Tag: George Oliver
Johnson Controls builds 'momentum' heading into fiscal 2025
November 8, 2024Cory Harris, Editor
CORK, Ireland—Johnson Controls Chairman and CEO George Oliver says he’s “very pleased” with the strong end to the company’s Q4 and fiscal year results, giving it “momentum” going into fiscal 2025.
During the Q4 earnings call, Oliver cited double-digit organic sales growth and robust margin expansion as the catalysts to the solid numbers Johnson Controls shared with investors on Nov. 6.
“Today, we are a faster-growing, more...
SIA announces program for 2024 Securing New Ground conference
September 5, 2024SSN Staff
SILVER SPRING, Md.—The Security Industry Association (SIA) has announced the schedule, speaker lineup and program for the 2024 Securing New Ground (SNG), the security industry’s executive conference, taking place Oct. 8-9 at the Westin New York Grand Central in New York City.
At SNG 2024, the security industry will gather for top-level information sharing, networking and business analysis.
This year’s Securing New Ground conference will shape industry trends...
'We will be a simpler, higher-growth company' - Johnson Controls divests businesses as Oliver bows out
August 5, 2024Ken Showers, Managing Editor
CORK, Ireland — Johnson Controls’ sales in the third quarter were steady as the company continues to transform its business, including through divestitures, to better fit a leaner and more competitive industrial market.
The company reported sales of $7.2 billion, a 1% increase year over year. GAAP net income was $975 million. Adjusted net income was $769 million. The company also reported 10% growth to its backlog in the quarter, which Chairman and CEO George Oliver said increases...
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...
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...
Johnson Controls named to Fortune's 2022 Change the World list
October 10, 2022SSN Staff
CORK, Ireland—Johnson Controls, a global provider of smart, healthy and sustainable buildings, announced it has been named to the 2022 Fortune Change the World list, for its OpenBlue solutions and OpenBlue Net Zero Buildings as a Service offering.
Fortune's Change the World list recognizes companies that use creative tools to address society's unmet needs and is evaluated based on measurable social impact, business results and degree of innovation.
OpenBlue is digitally...
Tyco to Participate in International Women's Day Forum
March 7, 2016SSN Staff
CORK, Ireland—Tyco today announced that it will present at the sixth annual International Women's Day Forum being hosted by the U.S. Chamber of Commerce and the United Nations Office for Partnerships in New York on March 7 and 8. The event will convene public and private sector leaders to explore inclusive solutions that create opportunities for women and girls around the world.
Cynthia Ritter, Tyco's VP, finance, and chairperson of the company's global Women's Growth Network, will participate...
Tyco closes ShopperTrak acquisition
January 27, 2016Martha Entwistle
CORK, Ireland—Tyco on Jan. 26 announced that it has completed the $175 million cash acquisition of ShopperTrak, a Chicago-based global provider of analytics for the retail industry.Tyco announced its intention to acquire ShopperTrak, which currently generates $75 million in annual revenues, in December.ShopperTrak's solutions include perimeter traffic counting, in-store consumer behavior analytics and industry benchmarking.Tyco plans to combine ShopperTrak capabilities with its existing loss...
Tyco IS takes 'disciplined approach' to making margin
May 1, 2013Martha Entwistle
BOCA RATON, Fla.—Taking a page out of SimplexGrinnell's playbook, Tyco Integrated Security is following a structured approach to making margin on its commercial security jobs, according to Tyco executives and analysts who cover the company.Brett Ludwig, Tyco's director, external communications, and Joseph Longo, Tyco's director, investor relations, told Security Systems News that the company has instituted incentives for its sales force to go after high-margin business with recurring service...
ADT Commercial Security is now Tyco Integrated Security
March 27, 2012Martha Entwistle
BOCA RATON, Fla.—Tyco is making progress in its planned split into three independent publicly traded companies. Tomorrow, March 28, the first day of ISC West, the company will announce that it is rebranding ADT's North American commercial security business as “Tyco Integrated Security.”After the split, the three independent companies will be: Flow Control; ADT Residential; and the commercial fire and security business, which will be known as Tyco International, said Jay Hauhn, ADT...