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Johnson Controls International PLC (JCI.N)

JCI.N on New York Stock Exchange

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14 Dec 2018
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Latest Key Developments (Source: Significant Developments)

Brookfield Business Partners In Partnership With CDPQ To Acquire Power Solutions Business From Johnson Controls
Tuesday, 13 Nov 2018 

Nov 13 (Reuters) - Brookfield Business Partners LP ::BROOKFIELD BUSINESS PARTNERS IN PARTNERSHIP WITH CDPQ TO ACQUIRE POWER SOLUTIONS BUSINESS FROM JOHNSON CONTROLS.BROOKFIELD BUSINESS PARTNERS LP - PARTNERS EXPECTS TO FUND APPROXIMATELY 30% OF EQUITY ON CLOSING FROM EXISTING LIQUIDITY.BROOKFIELD BUSINESS - TRANSACTION WILL BE FUNDED WITH ABOUT $3 BILLION OF EQUITY AND APPROXIMATELY $10.2 BILLION OF LONG-TERM DEBT FINANCING.BROOKFIELD BUSINESS PARTNERS LP - BROOKFIELD BUSINESS PARTNERS EXPECTS TO FUND APPROXIMATELY 30% OF EQUITY ON CLOSING FROM EXISTING LIQUIDITY.BROOKFIELD BUSINESS PARTNERS - CDPQ WILL COMMIT TO FUND ABOUT 30% OF EQUITY ON CLOSING, AND BALANCE WILL BE FUNDED BY OTHER INSTITUTIONAL PARTNERS.  Full Article

Johnson Controls Announces Agreement To Sell Power Solutions Business For $13.2 Bln
Tuesday, 13 Nov 2018 

Nov 13 (Reuters) - Johnson Controls International PLC ::PRESS RELEASE - JOHNSON CONTROLS ANNOUNCES AGREEMENT TO SELL POWER SOLUTIONS BUSINESS FOR $13.2 BILLION.JOHNSON CONTROLS ANNOUNCES AGREEMENT TO SELL POWER SOLUTIONS BUSINESS FOR $13.2 BILLION.JOHNSON CONTROLS INTERNATIONAL PLC - DEAL FOR TRANSACTION VALUED AT $13.2 BILLION.JOHNSON CONTROLS INTERNATIONAL PLC - NET CASH PROCEEDS ARE EXPECTED TO BE $11.4 BILLION AFTER TAX AND TRANSACTION-RELATED EXPENSES..JOHNSON CONTROLS INTERNATIONAL - EXPECTS TO DEPLOY $3.0 TO $3.5 BILLION OF PROCEEDS TOWARDS DEBT PAYDOWN AND RETAIN AN INVESTMENT GRADE CREDIT RATING.JOHNSON CONTROLS INTERNATIONAL PLC - FROM SALE, REMAINING PROCEEDS WILL BE AVAILABLE TO RETURN TO SHAREHOLDERS.JOHNSON CONTROLS - POWER SOLUTION'S OPERATING RESULTS WILL BE REPORTED IN DISCONTINUED OPERATIONS BEGINNING IN FIRST FISCAL QUARTER OF 2019.  Full Article

Johnson Controls International Has Hit A Last-Minute Snag In Its Quest To Sell Its Automotive-Battery Business - WSJ
Thursday, 8 Nov 2018 

Nov 8 (Reuters) - :JOHNSON CONTROLS INTERNATIONAL HAS HIT A LAST-MINUTE SNAG IN ITS QUEST TO SELL ITS AUTOMOTIVE-BATTERY BUSINESS - WSJ, CITING SOURCES.JOHNSON CONTROLS WAS NEAR DEAL TO SELL CAR-BATTERY UNIT TO BROOKFIELD ASSET MANAGEMENT FOR $14 BILLION; NOW INVITED APOLLO GLOBAL MANAGEMENT TO REBID -WSJ.  Full Article

Johnson Controls Reports Fiscal Q4 2018, Announces Additional $1 Bln Share Repurchase Authorization
Thursday, 8 Nov 2018 

