JCI), the global leader for smart, healthy and sustainable buildings, today announced the creation of a dedicated Global Data Center Solutions organization, focused specifically on operationalizing Johnson Controls' global scale to provide integrated solu ...

CORK, Ireland, June 4, 2024 /PRNewswire/ -- Johnson Controls International plc (NYSE: JCI) (the "Company" or "Johnson Controls") today announced the Reference Yields for its previously announced cash tender offers (the "Tender Offers"), in the order of priority set forth in the table below, and the increase of the previously announced aggregate tender cap from $90,000,000 aggregate principal amount to $119,000,000 aggregate principal amount (as amended hereby, the "Aggregate Tender Cap") of the outstanding ...