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, /PRNewswire/ -- The board of directors of Johnson Controls International plc (NYSE: JCI), a global leader in thermal management, mission-critical building systems, energy efficiency and decarbonization, has approved a regular quarterly dividend of $0.40 per share of common stock, payable on Oct. 16, 2026, to shareholders of record at the close of business on Sept. 21, 2026. Johnson Controls has paid a consecutive dividend since 1887.

About Johnson Controls: 

Johnson Controls, a global leader in thermal management, mission-critical building systems, energy efficiency, and decarbonization, helps customers use energy more productively, reduce carbon emissions, and operate with the precision and resilience required in rapidly expanding industries such as data centers, healthcare, pharmaceuticals, advanced manufacturing, and higher education.  

For more than 140 years, Johnson Controls has delivered performance where it really matters. Backed by advanced technology, lifecycle services and an industry-leading field organization, we elevate customer performance, turn goals into real-world results and help move society forward.  

Visit johnsoncontrols.com for more information and follow @Johnsoncontrols on social platforms. 

SOURCE Johnson Controls International plc

On August 19, 2026, Johnson Controls International PLC
JCI -3.17% 82

shares fell 3.2% to a current price of $144.94. This decline occurs within a 52-week range of $103.66 to $157.06, highlighting a volatile trading environment for the stock.

GF Value™ verdict: JCI's current price is $144.94, compared to a GF Value™ of $106.26, indicating a 36.4% overvaluation. GF Score™ of 82/100 suggests a strong overall performance relative to peers. Notable insider activity shows a net selling of $26.0M over the past 12 months, indicating caution among insiders.Is JCI Overvalued or Undervalued?According to GF Value™, Johnson Controls International PLC is significantly overvalued. The GF Value™ is a proprietary intrinsic-value estimate from GuruFocus, derived from historical trading multiples, past business growth, and future performance estimates. With JCI trading at $144.94 and the GF Value™ set at $106.26, there is a considerable margin of safety issue, emphasizing that the stock may be overpriced by approximately 36.4%. Such overvaluation presents risks for potential investors, as the market may correct itself in the future, leading to a decline in the stock price.

This overvaluation is compounded by the company’s current P/E ratio of 25.2x, which is a significant indicator of the company’s market price relative to its earnings. Given that the GF Valuation label has classified JCI as significantly overvalued, it raises concerns regarding the sustainability of its current price level. Investors might face potential losses if the stock adjusts to reflect more accurately its intrinsic value.

How Does JCI's Valuation Compare to Its History?Metric Current Historical P/E (TTM) 25.2x 29.0x Forward P/E 24.0x N/ACurrently, Johnson Controls International PLC's P/E (TTM) of 25.2x is 13% below its 5-year median of 29.0x. This suggests that, historically, the stock is trading below its usual valuation, which might indicate a potential opportunity if external market conditions were more favorable. However, this analysis aligns with the GF Value™ verdict that suggests the stock is overvalued, indicating that although the P/E appears lower than historical averages, the current price still reflects significant overvaluation when compared to intrinsic value estimates.

What Does JCI's GF Score™ Tell Us?The GF Score™ is a composite metric that measures a company's performance across various key areas, including financial strength, profitability, growth, valuation, and momentum. Johnson Controls International PLC holds a GF Score™ of 82/100, indicating a strong overall performance but with important nuances in its sub-ranks.

Metric Rating GF Score™ 82 Financial Strength 6/10 Profitability 7/10 Growth 7/10 Valuation 5/10 Momentum 10/10The strongest aspect of JCI’s GF Score™ is its momentum rank of 10/10, indicating robust recent performance in terms of price appreciation. However, its valuation rank of 5/10 suggests that while the company has potential, it is currently facing challenges related to its market price relative to its intrinsic value. The financial strength rank of 6/10 indicates a moderate level of robustness, but it does not significantly bolster the argument for the stock's current valuation.

What Are Gurus and Insiders Doing with JCI?Currently, 14 gurus hold shares of Johnson Controls International PLC, with only 1 adding to their position while 13 have trimmed their holdings in recent quarters. This trend presents a cautious signal regarding the stock's future outlook among knowledgeable investors.

Moreover, insider activity has been significant, with insiders buying $1.0M worth of shares while selling $27.0M, resulting in a net selling of $26.0M over the past 12 months. This pattern of net selling by insiders raises concerns about the confidence that company executives have in the stock's future performance, further emphasizing the potential risks for investors at the current valuation level.

What This Means for InvestorsOverall, Johnson Controls International PLC appears to be overvalued based on the GF Value™ calculation, with a significant gap between the current market price and intrinsic value. The high momentum rank and strong GF Score™ suggest that the company has potential, but the considerable insider selling and the significant overvaluation signal caution for potential investors. For further details on JCI's financial health and market position, visit the Johnson Controls International PLC
JCI -3.17% 82

stock page.

Frequently Asked QuestionsWhat is JCI's GF Score™?

JCI's GF Score™ is 82/100, indicating a strong overall performance relative to its peers, highlighting strengths in momentum and areas of concern in valuation.

Is JCI overvalued or undervalued?

JCI is considered overvalued, with a current price of $144.94 compared to a GF Value™ of $106.26, indicating a 36.4% overvaluation.

What is JCI's P/E ratio?

JCI's P/E ratio (TTM) is 25.2x, which is 13% below its 5-year median of 29.0x, suggesting it is trading below its historical valuation, though it still reflects significant overvaluation against the GF Value™.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Posted by Defense World Staff on Aug 14th, 2026

Baker Avenue Asset Management LP lifted its position in shares of Johnson Controls International plc (NYSE:JCI – Free Report) by 2.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 202,420 shares of the company’s stock after acquiring an additional 5,284 shares during the period. Baker Avenue Asset Management LP’s holdings in Johnson Controls International were worth $29,576,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Baron Wealth Management LLC grew its stake in Johnson Controls International by 1.6% during the 2nd quarter. Baron Wealth Management LLC now owns 4,705 shares of the company’s stock worth $687,000 after buying an additional 75 shares during the last quarter. Resonant Capital Advisors LLC increased its position in Johnson Controls International by 1.5% in the 2nd quarter. Resonant Capital Advisors LLC now owns 5,063 shares of the company’s stock valued at $742,000 after acquiring an additional 77 shares during the period. Strategic Investment Advisors MI increased its position in Johnson Controls International by 1.5% in the 4th quarter. Strategic Investment Advisors MI now owns 5,389 shares of the company’s stock valued at $645,000 after acquiring an additional 78 shares during the period. CX Institutional raised its stake in Johnson Controls International by 0.5% during the 2nd quarter. CX Institutional now owns 14,779 shares of the company’s stock valued at $2,159,000 after acquiring an additional 79 shares in the last quarter. Finally, Allegiance Financial Group Advisory Services LLC lifted its holdings in Johnson Controls International by 2.7% in the second quarter. Allegiance Financial Group Advisory Services LLC now owns 3,036 shares of the company’s stock worth $445,000 after purchasing an additional 79 shares during the period. Institutional investors own 90.05% of the company’s stock.

