Tag: Second Quarter (Q2)
Quarter pounded
May 8, 2024Ken Showers, Managing Editor
Dire continuity yields to the march of time as this week marks cleanup for the industry’s quarterly financial results.
One more to go as of writing this and then the second quarter (Q2) 2024 begins for me in earnest, but most companies have probably been eager to get a jump on Q2 for some time now. It’s no secret that it’s been a rough financial quarter for everyone in one way or another, I don’t even think it’s confined to the security industry either! Go peek at...
Q2 sales flat for Johnson Controls, may be eyeing sale of ADT alarms business
May 3, 2024SSN Staff
CORK, Ireland – Johnson Controls International (JCI) plc has reported its fiscal second quarter (Q2) 2024 results, and the company may be looking to divest itself of one of its non-core businesses.
GAAP earnings per share (“EPS”) of $(0.41). Excluding special items, adjusted EPS was $0.78 (see attached footnotes for non-GAAP reconciliation). Sales in the quarter of $6.7 billion were flat compared to the prior year on an as reported basis and increased 1% organically. GAAP...
'Exciting road ahead' as ADT doubles down on residential, small business
August 8, 2023Ken Showers, Managing Editor
BOCA RATON, Fla. – ADT shook things up by preempting its second fiscal quarter 2023 earnings call with the news that the company is divesting itself of its commercial business.
As reported earlier by Security Systems News the company has entered into a definitive agreement to sell its commercial security, fire and life safety business unit to private equity firm GTCR for a purchase price of $1.6 billion. The transaction has been approved by the company’s board of directors and is expected...
Hikvision Q2 success measured in release of over a dozen new products
August 1, 2023SSN Staff
CITY OF INDUSTRY, Calif. – Security product manufacturer and supplier Hikvision has just rounded out what the company is calling a "phenomenal" second quarter for 2023.
Growth over that period was marked positively by the company thanks in part to over a dozen new product releases. Now Hikvision says that performance and growth is continuing into Q3 with the release of three new series of video security cameras from July alone. That includes two varifocal cameras, a 180-degree panoramic...
Securitas Technology celebrating momentum, anniversary of STANLEY acquisition
August 1, 2023SSN Staff
UNIONTOWN, Ohio – Securitas has acknowledged the one-year anniversary of its acquisition of STANLEY Security and Healthcare, which the company is calling a significant milestone in its, “…transformation journey toward technology-based solutions and its ambition to be an outstanding global security and safety partner that helps make the world a safer place.”
Securitas Technology said that the combined offering of the two companies has solidified its expertise...
ADT releasing 2Q results on August 8
July 31, 2023SSN Staff
BOCA RATON, Fla. – ADT have announced that they’ll be releasing their second fiscal quarter 2023 results prior to market open on August 8.
Following the release of the information ADT will be hosting a conference call and live webcast at 10:00 am ET to discuss the quarter followed by the usual Q&A session with call participants. To view the live webcast interested parties are directed to visit the investor relations website at investor.adt.com.
Alternatively, participants may...
Securitas continues quiet transformation during Q2 earnings call
July 31, 2023SSN Staff
STOCKHOLM – After a relatively silent year Securitas AB held its second fiscal quarter 2023 earnings call on July 28, posting positive results and growth as the company undergoes changes to its digital capabilities.
That silence has ended with a quarterly earning call which shows the company well on track with organic sales growth of 11 percent, operating margin of 6.6 percent, Earnings per share before and after dilution of SEK 2.05, and earnings per share before and after dilution,...
ASSA ABLOY holds Q2 presentation, announces acquisition of Evolis
July 19, 2023Ken Showers, Managing Editor
STOCKHOLM – ASSA ABLOY preempted its second fiscal quarter 2023 presentation with the news that the company would be acquiring Evolis through its subsidiary HID Global.
The news came roughly an hour before the company’s quarterly presentation detailing their intent to purchase approximately 98.5 percent of shares from the French manufacturer of ID card printers and consumables. "This operation is a tremendous development opportunity for our two groups," Evolis CEO Emmanuel Picot...
ASSA ABLOY announces Q2 presentation
July 14, 2023SSN Staff
YARMOUTH, Maine – Access control and security conglomerate ASSA ABLOY has issued an invitation to interested parties to join the presentation of its second financial quarter results 2023 report.
The presentation is scheduled to be held on Wednesday, July 19, at 08:00 a.m. CEST. The company wrote that a conference call and webcast will be held following the release of the results, starting at 9:30 a.m. CEST and continuing until 10:30 a.m. CEST. The presentation will be hosted...
Johnson Controls' strong Q2 performance punctuated with a dedication to sustainability
May 8, 2023Ken Showers, Managing Editor
CORK, Ireland – Johnson Controls builds on its solid Q1 performance and finishes the second fiscal quarter 2023 with numbers exceeding guidance.
At a glance the highlights show Johnson Controls with Q2 reported sales of +10% versus the prior year; +13% organically. A Q2 GAAP EPS of $0.19; Adjusted EPS of $0.75, up 19% versus prior year. Their Q2 orders are +8% organically year-over-year, and a record backlog of $11.7 billion, increased 9% organically year-over-year. CEO George...