Wiki source code of Johnson Controls International

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5 = Summary =
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7 * Johnson Controls International is a global leader in smart, healthy and sustainable buildings.
8 * The company serves a wide range of customers in more than 150 countries.
9 * In 2016, the Company completed the spin-off of its automotive business into Adient plc, an independent, publicly traded company.
10 * In 2019, the Company closed the sale of its Power Solutions business, completing the Company’s transformation into a pure-play building technologies and solutions provider.
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14 [[image:JCI0.jpg||height="376" width="718"]]
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17 Johnson Controls International (NYSE: JCI, LSE: 0Y7S) is a global leader in smart, healthy and sustainable buildings.
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20 = Recent Developments =
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22 **Johnson Controls Partnership with Nucor To Recycle Of Scrap Steel**{{footnote}}HTTPS://INVESTORS.JOHNSONCONTROLS.COM/NEWS-AND-EVENTS/PRESS-RELEASES/JOHNSON-CONTROLS-INTERNATIONAL-PLC/2023/04-20-2023-130217126{{/footnote}}
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25 Apr 20, 2023;  Johnson Controls announced the launch of a program for recycling steel, through a collaboration with Nucor Corporation, the largest steel producer and recycler in North America. Over 70% of Johnson Controls steel purchases in the US and 45% globally are manufactured from recycled scrap materials. The program with Nucor will recycle nearly 100% of that secondary scrap steel again, amounting to thousands of tons each year, at major Johnson Controls manufacturing sites in the US. Nucor will remelt the scrap steel using electric arc furnace (EAF) technology, which generates approximately 75% less emissions than traditional blast furnace manufacturing. The remelted steel will be sold back to Johnson Controls for use in manufacturing. This closed-loop recycling process is a highly efficient form of circularity that is especially well suited to metals like steel, which retain their robust material structures through multiple rounds of recycling and repurposing.
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28 **Ethisphere Names Johnson Controls as One Of The World's Most Ethical Companies For The 16th Year**{{footnote}}HTTPS://INVESTORS.JOHNSONCONTROLS.COM/NEWS-AND-EVENTS/PRESS-RELEASES/JOHNSON-CONTROLS-INTERNATIONAL-PLC/2023/03-15-2023-131537512{{/footnote}}
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30 March 15, 2023; Johnson Controls has been recognized by Ethisphere as one of the World's Most Ethical Companies in 2023, marking the 16th time Johnson Controls has been named to this list. The 2023 list recognized 135 honorees spanning 19 countries and 48 industries.
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34 [[image:JCI1.jpg]]
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37 = Financial Highlights =
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40 **Fiscal First Quarter 2023 Results**{{footnote}}https://investors.johnsoncontrols.com/news-and-events/press-releases/johnson-controls-international-plc/2023/02-01-2023-115524189{{/footnote}}
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42 Sales in the quarter of $6.1 billion increased 4% compared to the prior year on an as reported basis and grew 9% organically. GAAP net income from continuing operations was $118 million. Adjusted net income from continuing operations of $463 million was up 22% versus the prior year. Earnings before interest and taxes ("EBIT") was $237 million and EBIT margin was 3.9%. Adjusted EBIT was $646 million and adjusted EBIT margin was 10.6%, improving 140 basis points versus the prior year.
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45 **Fiscal Year 2022 Results**
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47 Net sales for the year ended September 30, 2022 were $25,299 million and for the year ended September 30, 2021 were $23,668 million, representing a change of 7%.
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50 Johnson Controls International plc’s gross profit for the year ended September 30, 2022 was $8,343 million compared to $8,059 million for the year ended September 30, 2021, representing a change of 4%. The ross profit percentage of sales for the year ended September 30, 2022 was 33.0% compared to 34.1% for the year ended September 30, 2021.
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53 Johnson Controls International plc’s net income for the year ended September 30, 2022 was $1,532 million compared to $1,637 million for the year ended September 30, 2021, representing a change of -6%.