Analyst Upgrades and Downgrades Several research firms have commented on JCI. Sanford C. Bernstein started coverage on shares of Johnson Controls International in a research note on Tuesday, June 9th. They set an “outperform” rating and a $176.00 target price on the stock. Oppenheimer reissued a “market perform” rating on shares of Johnson Controls International in a report on Tuesday, June 2nd. Wall Street Zen downgraded Johnson Controls International from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. UBS Group reiterated a “buy” rating on shares of Johnson Controls International in a report on Thursday, July 30th. Finally, Robert W. Baird upped their price target on Johnson Controls International from $132.00 to $148.00 and gave the company a “neutral” rating in a report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $154.80.

Read Our Latest Analysis on Johnson Controls International

Johnson Controls International Stock Performance JCI stock opened at $151.47 on Friday. The firm has a 50 day moving average of $144.71 and a two-hundred day moving average of $139.65. Johnson Controls International plc has a 12 month low of $103.07 and a 12 month high of $157.06. The company has a market capitalization of $91.75 billion, a price-to-earnings ratio of 26.34, a P/E/G ratio of 1.47 and a beta of 1.31. The company has a quick ratio of 0.83, a current ratio of 1.00 and a debt-to-equity ratio of 0.61.

Johnson Controls International (NYSE:JCI – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.12. Johnson Controls International had a return on equity of 22.11% and a net margin of 14.32%.The company had revenue of $6.61 billion during the quarter, compared to analysts’ expectations of $6.46 billion. During the same quarter in the previous year, the firm earned $1.05 earnings per share. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. As a group, equities analysts anticipate that Johnson Controls International plc will post 5.08 EPS for the current fiscal year.

Johnson Controls International Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Monday, June 15th were paid a dividend of $0.40 per share. The ex-dividend date was Monday, June 15th. This represents a $1.60 annualized dividend and a yield of 1.1%. Johnson Controls International’s dividend payout ratio is presently 27.83%.

Insider Buying and Selling In other news, VP Todd M. Grabowski sold 1,800 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $146.20, for a total transaction of $263,160.00. Following the completion of the transaction, the vice president directly owned 26,215 shares in the company, valued at $3,832,633. The trade was a 6.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Lei Zhang Schlitz sold 23,417 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $153.07, for a total value of $3,584,440.19. Following the completion of the sale, the vice president directly owned 15,017 shares of the company’s stock, valued at $2,298,652.19. This represents a 60.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.29% of the company’s stock.

Johnson Controls International Company Profile (Free Report)

Johnson Controls International plc is a global diversified technology and multi‑industrial company that develops products, services and solutions for buildings and energy storage. The company’s core focus is on improving building efficiency, safety and sustainability through a combination of HVAC equipment, building controls and automation, fire and security systems, and related services. Johnson Controls traces its roots to 1885, when inventor Warren S. Johnson developed an electric room thermostat; over its long history the company has expanded from controls into a broad set of building‑related technologies and, through corporate transactions, into a global provider of integrated building solutions.

Johnson Controls’ product and service portfolio includes heating, ventilation and air‑conditioning equipment, chillers, air handlers and related mechanical systems, together with building automation and control platforms that monitor and manage energy use, indoor environmental quality and security.

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Bank of America Corp DE reduced its position in Johnson Controls International plc (NYSE:JCI – Free Report) by 7.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,743,537 shares of the company’s stock after selling 1,410,104 shares during the period. Bank of America Corp DE owned about 2.91% of Johnson Controls International worth $2,323,516,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Johnson Controls International by 14.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 112,411 shares of the company’s stock valued at $13,461,000 after purchasing an additional 14,446 shares during the period. Diversified Management Inc. acquired a new stake in shares of Johnson Controls International in the 4th quarter valued at about $1,310,000. Abacus Wealth Partners LLC bought a new stake in Johnson Controls International in the 4th quarter valued at about $1,233,000. Vista Investment Partners LLC bought a new stake in Johnson Controls International in the 4th quarter valued at about $4,202,000. Finally, North Dakota State Investment Board acquired a new position in Johnson Controls International during the 4th quarter worth approximately $2,712,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

Insiders Place Their Bets In other news, VP Todd M. Grabowski sold 1,800 shares of the company’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $146.20, for a total value of $263,160.00. Following the completion of the sale, the vice president owned 26,215 shares in the company, valued at $3,832,633. This represents a 6.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Lei Zhang Schlitz sold 88,809 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $140.99, for a total transaction of $12,521,180.91. Following the completion of the sale, the vice president owned 57,059 shares of the company’s stock, valued at approximately $8,044,748.41. This represents a 60.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.29% of the stock is owned by insiders.

Key Stories Impacting Johnson Controls International Here are the key news stories impacting Johnson Controls International this week:

