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Johnson Controls, Inc. (JCI)

  • Wed, Mar. 11, 3:05 AM
    • Boeing (NYSE:BA) has announced that high-density packages of lithium batteries like those used in cell phones and laptops pose fire risks and should not be carried on passenger planes until safer methods for carrying them are developed.
    • The risk is "continually increasing (and) requires action to be taken," said the aircraft maker.
    • A report that labels the batteries as "dangerous goods" is due to be considered in April by the U.N. International Civil Aviation Organization. The recommendations would then need to be approved by the group in October, and by a broader air safety council next year.
    • ETFs: LIT
  • Thu, Mar. 5, 5:06 PM
    • Johnson Controls' (NYSE:JCI) Global Workplace Solutions manages 1.8B square feet of corporate real estate globally and accounted for about 10% of the company's $42.7B in sales in the fiscal year ending Sept. 2013. Analysts estimate the unit's value at between $600M and $1.5B (pretty wide range!).
    • JCI last year put the division on the block as it didn't fit it in with its core operations.
    • CBRE's (NYSE:CBG) move comes at a time of increasing deal activity in commercial real estate, with Cushman & Wakefield also up for sale, and FirstService spinning off Colliers International.
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  • Mon, Mar. 2, 1:57 PM
    • There's a broad rally in auto parts stocks underway after a strong read on sales in some key European markets.
    • Sales in Spain rose 26% Y/Y in February, while sales improved 7% in Germany and 4.1% in France.
    • February U.S. sales are due to be reported tomorrow by manufacturers.
    • Gainers: Federal-Mogul (NASDAQ:FDML)+4.1%, Westport Innovations (NASDAQ:WPRT) +2.6%, Modine Manufacturing (NYSE:MOD) +2.6%, Dana Holding (NYSE:DAN) +2.5%, Visteon (NYSE:VC) +2.4%, BorgWarner (NYSE:BWA) +2.4%, Lear (NYSE:LEA) +2.4%, Lydall (NYSE:LDL) +2.2%, Johnson Controls (NYSE:JCI) +2.2%, Delphi Automotive (NYSE:DLPH) +2.0%.
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  • Thu, Feb. 5, 12:34 PM
    • Johnson Controls (NYSE:JCI) announces it renewed a strategic partnership agreement with Lectra.
    • The company will use Lectra for its high ply fabric cutting equipment and other services.
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  • 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.
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  • 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."
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  • 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
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  • 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
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  • 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.
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  • 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
  • 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%.
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  • 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
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  • 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.
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  • 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.
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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