JCI Stock Recent News

Johnson Controls (JCI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Johnson Controls International Plc (JCI) sold its residential and light commercial HVAC business to Germany-based engineering and technology firm Bosch for a total consideration of $8.1 billion.

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 presentation will be available that morning for downloading.

STUTTGART, Germany--(BUSINESS WIRE)--Bosch, the supplier of technology and services, is continuing its growth course with a strategic acquisition. For its Energy and Building Technology business sector, the Bosch Group plans to take over the global HVAC solutions business for residential and light commercial buildings from Johnson Controls. As part of this transaction, Bosch also intends to acquire 100 percent of the Johnson Controls-Hitachi Air Conditioning (JCH) joint venture, including Hitac.

Johnson Controls International (JCI) said on Tuesday that it will sell a portfolio of its heating and ventilation units to Germany's Bosch Group for $6.7 billion.

Divestiture Advances Johnson Controls' Transformation into a Pure-Play Provider of Comprehensive Solutions for Commercial Buildings Transaction Valued At $8.1 Billion; JCI Consideration of $6.7 Billion Company Provides Preliminary 2024 Third Fiscal Quarter Earnings Update CORK, Ireland , July 23, 2024 /PRNewswire/ -- Johnson Controls International plc (NYSE: JCI) ("Johnson Controls" or the "Company"), the global leader in smart, healthy, safe and sustainable buildings, today announced it has reached a definitive agreement to sell its Residential and Light Commercial (R&LC) HVAC business in an all-cash transaction to the Bosch Group ("Bosch").  The transaction includes the North America Ducted business and global Residential joint venture with Hitachi, Ltd.

PARIS , July 22, 2024 /PRNewswire/ -- As the Paris Olympics 2024 is about to get underway, millions of fans will travel to the French capital city to attend one of the world's largest sporting events. Thanks to the latest technology from Johnson Controls (NYSE: JCI), they will enjoy a more comfortable experience at some of the smartest and most energy-efficient stadiums on the continent.

Johnson Controls (JCI) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Johnson Controls (JCI) is set to benefit from strength in the Building Solutions North America segment. However, weakness in the Global Products segment remains a concern.

Johnson Controls International plc shares have surged 22.52% year-to-date, outperforming the S&P 500. The HVAC industry is experiencing high growth driven by energy efficiency and data center cooling demand. Strategic acquisitions and financial performance indicate a compelling long-term investment opportunity with potential for high returns.