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57 [[image:JCI2.jpg]]
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59
60 = Company Overview =
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62 Johnson Controls International plc, headquartered in Cork, Ireland, is a global leader in smart, healthy and sustainable buildings, serving a wide range of customers in more than 150 countries.{{footnote}}https://fintel.io/doc/sec-johnson-controls-international-plc-833444-10k-2022-november-15-19311-7793{{/footnote}}
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65 Johnson Controls was originally incorporated in the state of Wisconsin in 1885 as Johnson Electric Service Company to manufacture, install and service automatic temperature regulation systems for buildings and was renamed Johnson Controls, Inc. in 1974. In 2005, Johnson Controls acquired York International, a global supplier of heating, ventilating, air-conditioning ("HVAC") and refrigeration equipment and services. In 2014, Johnson Controls acquired Air Distribution Technologies, Inc., one of the largest independent providers of air distribution and ventilation products in North America. In 2015, Johnson Controls formed a joint venture with Hitachi to expand its building related product offerings. In 2016, Johnson Controls, Inc. and Tyco International plc ("Tyco") completed their combination, combining Johnson Controls' portfolio of building efficiency solutions with Tyco’s portfolio of fire and security solutions. Following the Merger, Tyco changed its name to “Johnson Controls International plc.”
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68 In 2016, the Company completed the spin-off of its automotive business into Adient plc, an independent, publicly traded company. In 2019, the Company closed the sale of its Power Solutions business, completing the Company’s transformation into a pure-play building technologies and solutions provider.
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71 == Business Segments ==
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73 The Company conducts its business through four business segments: Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific and Global Products.
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76 **Building Solutions North America**: Building Solutions North America designs, sells, installs and services HVAC, controls, building management, refrigeration, integrated electronic security and integrated fire-detection and suppression systems for commercial, industrial, retail, small business, institutional and governmental customers in the United States and Canada. Building Solutions North America also provides energy efficiency solutions and technical services, including inspection, scheduled maintenance, and repair and replacement of mechanical and controls systems, as well as data-driven “smart building” solutions, to non-residential building and industrial applications in the United States and Canadian marketplace.
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79 **Building Solutions EMEA/LA**: Building Solutions EMEA/LA designs, sells, installs and services HVAC, controls, building management, refrigeration, integrated electronic security, integrated fire-detection and suppression systems, and provides technical services, including data-driven “smart building” solutions, to markets in Europe, the Middle East, Africa and Latin America.
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82 **Building Solutions Asia Pacific**: Building Solutions Asia Pacific designs, sells, installs and services HVAC, controls, building management, refrigeration, integrated electronic security, integrated fire-detection and suppression systems, and provides technical services, including data-driven “smart building” solutions, in the Asia Pacific marketplace.
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85 **Global Products**: Global Products designs, manufactures and sells HVAC equipment, controls software and software services for residential and commercial applications to commercial, industrial, retail, residential, small business, institutional and governmental customers worldwide. In addition, Global Products designs, manufactures and sells refrigeration equipment and controls globally. The Global Products business also designs, manufactures and sells fire protection, fire suppression and security products, including intrusion security, anti-theft devices, access control, and video surveillance and management systems, for commercial, industrial, retail, residential, small business, institutional and governmental customers worldwide. Global Products includes the Johnson Controls-Hitachi joint venture.
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88 == Products, Systems, Services and Solutions ==
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91 The Company sells and installs its commercial HVAC equipment and systems, control systems, security systems, fire-detection and fire suppression systems, equipment and services primarily through its extensive direct channel, consisting of a global network of sales and service offices. Significant sales are also generated through global third-party channels, such as distributors of air-conditioning, controls, security and fire-detection and suppression products. The Company’s large base of current customers leads to significant repeat business for the maintenance, retrofit and replacement markets. The Company is also able to leverage its installed base to generate sales for its service business. Trusted building brands, such as YORK®, Hitachi Air Conditioning, Metasys®, Ansul, Ruskin®, Titus®, Frick®, PENN®, Sabroe®, Silent-Aire®, Simplex® and Grinnell®, together with the breadth and depth of the products, systems and solutions offered by the Company, give it what it believes to be the most diverse portfolio in the building technology industry.
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94 The Company has developed software platforms, including on-premises platforms and cloud-based software services, and integrated its products and services with digital capabilities to provide data-driven solutions to create smarter, safer and more sustainable buildings. The Company's OpenBlue platform enables enterprises to manage all aspects of their physical spaces delivering sustainability, new occupant experiences, safety and security by combining the Company’s building expertise with cutting-edge technology, including AI-powered service solutions such as remote diagnostics, predictive maintenance, compliance monitoring and advanced risk assessments.
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97 * HVAC Equipment
98 * Fire Detection
99 * Fire Suppression
100 * Distributed Energy Storage
101 * Digital Solutions
102 * Industrial Refrigeration
103 * Building Automation and Controls
104 * Residential and Smart Home
105 * Security
106 * Retail Solutions
107 * Oil and Gas Products
108 * OpenBlue
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112 [[image:JCI3.jpg]]
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115 == Company History ==
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117 Johnson Controls International initiated in 1883.{{footnote}}https://www.johnsoncontrols.com/about-us/history{{/footnote}}
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120 |**Year**|**Milestone**
121 |1883|Warren Johnson patents the “electric tele-thermoscope,” a building temperature-control device, and travels from his Whitewater, Wis., home to Milwaukee in search of manufacturing financing.