Positive Sentiment: Quarterly earnings beat expectations. Adjusted EPS was $1.42 versus the $1.30 consensus, while revenue rose 9.3% year over year to $6.61 billion, exceeding the $6.46 billion estimate. Johnson Controls earnings report Positive Sentiment: Management raised its fiscal 2026 outlook. The company now expects adjusted EPS of approximately $5.05, above the $4.90 analyst consensus, and fourth-quarter EPS of $1.55 versus the $1.52 consensus. Full-year organic sales growth is projected at about 8%. Johnson Controls raises fiscal 2026 guidance Positive Sentiment: Demand indicators were robust. Organic orders increased 27% year over year, and the organic backlog grew 32% to $21.0 billion. Data-center demand is emerging as a major growth driver and could eventually represent roughly one-third of the business. Johnson Controls data center demand Positive Sentiment: RBC raised its price target from $154 to $161 while maintaining a “sector perform” rating, implying additional upside based on the referenced current price. RBC raises Johnson Controls price target Neutral Sentiment: Analysts collectively maintain a “moderate buy” recommendation, while unusually high call-option activity indicates increased trading interest but is not conclusive evidence of future performance. Johnson Controls unusual options activity Negative Sentiment: Recent institutional positioning was mixed, with several large investors reducing holdings, and disclosed insider activity included more sales than purchases. These signals may modestly temper the otherwise positive earnings reaction. Johnson Controls International Stock Performance Shares of Johnson Controls International stock opened at $144.12 on Friday. Johnson Controls International plc has a 52 week low of $103.07 and a 52 week high of $151.18. The company has a quick ratio of 0.85, a current ratio of 1.00 and a debt-to-equity ratio of 0.61. The business has a 50 day moving average price of $142.29 and a 200-day moving average price of $136.96. The company has a market cap of $87.93 billion, a PE ratio of 25.06, a price-to-earnings-growth ratio of 1.45 and a beta of 1.31.

Johnson Controls International (NYSE:JCI – Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.12. Johnson Controls International had a return on equity of 22.11% and a net margin of 14.32%.The company had revenue of $6.61 billion for the quarter, compared to analysts’ expectations of $6.46 billion. During the same quarter in the previous year, the firm earned $1.05 earnings per share. Johnson Controls International’s quarterly revenue was up 9.3% on a year-over-year basis. Johnson Controls International has set its Q4 2026 guidance at 1.550-1.550 EPS and its FY 2026 guidance at 5.050-5.050 EPS. Equities analysts anticipate that Johnson Controls International plc will post 5.05 earnings per share for the current fiscal year.

Johnson Controls International Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Monday, June 15th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Monday, June 15th. Johnson Controls International’s payout ratio is currently 28.62%.

Analyst Ratings Changes JCI has been the topic of several recent research reports. BNP Paribas Exane initiated coverage on Johnson Controls International in a research note on Tuesday, April 14th. They issued an “underperform” rating and a $120.00 price objective for the company. JPMorgan Chase & Co. upped their target price on Johnson Controls International from $158.00 to $162.00 in a research report on Thursday, May 7th. Oppenheimer reiterated a “market perform” rating on shares of Johnson Controls International in a report on Tuesday, June 2nd. Barclays lifted their price target on shares of Johnson Controls International from $136.00 to $144.00 and gave the company an “equal weight” rating in a research report on Thursday, May 7th. Finally, HSBC boosted their price target on shares of Johnson Controls International from $127.00 to $136.00 in a research note on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Johnson Controls International currently has a consensus rating of “Moderate Buy” and a consensus price target of $153.30.

Read Our Latest Report on JCI

Johnson Controls International Company Profile (Free Report)

Johnson Controls International plc is a global diversified technology and multi‑industrial company that develops products, services and solutions for buildings and energy storage. The company’s core focus is on improving building efficiency, safety and sustainability through a combination of HVAC equipment, building controls and automation, fire and security systems, and related services. Johnson Controls traces its roots to 1885, when inventor Warren S. Johnson developed an electric room thermostat; over its long history the company has expanded from controls into a broad set of building‑related technologies and, through corporate transactions, into a global provider of integrated building solutions.

Johnson Controls’ product and service portfolio includes heating, ventilation and air‑conditioning equipment, chillers, air handlers and related mechanical systems, together with building automation and control platforms that monitor and manage energy use, indoor environmental quality and security.

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Johnson Controls International plc (JCI) Q3 2026 Earnings Call Transcript

Q3 sales increased 9% and organic sales increased 10%* Q3 GAAP EPS of $1.23; Q3 Adjusted EPS* of $1.42 Q3 orders +27% organically year-over-year Backlog of $21.0 billion increased 32% organically year-over-year *  This earnings release contains non-GAAP financial measures. Definitions and reconciliations of the non-GAAP financial measures can be found in the attached footnotes. Non-GAAP measures should be considered in addition to, and not as replacements for, the most comparable GAAP measures.

, /PRNewswire/ -- Johnson Controls International plc (NYSE: JCI), a global leader in thermal management, mission-critical building systems, energy efficiency, and decarbonization, is proud to announce fiscal third quarter 2026 GAAP earnings per share ("EPS") of $1.23. Adjusted EPS was $1.42.

Q3 sales increased 9% to $6.6 billion and organic sales increased 10%.

For the quarter, GAAP net income from continuing operations attributable to JCI was $749 million and adjusted net income from continuing operations was $868 million.

"We delivered another strong quarter, highlighted by 10% organic revenue growth, sustained order momentum, and continued margin expansion," said Joakim Weidemanis, Chief Executive Officer of Johnson Controls. "While we remain early in our journey deploying our proprietary business system, the progress we are seeing demonstrates the potential to further improve execution, productivity and customer outcomes. Our third-quarter performance and continued momentum give us confidence in our raised full-year outlook."

FISCAL Q3 SEGMENT RESULTS

The financial highlights presented in the tables below exclude discontinued operations and are in accordance with GAAP, unless otherwise indicated. All comparisons are to the third quarter of fiscal 2025. Orders and backlog metrics included in the release relate to the Company's Solutions and Services businesses. Orders prior to Q1 2026 exclude certain equipment-only sales for longer cycle projects. Backlog has been restated to include this new category.

A slide presentation to accompany the results can be found in the Investor Relations section of Johnson Controls' website at http://investors.johnsoncontrols.com.

Americas

Fiscal Q3

(in millions)

2026

2025

Change

Sales

$4,504

$4,042

11 %

Segment EBIT

847

654

30 %

Segment EBIT Margin %

18.8 %

16.2 %

       260 bp    

Segment EBITA (non-GAAP)

926

742

25 %

Adjusted Segment EBITA (non-GAAP)

951

746

27 %

Adjusted Segment EBITA Margin % (non-GAAP)

21.1 %

18.5 %

       260 bp    

Sales in the quarter of $4.5 billion increased 11% over the prior year. Organic sales also increased 11% led by continued strength across Applied HVAC. Products and Systems sales increased 12% and Services increased 10%.

Excluding acquisitions and divestitures and adjusted for foreign currency, orders increased 37% year-over-year and backlog of $15.9 billion increased 40% year-over-year. The increase in orders and backlog was supported by sustained demand from data centers and other mission-critical environments.