Nov 8 (Reuters) - Johnson Controls International PLC ::JOHNSON CONTROLS REPORTS FISCAL Q4 2018 AND FULL YEAR EARNINGS WITH STRONG ORGANIC REVENUE GROWTH AND FREE CASH FLOW CONVERSION; ANNOUNCES AN ADDITIONAL $1B SHARE REPURCHASE AUTHORIZATION.Q4 ADJUSTED EARNINGS PER SHARE $0.93 FROM CONTINUING OPERATIONS EXCLUDING ITEMS.Q4 SALES $8.4 BILLION VERSUS I/B/E/S VIEW $8.26 BILLION.Q4 EARNINGS PER SHARE VIEW $0.93 -- THOMSON REUTERS I/B/E/S.SEES FY 2019 ADJUSTED EARNINGS PER SHARE $2.90 TO $3.05.Q4 GAAP EARNINGS PER SHARE $0.83 FROM CONTINUING OPERATIONS.ANNOUNCES AN ADDITIONAL $1B SHARE REPURCHASE AUTHORIZATION.ONGOING STRATEGIC REVIEW OF POWER SOLUTIONS BUSINESS IN FINAL STAGES.EXPECT FISCAL 2019 ADJUSTED EPS TO BE IN RANGE OF $2.90 TO $3.05.EXPECT FISCAL 2019 ADJUSTED EPS TO BE IN RANGE OF $2.90 TO $3.05.QTRLY NET SALES $ 8,370 MILLION VERSUS $8,136 MILLION.FISCAL 2019 GUIDANCE OF ORGANIC REVENUE GROWTH IN MID-SINGLE DIGITS.SEES FY INCREMENTAL SYNERGY AND PRODUCTIVITY SAVINGS OF $250 MILLION.BUILDING SOLUTIONS NORTH AMERICA BACKLOG AT END OF QUARTER OF $5.4 BILLION UP 6 PERCENT YEAR-OVER-YEAR, EXCLUDING ITEMS.SEES $0.12 HEADWIND FROM AN INCREASED TAX RATE AND AN $0.08 HEADWIND RELATED TO FOREIGN CURRENCY IN 2019.SEES FY ADJUSTED FREE CASH FLOW CONVERSION OF ABOUT 90%, EXCLUDING SPECIAL ITEMS.JOHNSON CONTROLS - HAVE ASSESSED MULTIPLE OPTIONS FOR POWER SOLUTIONS BUSINESS AND "HAVE MADE SIGNIFICANT PROGRESS TOWARD MAKING A FINAL DECISION".  Full Article

Con Edison Clean Energy Businesses & Johnson Controls Announces Joint Venture
Monday, 1 Oct 2018 

Oct 1 (Reuters) - Consolidated Edison Inc ::CON EDISON CLEAN ENERGY BUSINESSES AND JOHNSON CONTROLS ANNOUNCE BATTERY STORAGE TECHNOLOGY JOINT VENTURE.CON EDISON SOLUTIONS- UNDER AGREEMENT, JOHNSON CONTROLS EMPLOYEES WILL BECOME PART OF CO'S BUSINESSES EFFECTIVE IMMEDIATELY.CON EDISON SOLUTIONS- BEEN DESIGNATED EXCLUSIVE PROVIDER OF BATTERY ENERGY STORAGE TO CUSTOMERS OF JOHNSON CONTROLS .CON EDISON SOLUTIONS - CO WILL BE MAJORITY OWNER & OPERATING PARTNER OF JOINT VENTURE, WHILE JOHNSON CONTROLS WILL PARTICIPATE AS A MINORITY OWNER.  Full Article

Johnson Controls Reports Q3 Adjusted Earnings Per Share $0.81 From Continuing Operations Excluding Items
Tuesday, 31 Jul 2018 