122 |1885|Warren Johnson partners with Milwaukee businessman and financier William Plankinton to form the Johnson Electric Service Company. Johnson serves as vice president and treasurer, and Plankinton as president. Installations at the Milwaukee Public Library and city hall help the business grow quickly
123 |1907|Johnson Service Company introduces a line of gasoline cars featuring luxurious leather and wood interiors.
124 |1911|Globe Electric Company, a future Johnson Controls business, begins making electrical equipment for streetcars and street lights, and soon adds automotive battery production.
125 |1913|Future Johnson Controls business Hoover Steel Ball Company opens to serve the precision bearing and automotive industries. Years later, it expands into automotive seating.
126 |1940|Johnson Service Company goes public, listing its securities over the counter.
127 |1965|Now listed on the New York Stock Exchange, Johnson Service Company provides climate controls to prevent rain clouds forming in the U.S. National Aeronautics and Space Administration’s Cape Canaveral, Florida, vehicle assembly building. Future Johnson Controls company York International installs 10,500 tons of water chillers for air conditioning.
128 |1968|Johnson Service Company enters the Fortune 500 after acquiring refrigeration and gas heating controls maker Penn Controls. Product line additions include refrigeration controls for supermarkets, humidity controls for agricultural drying equipment, and controls for commercial laundromats.
129 |1974|The company changes its name to Johnson Controls, Inc.
130 |1978|Johnson Controls becomes the leader in U.S. automotive battery production when it acquires Globe-Union. Founded in 1911 as Globe Electric, the company had invented the thin-wall, high-strength polypropylene battery case, a universally recognized breakthrough in battery design.
131 |1985|Diversification at Johnson Controls continues with the acquisition of Hoover Universal (the source of its automotive seating and plastics machinery businesses), and automotive seating supplier Ferro Manufacturing. The acquisitions mean Johnson Controls can design, engineer and assemble complete automotive seating systems.
132 |1989|Johnson Controls enters facilities management by acquiring Pan Am World Services, renaming it Global Workplace Solutions, and initiates annual forums that attract speakers such as U.S. Presidents George W. Bush and Bill Clinton and Vice President Al Gore to discuss energy issues and climate change.
133 |1990|The breakthrough Metasys® Building Automation System links a building’s environmental control, energy management, lighting, fire management and security systems. Johnson Controls enters the European automotive market by purchasing an interest in German component maker E.A.H. Naue GmbH & Co. KG.
134 |1996|Johnson Controls makes seats for more than eight million new automobiles, is listed in Industry Week Magazine’s “100 Best Managed Companies in The World,” acquires Prince Automotive and greatly expands its automotive interior systems business. Sales approach US$10 billion.
135 |1997|Having been in plastics since acquiring Hoover Universal, Johnson Controls is the largest U.S. soft drink bottle supplier and recycler and the world leader in plastic manufacturing and recycling technology—but sells its container and plastics machinery divisions to focus on core products. Making seats for Beijing Jeep opens new markets in China.
136 |2000|Johnson Controls acquires Japanese automobile seat supplier Ikeda Bussan and introduces the Auto Vision in-vehicle video system. The company’s Brengel Technology Center in Milwaukee is one of the first buildings in the world certified under Leadership in Energy and Environmental Design® (LEED).
137 |2002|Johnson Controls acquires its Varta automotive battery division based in Germany. Sales exceed US$20 billion. John Barth is named the company's eighth CEO.
138 |2003|The company acquires Borg Instruments of Germany and is named to the Billion Dollar Roundtable for exceeding US$1 billion in purchases from diverse suppliers.
139 |2005|Johnson Controls makes its largest ever acquisition: York International heating, ventilating, air-conditioning and refrigeration products and services, with worldwide presence. The company also acquires Delphi’s global automotive battery business and is named to the Dow Jones Sustainability World Index.
140 |2012|Power Solutions opens its first U.S. battery recycling center in Florence, South Carolina, featuring advanced environmental controls
141 |2016|The Company completed the spin-off of its automotive business into Adient plc, an independent, publicly traded company.
142 |2019|the Company closed the sale of its Power Solutions business, completing the Company’s transformation into a pure-play building technologies and solutions provider.
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145 = References =
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147 {{putFootnotes/}}
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