Segment EBIT margin and adjusted Segment EBITA margin increased 260 bp compared to the prior year. The increases were primarily driven by strong operating leverage on higher revenue. Adjusted Segment EBITA in both Q3 2026 and Q3 2025 excludes transformation costs.

EMEA (Europe, Middle East, Africa)

Fiscal Q3

(in millions)

2026

2025

Change

Sales

$1,264

$1,273

(1 %)

Segment EBIT

172

159

8 %

Segment EBIT Margin %

13.6 %

12.5 %

       110 bp    

Segment EBITA (non-GAAP)

179

177

1 %

Adjusted Segment EBITA (non-GAAP)

181

179

1 %

Adjusted Segment EBITA Margin % (non-GAAP)

14.3 %

14.1 %

        20 bp    

Sales in the quarter of approximately $1.3 billion decreased 1% over the prior year. Organic sales increased 1% versus the prior year quarter; constrained by continued pressure in the region due to the conflicts in the Middle East. Both Products and Systems and Services grew 1% organically.

Excluding acquisitions and divestitures and adjusted for foreign currency, orders increased 6% year-over-year and backlog of $3.1 billion increased 14% year-over-year. 

Segment EBIT margin increased 110 bp and adjusted Segment EBITA margin increased 20 bp compared to the prior year. The increases were primarily driven by favorable pricing and productivity improvements, partially offset by the impact of business divestitures. Adjusted Segment EBITA in Q3 2026 and Q3 2025 excludes transformation costs.

APAC (Asia Pacific)

Fiscal Q3

(in millions)

2026

2025

Change

Sales

$846

$737

15 %

Segment EBIT

171

139

23 %

Segment EBIT Margin %

20.2 %

18.9 %

       130 bp    

Segment EBITA (non-GAAP)

175

143

22 %

Adjusted Segment EBITA (non-GAAP)

179

143

25 %

Adjusted Segment EBITA Margin % (non-GAAP)

21.2 %

19.4 %

       180 bp    

Sales in the quarter of $846 million increased 15% versus the prior year. Organic sales increased 15% versus the prior year quarter, led by 20% growth in Product and Systems and continued strength in Applied HVAC.

Excluding acquisitions and divestitures and adjusted for foreign currency, orders increased 12% and backlog of $2.0 billion increased 12% year-over-year.

Segment EBIT margin increased 130 bp and adjusted Segment EBITA margin increased 180 bp compared to the prior year, primarily driven by productivity improvements, favorable business mix and higher revenues. Adjusted Segment EBITA in Q3 2026 excludes transformation costs.

Corporate

Fiscal Q3

(in millions)

2026

2025

Change

Corporate Expense

GAAP

$167

$141

18 %

Adjusted (non-GAAP)

100

93

8 %

Adjusted Corporate expense in both Q3 2026 and Q3 2025 excludes certain transaction/separation costs and transformation costs. The increase year-over-year is primarily due to increased corporate accruals related to incentive compensation and the timing of certain corporate expenses.

OTHER Q3 ITEMS

Cash provided by operating activities was $1,289 million. Free cash flow was $1,194 million and adjusted free cash flow was $1,179 million.   The Company paid dividends of $245 million. GUIDANCE

The following forward-looking statements are non-GAAP financial measures. These non-GAAP financial measures are derived by excluding certain amounts from the corresponding financial measures determined in accordance with GAAP. The determination of the amounts excluded is a matter of management judgment and depends upon, among other factors, the nature of the underlying expense or income amounts recognized in a given period and the high variability of certain amounts, such as mark-to-market adjustments. Organic revenue growth excludes the effect of acquisitions, divestitures and foreign currency. The Company is unable to present a quantitative reconciliation of the aforementioned forward-looking non-GAAP financial measures to its most directly comparable forward-looking GAAP financial measures because such information is not available, and management cannot reliably predict the necessary components of such GAAP measures without unreasonable effort or expense. The unavailable information could have a significant impact on the Company's fiscal 2026 fourth quarter and full year GAAP financial results.

The Company initiated fiscal 2026 fourth quarter continuing operations guidance:

Organic sales growth of 9% to 10% Operating leverage of 45% to 50% Adjusted EPS of ~$1.55 The Company's fiscal 2026 full year continuing operations guidance is as follows:

Organic sales growth of ~8% (previously up ~6%) Operating leverage of 45% to 50% (previously ~50%) Adjusted EPS of ~$5.05 (previously ~$4.85) Adjusted free cash flow conversion of ~100% (unchanged) CONFERENCE CALL & WEBCAST INFO

Johnson Controls will host a conference call to discuss this quarter's results at 8:30 a.m. ET today, which can be accessed via webcast at https://johnson-controls-q3-2026-earnings.open-exchange.net. A slide presentation will accompany the prepared remarks and has been posted on the investor relations section of the Johnson Controls website at https://investors.johnsoncontrols.com/news-and-events/events-and-presentations. A replay will be made available approximately two hours following the conclusion of the conference call.

ABOUT JOHNSON CONTROLS

Johnson Controls, a global leader in thermal management, mission-critical building systems, energy efficiency, and decarbonization, helps customers use energy more productively, reduce carbon emissions, and operate with the precision and resilience required in rapidly expanding industries such as data centers, healthcare, pharmaceuticals, advanced manufacturing, and higher education.

For more than 140 years, Johnson Controls has delivered performance where it really matters. Backed by advanced technology, lifecycle services and an industry-leading field organization, we elevate customer performance, turn goals into real-world results and help move society forward.

Visit johnsoncontrols.com for more information and follow @Johnsoncontrols on social platforms.