July 31 (Reuters) - Johnson Controls International PLC ::JOHNSON CONTROLS REPORTS FISCAL Q3 EARNINGS WITH STRONG ORGANIC GROWTH AND UNDERLYING MARGIN EXPANSION.Q3 ADJUSTED EARNINGS PER SHARE $0.81 FROM CONTINUING OPERATIONS EXCLUDING ITEMS.Q3 GAAP EARNINGS PER SHARE $0.78 FROM CONTINUING OPERATIONS.Q3 SALES $8.1 BILLION VERSUS I/B/E/S VIEW $7.96 BILLION.Q3 EARNINGS PER SHARE VIEW $0.79 -- THOMSON REUTERS I/B/E/S.SEES FY ADJUSTED EARNINGS PER SHARE $2.80 TO $2.82 FROM CONTINUING OPERATIONS.TIGHTENED FULL YEAR GUIDANCE RANGE FOR ADJUSTED EPS FROM CONTINUING OPERATIONS TO $2.80 TO $2.82.EXPECT TO CONCLUDE REVIEW BY RELEASE OF OUR Q4 EARNINGS.JOHNSON CONTROLS INTERNATIONAL - "SIGNIFICANT" PROGRESS HAVE BEEN MADE ON STRATEGIC REVIEW OF POWER SOLUTIONS BUSINESS, ACROSS MULTIPLE ALTERNATIVES.JOHNSON CONTROLS INTERNATIONAL - BUILDING SOLUTIONS NORTH AMERICA BACKLOG AT END OF QUARTER OF $5.4 BILLION INCREASED 7% YEAR-OVER-YEAR, EXCLUDING ITEMS.FY2018 EARNINGS PER SHARE VIEW $2.80 -- THOMSON REUTERS I/B/E/S.  Full Article

Johnson Controls Wins Contracts With Navistar And Man Truck And Bus To Support Increasing Electrical Demands On Fleets In North America And Globally
Wednesday, 9 May 2018 

May 9 (Reuters) - Johnson Controls International PLC ::JOHNSON CONTROLS WINS CONTRACTS WITH NAVISTAR AND MAN TRUCK AND BUS TO SUPPORT INCREASING ELECTRICAL DEMANDS ON FLEETS IN NORTH AMERICA AND GLOBALLY.JOHNSON CONTROLS POWER SOLUTIONS - AWARDED CONTRACTS TO SUPPLY ABSORBENT GLASS MAT AND FLOODED BATTERIES TO NAVISTAR AND MAN TRUCK AND BUS.  Full Article

Johnson Controls And Aqua Metals Agree To Extend Timelines On Licensing Agreement
Thursday, 26 Apr 2018 

April 26 (Reuters) - Aqua Metals Inc ::JOHNSON CONTROLS AND AQUA METALS AGREE TO EXTEND TIMELINES ON STRATEGIC LICENSING AGREEMENT.AQUA METALS - REACHED AGREEMENT WITH JOHNSON CONTROLS TO EXTEND TIMELINES OF EQUIPMENT SUPPLY AGREEMENT BY ONE YEAR.  Full Article

Johnson Controls Announces Breakthrough Partnership With Chinese Ecommerce Giant Jd.Com
Tuesday, 24 Apr 2018 

April 24 (Reuters) - Johnson Controls International PLC ::JOHNSON CONTROLS ANNOUNCES BREAKTHROUGH PARTNERSHIP WITH CHINESE ECOMMERCE GIANT JD.COM TO SERVE HIGH-GROWTH AUTOMOTIVE BATTERY REPLACEMENT MARKET.JOHNSON CONTROLS - STRATEGIC PARTNERSHIP WITH JD.COM TO OFFER AUTOMOTIVE BATTERIES TO BOTH CONSUMERS AND AUTOMOTIVE RETAILERS THROUGHOUT CHINA.  Full Article

Johnson Controls To Explore Strategic Alternatives For Power Solutions Business
Monday, 12 Mar 2018 

March 12 (Reuters) - Johnson Controls International Plc ::JOHNSON CONTROLS TO EXPLORE STRATEGIC ALTERNATIVES FOR THE POWER SOLUTIONS BUSINESS.JOHNSON CONTROLS - ‍EXPECTS TO COMPLETE ASSESSMENT OF STRATEGIC ALTERNATIVES OVER NEXT SEVERAL MONTHS​.JOHNSON CONTROLS - TO ASSIST CO IN REVIEW, HAS RETAINED CENTERVIEW PARTNERS AS FINANCIAL ADVISORS.  Full Article

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Siemens looks for faster growth in 'smart' buildings, eyes acquisitions

ZUG, Switzerland Siemens wants to grow its building technologies business faster than the overall construction market next year, possibly with help from acquisitions, the business' chief executive Matthias Rebellius said on Tuesday.