JCI Stock Recent News

Johnson Controls (JCI) agrees to sell its Air Distribution Technologies business to focus more on its core business and rebalance its portfolio toward the commercial building solutions.

LOS ANGELES and PLANO, Texas , June 18, 2024 /PRNewswire/ -- Truelink Capital today announced that it has entered into a definitive agreement to acquire Air Distribution Technologies, a market leader in the air management and filtration solutions space, from Johnson Controls. Financial terms were not disclosed.

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 Technologies business is the next step as we continue to simplify our portfolio and advance our transformation into a comprehensive solutions provider for commercial buildings," said Johnson Controls Chairman and CEO George Oliver.

CORK, Ireland , June 12, 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 July 19, 2024, to shareholders of record at the close of business on June 24, 2024. Johnson Controls has paid a consecutive dividend since 1887.

NEUHAUSEN, Switzerland--(BUSINESS WIRE)--Sensormatic Solutions, the leading global retail solutions portfolio of Johnson Controls (NYSE: JCI), can now offer retailers industry-leading radio frequency identification (RFID) source tagging services globally. The organization's newest RFID Service Bureau in Matamoros, Mexico, expands the footprint of this service, making custom-printed and encoded RFID tags and labels more accessible to North and Central American retailers and their manufacturers f.

Company veteran Todd Grabowski appointed to lead new global organization focused on delivering integrated data center solutions Grabowski to report directly to Chairman and CEO George Oliver CORK, 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 solutions to data center customers around the world in support of the company's business segments. Todd Grabowski, president, Global Data Center Solutions, will lead the Global Data Center Solutions organization, reporting directly to Chairman and CEO George Oliver.

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 senior notes listed in the table below (collectively, the "Securities" and each a "series").  Except as described in this press release, all other terms of the Tender Offers as described in the offer to purchase, dated May 20, 2024 (as it may be amended or supplemented from time to time, the "Offer to Purchase"), remain unchanged.

CORK, Ireland , June 4, 2024 /PRNewswire/ -- Johnson Controls International plc (NYSE: JCI) (the "Company" or "Johnson Controls") today announced the early tender results for its previously announced cash tender offers (the "Tender Offers"), in the order of priority set forth in the table below, for up to $90,000,000 aggregate principal amount (the "Aggregate Tender Cap") of the outstanding senior notes listed in the table below (collectively, the "Securities" and each a "series"). The Company also announced that it anticipates increasing the Aggregate Tender Cap by an amount up to $27,000,000 aggregate principal amount, such that the increased maximum purchase amount would be up to $117,000,000 aggregate principal amount of the Securities, depending on the bid-side price of the applicable "U.S. Treasury Reference Security" to be determined at 10:00 a.m.

Johnson Controls (JCI) reported earnings 30 days ago. What's next for the stock?

Johnson Controls has underperformed its peers and the market in recent years. Management has a patchy record of meeting guidance.