JOHNSON CONTROLS CONTACTS:

INVESTOR CONTACT:

MEDIA CONTACT:

Michael Gates

Danielle Canzanella

Direct: +1 414.524.5785

Direct: +1 203.499.8297

Email: [email protected]       

Email: [email protected]

###

JOHNSON CONTROLS INTERNATIONAL PLC CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

Johnson Controls International plc (the "Company") has made statements in this document that are forward-looking and therefore are subject to risks and uncertainties. All statements in this document other than statements of historical fact are, or could be, "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. In this document, statements regarding the Company's future financial position, sales, costs, earnings, cash flows, other measures of results of operations, synergies and integration opportunities, capital expenditures, debt levels and market outlook are forward-looking statements. Words such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe," "should," "forecast," "project" or "plan" and terms of similar meaning are also generally intended to identify forward-looking statements. However, the absence of these words does not mean that a statement is not forward-looking. The Company cautions that these statements are subject to numerous important risks, uncertainties, assumptions and other factors, some of which are beyond the Company's control, that could cause the Company's actual results to differ materially from those expressed or implied by such forward-looking statements, including, among others, risks related to: the ability to develop or acquire new products and technologies that achieve market acceptance and meet applicable quality and regulatory requirements; the ability to manage general economic, business and capital market conditions, including the impacts of trade restrictions, recessions, economic downturns and global price inflation; the ability to manage macroeconomic and geopolitical volatility, including changes to laws or policies governing foreign trade, including tariffs, economic sanctions, foreign exchange and capital controls, import/export controls or other trade restrictions as well as any associated supply chain disruptions; the ability to execute on the Company's operating model and drive organizational improvement; the ability to innovate and adapt to emerging technologies, ideas and trends in the marketplace, including the incorporation of technologies such as artificial intelligence; fluctuations in the cost and availability of public and private financing for customers; the ability to manage disruptions caused by international conflicts, including Russia and Ukraine and the ongoing conflicts in the Middle East; the ability to successfully execute and complete portfolio simplification actions, as well as the possibility that the expected benefits of such actions will not be realized or will not be realized within the expected time frame; managing the risks and impacts of potential and actual security breaches, cyberattacks, privacy breaches or data breaches, maintaining and improving the capacity, reliability and security of the Company's enterprise information technology infrastructure; the ability to manage the lifecycle cybersecurity risk in the development, deployment and operation of the Company's digital platforms and services; fluctuations in currency exchange rates; the ability to hire and retain senior management and other key personnel; changes or uncertainty in laws, regulations, rates, policies, or interpretations that impact business operations or tax status; the ability to adapt to global climate change, climate change regulation and successfully meet the Company's public sustainability commitments; the outcome of litigation and governmental proceedings; the risk of infringement or expiration of intellectual property rights; the ability to manage disruptions caused by catastrophic or geopolitical events, such as natural disasters, armed conflict, political change, climate change, pandemics and outbreaks of contagious diseases and other adverse public health developments; any delay or inability of the Company to realize the expected benefits and synergies of recent portfolio transactions; the tax treatment of recent portfolio transactions; significant transaction costs and/or unknown liabilities associated with such transactions; labor shortages, work stoppages, union negotiations, labor disputes and other matters associated with the labor force; and the cancellation of or changes to commercial arrangements. A detailed discussion of risks related to Johnson Controls' business is included in the section entitled "Risk Factors" in Johnson Controls' Annual Report on Form 10-K for the year ended September 30, 2025 filed with the United States Securities and Exchange Commission ("SEC") on November 14, 2025, which is available at www.sec.gov and www.johnsoncontrols.com under the "Investors" tab. The description of certain of these risks is supplemented in Item 1A of Part II of Johnson Controls subsequently filed Quarterly Reports on Form 10-Q. The forward-looking statements included in this document are made only as of the date of this document, unless otherwise specified, and, except as required by law, Johnson Controls assumes no obligation, and disclaims any obligation, to update such statements to reflect events or circumstances occurring after the date of this document.

FINANCIAL STATEMENTS
 

Johnson Controls International plc

Consolidated Statements of Income

(in millions, except per share data; unaudited)

Three Months Ended

June 30,

Nine Months Ended

June 30,

2026

2025

2026

2025

Net sales

Products and systems

$        4,596

$        4,122

$       12,687

$       11,672

Services

2,018

1,930

5,866

5,482

6,614

6,052

18,553

17,154

Cost of sales

Products and systems

3,012

2,656

8,448

7,635

Services

1,128

1,150

3,295

3,278

4,140

3,806

11,743

10,913

Gross profit

2,474

2,246

6,810

6,241

Selling, general and administrative expenses

1,407

1,417

4,029

4,243

Restructuring and impairment costs

80

51

224

146

Net financing charges

71

77

197

243

Equity income

1

4

3

5

Income from continuing operations before income taxes

917

705

2,363

1,614

Income tax provision

165

87

443

160

Income from continuing operations

752

618

1,920

1,454

Income (loss) from discontinued operations, net of tax

—

160

(27)

301

Net income

752

778

1,893

1,755

Income attributable to noncontrolling interests

Continuing operations

3

—

7

—

Discontinued operations

—

77

—

157

Net income attributable to Johnson Controls

$           749

$           701

$        1,886

$        1,598

Income (loss) attributable to Johnson Controls

Continuing operations

$           749

$           618

$        1,913

$        1,454

Discontinued operations

—

83

(27)

144

Total

$           749

$           701

$        1,886

$        1,598

Basic earnings (loss) per share attributable to Johnson
Controls

Continuing operations

$          1.23

$          0.94

$          3.13

$          2.21

Discontinued operations

—

0.13

(0.04)

0.22

Total

$          1.23

$          1.07

$          3.09

$          2.43

Diluted earnings (loss) per share attributable to
Johnson Controls

Continuing operations

$          1.23

$          0.94

$          3.12

$          2.20

Discontinued operations

—

0.13

(0.04)

0.22

Total

$          1.23

$          1.07

$          3.08

$          2.42

Johnson Controls International plc

Condensed Consolidated Statements of Financial Position

(in millions; unaudited)

June 30, 2026

September 30, 2025

Assets

Cash and cash equivalents

$                  641

$                  379

Accounts receivable - net

6,970

6,269

Inventories

1,955

1,820

Current assets held for sale

4

14

Other current assets

1,711

1,680

Current assets

11,281

10,162

Property, plant and equipment - net

1,977

2,193

Goodwill

16,612

16,633

Other intangible assets - net

3,550

3,613

Noncurrent assets held for sale

225

140

Other noncurrent assets

5,114

5,198

Total assets

$              38,759

$              37,939

Liabilities and Equity

Short-term debt

$                  865

$                  723

Current portion of long-term debt

311

566

Accounts payable

3,917

3,614

Accrued compensation and benefits

1,098

1,268

Deferred revenue

2,943

2,470

Current liabilities held for sale

5

12

Other current liabilities

2,144

2,288

Current liabilities

11,283

10,941

Long-term debt

8,299

8,591

Pension and postretirement benefit obligations

177

211

Noncurrent liabilities held for sale

34

9

Other noncurrent liabilities

5,451

5,233

Noncurrent liabilities

13,961

14,044

Shareholders' equity attributable to Johnson Controls

13,482

12,927

Noncontrolling interests

33

27

Total equity

13,515

12,954

Total liabilities and equity

$              38,759

$              37,939

Consolidated Statements of Cash Flows

(in millions; unaudited)

