About Johnson Controls International

Johnson Controls International plc is a global leader in smart, healthy and sustainable buildings, serving a wide range of customers in more than 150 countries. The company's products, services, systems and solutions advance the safety, comfort and intelligence of spaces to serve people, places and the planet. The company is a global leader in engineering, manufacturing and commissioning building products and systems, including residential and commercial HVAC equipment, industrial refrigeration systems, controls, security systems, fire-detection systems and fire-suppression solutions. The company further serves customers by providing technical services, including maintenance, management, repair, retrofit and replacement of equipment (in the HVAC, industrial refrigeration, security and fire-protection space), and energy-management consulting. The company's OpenBlue digital software platform enables enterprises to better manage their physical spaces by combining the company's building products and services with cutting-edge technology and digital capabilities to enable data-driven smart building services and solutions. The company partners with customers by leveraging its broad product portfolio and digital capabilities powered by OpenBlue, together with its direct channel service and solutions capabilities, to deliver outcome-based solutions across the lifecycle of a building that address customers' needs to improve energy efficiency, enhance security, create healthy environments and reduce greenhouse gas emissions. Business Segments The company conducts its business through four business segments: Building Solutions North America, which operates in the United States and Canada; Building Solutions EMEA/LA, which operates in Europe, the Middle East, Africa and Latin America; Building Solutions Asia Pacific which operates in Asia Pacific; and Global Products which operates worldwide and includes the Johnson Controls-Hitachi joint venture. The Building Solutions segments Design, sell, install and service HVAC, controls, building management, refrigeration, integrated electronic security and integrated fire-detection and suppression systems; and Provide energy-efficiency solutions and technical services, including data-driven smart building solutions, as well as inspection, scheduled maintenance, and repair and replacement of mechanical and controls systems. The Global Products segment designs, manufactures and sells HVAC equipment, controls software and software services for residential and commercial applications; refrigeration equipment and controls; fire protection and suppression; and security products, including intrusion security, anti-theft devices, access control, and video surveillance and management systems. The company's segments provide products and services to commercial, institutional, industrial, data center, governmental and residential customers. Products, Systems, Services and Solutions 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, FM:Systems, 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. 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 better manage their physical spaces delivering sustainability, new occupant experiences, safety and security by combining the company's building expertise with cutting-edge technology, including artificial intelligence and machine learning-powered service solutions, such as remote diagnostics, predictive maintenance, workplace management, compliance monitoring and advanced risk assessments. The company leverages its digital and data-driven products and services to offer integrated and customizable solutions focused on delivering outcomes to customers, including OpenBlue Buildings-as-a-Service, OpenBlue Net Zero Buildings-as-a-Service and OpenBlue Healthy Buildings. These services are generally designed to generate recurring revenue for the company as it supports its customers in achieving their desired outcomes. Competition The company's larger competitors include Honeywell International, Inc.; Siemens Smart Infrastructure, an operating group of Siemens AG; Schneider Electric SA; Carrier Global Corporation; Trane Technologies plc; Daikin Industries, Ltd.; Lennox International, Inc.; GC Midea Holding Co, Ltd. and Gree Electric Appliances, Inc. Business Strategy The company's business strategy is to sustain and expand its position as a leader in smart and sustainable building solutions by offering a full spectrum of products and solutions for customer buildings across the globe. The company's core strategy remains focused on creating growth platforms, driving operational improvements and creating a high-performance culture. The company has strong positions in attractive and growing end-markets across HVAC, controls, fire, security and services, enhanced by its comprehensive product portfolio and substantial installed base. To capitalize on these trends, the company remains focused on maintaining leading positions in delivering building products, systems and solutions, as well as enabling growth through digital, to develop and leverage new digital technologies and capabilities into outcomes powered by its OpenBlue software platform. The key elements of the company's strategy are to accelerate in high growth digital services, regions and verticals; and sustain a high-performance, customer-centric culture: Seasonal Factors Certain of the company's sales are seasonal as the demand for residential air conditioning equipment and services generally increases in the summer months. Research and Development Costs The company's expenditures for research activities relating to product development and improvement are charged against income as incurred and included within selling, general and administrative expenses in the consolidated statements of income. Such expenditures for the year ended September 30, 2023, included $320 million. History The company was founded in 1885. It was incorporated in the state of Wisconsin in 1885. The company was formerly known as Johnson Electric Service Company and changed its name to Johnson Controls, Inc. in 1974. Further, the company changed its name to Johnson Controls International plc in 2016.

Country
Industry:
Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment
Founded:
1885
IPO Date:
01/02/1968
ISIN Number:
I_IE00BY7QL619
Address:
One Albert Quay, Cork, Co. Cork, T12 X8N6, Ireland
Phone Number
353 21 423 5000

Key Executives

CEO:
Oliver, George
CFO
Vandiepenbeeck, Marc
COO:
Manning, Nathan