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Johnson Controls, Inc. (JCI)

- NYSE
  • Wed, Jan. 28, 11:40 AM
    • Johnson Controls (NYSE:JCI) declares $0.26/share quarterly dividend, in line with previous.
    • Forward yield 2.24%
    • Payable April 2; for shareholders of record March 6; ex-div March 4.
    | Comment!
  • Thu, Jan. 22, 5:42 PM
    • Johnson Controls (NYSE:JCI) says it expects its joint venture with Hitachi, detailed during JCI's FQ1 earnings report, will generate sales of $2.6B in 2016 as it expands the product lines and geographic reach of the companies' commercial air conditioning businesses.
    • JCI says it plans to invest $525M in the venture - in which it will own 60% and Hitachi the remaining 40% - and expects initial profit margins of 4%-5%.
    • JCI announced in late 2013 that it would enter into a JV with Hitachi, but the agreement took a year to complete and still faces regulatory approval, which the company expects to be completed this spring.
    • CEO Alex Molinari has been steering JCI away from service businesses and lines of low-margin automotive components, and during today's earnings call said "we’re on [course] or even further ahead than I expected."
    | Comment!
  • Thu, Jan. 22, 7:24 AM
    • Johnson Controls (NYSE:JCI) reports gross profit rate rose 85 bps to 15.75%.
    • Segment revenue: Building Efficiency: $3.54B (+5%), Automotive Experience: $5.28B (-3%), Power Solutions: $1.84B (+4%).
    • Segment income: Building Efficiency: $201M (+38%), Automotive Experience: $243M (+23%), Power Solutions: $318M (+4%).
    • FQ2 Guidance: Diluted EPS: $0.74 - $0.76.
    • FY2015 Guidance: Diluted EPS: $3.55 - $3.70.
    • FQ1 results
    | Comment!
  • Thu, Jan. 22, 7:03 AM
    • Johnson Controls (NYSE:JCI): FQ1 EPS of $0.79 beats by $0.02.
    • Revenue of $10.67B (+0.9% Y/Y) in-line.
    • Press Release
    | Comment!
  • Wed, Jan. 21, 5:30 PM
  • Thu, Jan. 8, 11:16 AM
    • Johnson Controls (NYSE:JCI) will report FQ1 results on Jan. 22.
    • The conference call is scheduled to begin at 11.00 a.m. EDT.
    • Consensus view is EPS of $0.77 on revenues of $10.70B.
    | Comment!
  • Dec. 11, 2014, 8:25 AM
    • Johnson Controls (NYSE:JCI) cut the bonus of CEO Alex Molinaroli by 20% due to a violation of the company's ethics policy.
    • Molinaroli failed to disclose an extramarital affair with a paid company consultant.
    • SEC Schedule 14A
    | 3 Comments
  • Dec. 3, 2014, 10:06 AM
    • There's a broad rally in auto parts stocks the day after major U.S. automakers reported largely favorable reports on November sales.
    • News from China on aggressive plans by automakers to add capacity is also supporting the sector.
    • Gainers: Stonebridge (NYSE:SRI) +2.7%, Tenneco (NYSE:TEN) +2.1%, Dana Holding (NYSE:DAN) +2.1%, Gentherm (NASDAQ:THRM) +1.8%, American Axle & Manufacturing (NYSE:AXL) +1.8%, Federal-Mogul Holdings (NASDAQ:FDML) +1.7%, Autoliv (NYSE:ALV) +1.5%, Johnson Controls (NYSE:JCI) +1.5%.
    | Comment!
  • Dec. 2, 2014, 8:15 AM
    • Johnson Controls (NYSE:JCI) sets FY2015 sales guidance at $42.3B lower than the consensus sales of $43.15B.
    • Segment sales: Automotive seating: down 5.0% to 6.0%; Power solutions: up ~8.0% to 10.0%; Building Efficiency: +9.0% to 11.0%.
    • Segment margin: Automotive seating: up ~ 5.4% to 5.7%; Power solutions: up ~16.5% to 16.7%; Building Efficiency: +9.4% to 9.6%.
    • Adjusted diluted EPS: $3.55 to $3.70 vs. consensus EPS of $3.61.
    • Capital Expenditure: $1.3B.
    • Free cash flow: ~$1.5B.
    • Source: Press Release
    | Comment!
  • Oct. 30, 2014, 7:17 AM
    • Johnson Controls (NYSE:JCI) reports a record level of net income in FQ4 as some cost efficiencies factored in.
    • Segment revenue growth: Building Efficiency +1% to $3.93B, Automotive Experience +3% to $5.26B, Power Solutions +5% to $1.79B.
    | Comment!
  • Oct. 30, 2014, 7:06 AM
    • Johnson Controls (NYSE:JCI): FQ4 EPS of $1.04 beats by $0.03.
    • Revenue of $11B (+2.8% Y/Y) misses by $180M.
    • Press Release
    | Comment!
  • Sep. 30, 2014, 3:58 PM
    • Johnson Controls (JCI -0.8%) says it plans to sell its building management service as part of an effort to focus more tightly on making high-value equipment.
    • The unit accounted for ~10% of JCI's $42.7B of sales in the fiscal year ended Sept. 30, 2013.
    • Global Workplace Solutions has become expendable as JCI moves away from service businesses and certain lines of automotive components to focus on York-brand heating and air conditioning equipment for commercial buildings and on devices for monitoring and regulating electricity usage, temperature, fire safety and security.
    | 2 Comments
  • Sep. 23, 2014, 11:53 AM
    • Johnson Controls (JCI -0.7%) says Bruce McDonald will become the company's new vice chairman with a broad set of operational and financial duties.
    • Insider Brian Stief will take over as the new CFO.
    | 1 Comment
  • Aug. 21, 2014, 8:18 AM
    • Stifel Nicolaus picks up coverage on Johnson Controls (NYSE:JCI) again with a Buy rating.
    • The investment firm has a $58 price target on shares.
    • JCI +0.4% premarket
    | 2 Comments
  • Aug. 13, 2014, 11:38 AM
    • Versar (VSR +15%) shares soar after the project management company says it was awarded a $98M firm fixed price design/bid/build task order for the repair of a runway at Dover Air Force Base in Delaware.
    • VSR says the task order was awarded under its S/R&M acquisition task order contract IDIQ with the Air Force Civil Engineer Center, held with its joint venture partner, Johnson Controls (NYSE:JCI).
    | Comment!
  • Jul. 23, 2014, 10:42 AM
    • Johnson Controls (NYSE:JCI) declares $0.22/share quarterly dividend, in line with previous.
    • Forward yield 1.80%
    • Payable Oct. 2; for shareholders of record Sept. 5; ex-div Sept. 3.
    | Comment!
JCI vs. ETF Alternatives
Company Description
Johnson Controls Inc creates products, services and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles; and interior systems for automobiles.
Industry: Auto Parts
Country: United States