Three Months Ended

June 30,

Nine Months Ended

June 30,

2026

2025

2026

2025

Operating Activities of Continuing Operations

Income from continuing operations:

Attributable to Johnson Controls

$      749

$      618

$   1,913

$   1,454

Attributable to noncontrolling interests

3

—

7

—

Total

752

618

1,920

1,454

Adjustments to reconcile net income to cash provided by operating activities of
continuing operations:

Depreciation and amortization

162

190

495

585

Pension and postretirement benefits

(11)

(15)

(39)

(52)

Deferred income taxes

(61)

(39)

(58)

(146)

Noncash restructuring and impairment charges

56

23

160

56

Equity-based compensation

29

48

95

107

(Gain) loss on business divestiture

(13)

—

(86)

6

Other - net

(23)

(24)

2

2

Changes in assets and liabilities:

Accounts receivable

(368)

(172)

(757)

(79)

Inventories

(26)

(52)

(166)

(79)

Other assets

(35)

(76)

62

(289)

Restructuring reserves

1

5

(25)

2

Accounts payable and accrued liabilities

701

258

764

31

Accrued income taxes

125

23

205

(12)

Cash provided by operating activities from continuing operations

1,289

787

2,572

1,586

Investing Activities of Continuing Operations

Capital expenditures

(95)

(94)

(243)

(304)

Acquisitions of businesses, net of cash acquired

(291)

(1)

(291)

(9)

Divestitures of businesses, net of cash divested

122

1

331

2

Other - net

(12)

9

(32)

9

Cash used by investing activities from continuing operations

(276)

(85)

(235)

(302)

Financing Activities of Continuing Operations

Net proceeds (payments) from borrowings with maturities less than three months

(259)

(75)

(194)

283

Proceeds from debt

229

—

545

1,369

Repayments of debt

—

—

(639)

(1,096)

Stock repurchases and retirements

(635)

(310)

(850)

(970)

Payment of cash dividends

(245)

(243)

(734)

(733)

Employee equity-based compensation withholding taxes

(2)

(2)

(62)

(33)

Other - net

(4)

(7)

(12)

69

Cash used by financing activities from continuing operations

(916)

(637)

(1,946)

(1,111)

Discontinued Operations

Cash (used) provided by operating activities

—

208

(98)

255

Cash used by investing activities

(155)

(25)

(155)

(52)

Cash used by financing activities

—

(109)

—

(174)

Cash (used) provided by discontinued operations

(155)

74

(253)

29

Effect of exchange rate changes on cash, cash equivalents and restricted cash

(1)

(201)

122

(216)

Change in cash, cash equivalents and restricted cash held for sale

4

—

—

3

Increase (decrease) in cash, cash equivalents and restricted cash

(55)

(62)

260

(11)

Cash, cash equivalents and restricted cash at beginning of period

713

818

398

767

Cash, cash equivalents and restricted cash at end of period

658

756

658

756

Less: Restricted cash

17

25

17

25

Cash and cash equivalents at end of period

$      641

$      731

$      641

$      731

FOOTNOTES

1.   Sale of Residential and Light Commercial HVAC Business

In July 2025, the Company sold its Residential and Light Commercial ("R&LC") HVAC business, including the North America Ducted business and the global Residential joint venture with Hitachi Global Life Solutions, Inc. ("Hitachi"), of which Johnson Controls owned 60% and Hitachi owned 40%. The R&LC HVAC business met the criteria to be classified as a discontinued operation and, as a result, its historical financial results are reflected in the consolidated financial statements as a discontinued operation.

2.   Non-GAAP Measures

The Company reports various non-GAAP measures in this earnings release and the related earnings presentation.  Non-GAAP measures should be considered in addition to, and not as replacements for, the most comparable GAAP measures. Refer to the following footnotes for further information on the calculations of the non-GAAP measures and reconciliations of the non-GAAP measures to the most comparable GAAP measures.

Organic sales

Organic sales growth excludes the impact of acquisitions, divestitures and foreign currency. Management believes organic sales growth is useful to investors in understanding period-over-period sales results and trends.

Cash flow

Management believes free cash flow and adjusted free cash flow measures are useful to investors in understanding the strength of the Company and its ability to generate cash. These non-GAAP measures can also be used to evaluate the Company's ability to generate cash flow from operations and the impact that this cash flow has on its liquidity. Management also believes adjusted free cash flows are useful to investors in understanding period-over-period cash flows, cash trends and ongoing cash flows of the Company.

Adjusted free cash flow and adjusted free cash flow conversion are non-GAAP measures which exclude the impacts of the following:

JC Capital cash flows primarily include activity associated with finance/notes receivables and inventory and/or capital expenditures related to lease arrangements. JC Capital net income is primarily related to interest income on the finance/notes receivable and profit recognized on arrangements with sales-type lease components. The impact of the accounts receivables factoring program which was discontinued in March 2024. Cash payments related to the water systems AFFF settlement and cash receipts for AFFF-related insurance recoveries. Prepayment of royalty fees associated with certain IP licensed to divested businesses. Discrete tax payments are non-recurring tax settlements for certain non-US jurisdictions. Adjusted financial measures

Adjusted financial measures are non-GAAP measures that are derived by excluding certain amounts from the corresponding financial measures determined in accordance with GAAP. The determination of the excluded amounts is a matter of management judgment and depends upon the nature and variability of the underlying expense or income amounts and other factors.

As detailed in the tables included in footnotes four through seven, the following items were excluded from certain financial measures:

Net mark-to-market adjustments are the result of adjusting restricted asbestos investments and pension and postretirement plan assets to their current market value. These adjustments may have a favorable or unfavorable impact on results.  Restructuring and impairment costs represents restructuring costs attributable to Johnson Controls including costs associated with exit plans or other restructuring plans that will have a more significant impact on the underlying cost structure of the organization. Impairment costs primarily relate to write-downs of goodwill, intangible assets and assets held for sale to their fair value. Water systems AFFF settlement and insurance recoveries include amounts related to a settlement with a nationwide class of public water systems concerning the use of AFFF manufactured and sold by a subsidiary of the Company, and AFFF-related insurance recoveries. Transaction/separation costs include costs associated with significant mergers and acquisitions. Transformation costs represent incremental expenses incurred in association with strategic growth initiatives and cost saving opportunities in order to realize the benefits of portfolio simplification and the Company's lifecycle solutions strategy. ERP asset - accelerated depreciation represents a change in ERP strategy within the EMEA segment, which led to certain assets being abandoned and the useful lives reduced. Loss (gain) on divestiture relates to the sale of the ADT Mexico Security and ADTi businesses. EMEA joint venture loss relates to certain non-recurring losses associated with the equity method accounting of a joint venture company. Discrete tax items, net includes the net impact of discrete tax items within the period, including the following types of items: changes in estimates associated with valuation allowances, changes in estimates associated with reserves for uncertain tax positions, withholding taxes recorded upon changes in indefinite re-investment assertions for businesses to be disposed of and impacts from statutory rate changes. Related tax impact includes the tax impact of the various excluded items. Management believes the exclusion of these items is useful to investors due to the unusual nature and/or magnitude of the amounts. When considered together with unadjusted amounts, adjusted financial measures are useful to investors in understanding period-over-period operating results, business trends and ongoing operations of the Company. Management may also use these metrics as guides in forecasting, budgeting and long-term planning processes and for compensation purposes.

Operating leverage

Operating leverage is defined as the ratio of the change in adjusted EBIT for the period, divided by the corresponding change in net revenues. Management believes operating leverage is a useful metric to reflect enterprise value creation, capturing the impact of scale and cost discipline across the organization.

Debt ratios

Management believes that net debt to adjusted EBITDA, a non-GAAP measure, is useful to understanding the Company's financial condition as the ratio provides an overview of the extent to which the Company relies on external debt financing for its funding and also is a measure of risk to its shareholders.

3.   Sales

The following tables detail the changes in sales from continuing operations attributable to organic growth, foreign currency, acquisitions, divestitures and other (unaudited): 

Net sales

Three Months Ended June 30

(in millions)

Americas

EMEA

APAC

Total

Net sales - 2025

$     4,042

$     1,273

$        737

$     6,052

Base year adjustments

Divestitures and other

—

(41)

(5)

(46)

Foreign currency

8

15

3

26

Adjusted base net sales

4,050

1,247

735

6,032

Organic growth

454

17

111

582

Net sales - 2026

$     4,504

$     1,264

$        846

$     6,614

Growth %:

Net sales

11 %

(1) %

15 %

9 %

Organic growth

11 %

1 %

15 %

10 %

Net sales

Nine Months Ended June 30

(in millions)

Americas

EMEA

APAC

Total

Net sales - 2025

$    11,506

$     3,631

$     2,017

$    17,154

Base year adjustments

Divestitures and other

—

(78)

(5)

(83)

Foreign currency

38

169

19

226

Adjusted base net sales

11,544

3,722

2,031

17,297

Acquisitions

—

3

—

3

Organic growth

924

82

247

1,253

Net sales - 2026

$    12,468

$     3,807

$     2,278

$    18,553

Growth %:

Net sales

8 %

5 %

13 %

8 %

Organic growth

8 %

2 %

12 %

7 %

Products and systems revenue

Three Months Ended June 30

(in millions)

Americas

EMEA

APAC

Total

Products and systems revenue - 2025

$     2,847

$        756

$        519

$     4,122

Base year adjustments

Divestitures and other

—

(1)

(1)

(2)

Foreign currency

8

11

3

22

Adjusted products and systems revenue

2,855

766

521

4,142

Organic growth

339

11

104

454

Products and systems revenue -  2026

$     3,194

$        777

$        625

$     4,596

Growth %:

Products and systems revenue

12 %

3 %

20 %

11 %

Organic growth

12 %

1 %

20 %

11 %

Products and systems revenue

Nine Months Ended June 30

(in millions)

Americas

EMEA

APAC

Total

Products and systems revenue - 2025

$     8,094

$     2,177

$     1,401

$    11,672

Base year adjustments

Divestitures and other

—

—

(1)

(1)

Foreign currency

35

113

15

163

Adjusted products and systems revenue

8,129

2,290

1,415

11,834

Acquisitions

—

3

—

3

Organic growth

580

45

225

850

Products and systems revenue -  2026

$     8,709

$     2,338

$     1,640

$    12,687

Growth %:

Products and systems revenue

8 %

7 %

17 %

9 %

Organic growth

7 %

2 %

16 %

7 %

Service revenue

Three Months Ended June 30

(in millions)

Americas

EMEA

APAC

Total

Service revenue - 2025

$     1,195

$        517

$        218

$     1,930

Base year adjustments

Divestitures and other

—

(40)

(4)

(44)

Foreign currency

—

4

—

4

Adjusted base service revenue

1,195

481

214

1,890

Organic growth

115

6

7

128

Service revenue -  2026

$     1,310

$        487

$        221

$     2,018

Growth %:

Service revenue

10 %

(6) %

1 %

5 %

Organic growth

10 %

1 %

3 %

7 %

Service revenue

Nine Months Ended June 30

(in millions)

Americas

EMEA

APAC

Total

Service revenue - 2025

$     3,412

$     1,454

$        616

$     5,482

Base year adjustments

Divestitures and other

—

(78)

(4)

(82)

Foreign currency

3

56

4

63

Adjusted base service revenue

3,415

1,432

616

5,463

Organic growth

344

37

22

403

Service revenue -  2026

$     3,759

$     1,469

$        638

$     5,866

Growth %:

Service revenue

10 %

1 %

4 %

7 %

Organic growth

10 %

3 %

4 %

7 %

4.   Cash Flow, Free Cash Flow and Free Cash Flow Conversion

The following table includes operating cash flow conversion, free cash flow and free cash flow conversion (unaudited):

Three Months Ended

June 30,

Nine Months Ended

June 30,

(in millions)

2026

2025

2026

2025

Cash provided by operating activities from continuing
operations

$       1,289

$         787

$       2,572

$       1,586

Income from continuing operations attributable to
   Johnson Controls

749

618

1,913

1,454

Operating cash flow conversion

172 %

127 %

134 %

109 %

Cash provided by operating activities from continuing
operations

$       1,289

$         787

$       2,572

$       1,586

Capital expenditures

(95)

(94)

(243)

(304)

Free cash flow (non-GAAP)

$       1,194

$         693

$       2,329

$       1,282

Income from continuing operations attributable to
   Johnson Controls

$         749

$         618

$       1,913

$       1,454

Free cash flow conversion from net income (non-
GAAP)

159 %

112 %

122 %

88 %

The following table includes adjusted free cash flow and adjusted free cash flow conversion (unaudited):

Three Months Ended

June 30,

Nine Months Ended

June 30,

(in millions)

2026

2025

2026

2025

Free cash flow (non-GAAP)

$       1,194

$         693

$       2,329

$       1,282

Adjustments:

JC Capital cash provided (used) by operating
activities

(8)

34

(33)

111

Water systems AFFF settlement cash payments
and insurance recoveries

(7)

(3)

(165)

383

Prepaid IP royalties for divested businesses

—

—

(29)

—

Impact from discontinued factoring program

—

1

—

15

Discrete tax payments

—

—

31

—

Adjusted free cash flow (non-GAAP)

$       1,179

$         725

$       2,133

$       1,791

Adjusted net income attributable to JCI (non-GAAP)

$         868

$         693

$       2,145

$       1,664

JC Capital net (income) loss

26

(8)

22

(4)

Adjusted net income attributable to JCI, excluding JC
Capital (non-GAAP)

$         894

$         685

$       2,167

$       1,660

Adjusted free cash flow conversion (non-GAAP)

132 %

106 %

98 %

108 %

5.   EBIT, Segment Profitability and Corporate Expense

The following table reconciles income from continuing operations before income taxes to EBIT and adjusted EBIT.

Three Months Ended June 30,

Nine Months Ended June 30,

(in millions; unaudited)

2026

2025

2026

2025

Income from continuing operations:

Attributable to Johnson Controls

$         749

$         618

$       1,913

$       1,454

Attributable to noncontrolling interests

3

—

7

—

Income from continuing operations

752

618

1,920

1,454

Less: Income tax provision (1)

165

87

443

160

Income before income taxes

917

705

2,363

1,614

Net financing charges

71

77

197

243

EBIT

$         988

$         782

$       2,560

$       1,857

EBIT margin

14.9 %

12.9 %

13.8 %

10.8 %

Adjusting items:

Net mark-to-market adjustments

28

21

16

7

Restructuring and impairment costs

(80)

(51)

(224)

(146)

Water systems AFFF insurance recoveries

17

1

148

13

Transaction/separation costs

(18)

(9)

(43)

(27)

Transformation costs

(80)

(45)

(197)

(124)

Gain on divestiture

—

—

70

—

Adjusted EBIT (non-GAAP)

$       1,121

$         865

$       2,790

$       2,134

Adjusted EBIT margin (non-GAAP)

16.9 %

14.3 %

15.0 %

12.4 %

(1) Adjusted income tax provision excludes the related tax impacts of pre-tax adjusting items.

The following tables reconcile Segment EBIT to Segment EBITA (non-GAAP) as reported and reconcile Segment EBIT and Segment EBITA (non-GAAP) as reported to adjusted Segment EBIT and Segment EBITA (non-GAAP) and adjusted Segment EBIT and Segment EBITA (non-GAAP) margin (unaudited): 

Three Months Ended June 30,

(in millions)

Americas

EMEA

APAC

2026

2025

2026

2025

2026

2025

Sales

$  4,504

$  4,042

$  1,264

$  1,273

$ 846

$ 737

Segment EBIT

847

654

172

159

171

139

Amortization

79

88

7

18

4

4

Segment EBITA (non-GAAP)

926

742

179

177

175

143

Adjusting items:

Transformation costs

25

4

2

2

4

—

Adjusted Segment EBIT (non-GAAP)

872

658

174

161

175

139

Adjusted Segment EBITA (non-GAAP)

951

746

181

179

179

143

Segment EBIT margin %

18.8 %

16.2 %

13.6 %

12.5 %

20.2 %

18.9 %

Adjusted Segment EBIT margin % (non-GAAP)

19.4 %

16.3 %

13.8 %

12.6 %

20.7 %

18.9 %

Segment EBITA margin % (non-GAAP)

20.6 %

18.4 %

14.2 %

13.9 %

20.7 %

19.4 %

Adjusted Segment EBITA margin % (non-GAAP)

21.1 %

18.5 %

14.3 %

14.1 %

21.2 %

19.4 %

Nine Months Ended June 30,

(in millions)

Americas

EMEA

APAC

2026

2025

2026

2025

2026

2025

Sales

$  12,468

$  11,506

$  3,807

$  3,631

$  2,278

$  2,017

Segment EBIT

2,096

1,764

502

392

427

325

Amortization

232

274

21

56

11

12

Segment EBITA (non-GAAP)

2,328

2,038

523

448

438

337

Adjusting items:

Transformation costs

57

6

13

2

4

—

Adjusted Segment EBIT (non-GAAP)

2,153

1,770

515

394

431

325

Adjusted Segment EBITA (non-GAAP)

2,385

2,044

536

450

442

337

Segment EBIT margin %

16.8 %

15.3 %

13.2 %

10.8 %

18.7 %

16.1 %

Adjusted Segment EBIT margin % (non-GAAP)

17.3 %

15.4 %

13.5 %

10.9 %

18.9 %

16.1 %

Segment EBITA margin % (non-GAAP)

18.7 %

17.7 %

13.7 %

12.3 %

19.2 %

16.7 %

Adjusted Segment EBITA margin % (non-GAAP)

19.1 %

17.8 %

14.1 %

12.4 %

19.4 %

16.7 %

The following table reconciles adjusted Segment EBITA (non-GAAP) to adjusted Segment EBITA margin (non-GAAP) (unaudited):

Three Months Ended

June 30,

Nine Months Ended

June 30,

(in millions)

2026

2025

2026

2025

Adjusted Segment EBITA (non-GAAP)

Americas

$          951

$          746

$       2,385

$       2,044

EMEA

181

179

536

450

APAC

179

143

442

337

Sales

6,614

6,052

18,553

17,154

Adjusted Segment EBITA margin (non-GAAP)

19.8 %

17.6 %

18.1 %

16.5 %

The following table reconciles Corporate expense from continuing operations as reported to the comparable adjusted amounts (unaudited):

Three Months Ended

June 30,

Nine Months Ended

June 30,

(in millions)

2026

2025

2026

2025

Corporate expense (GAAP)

$          167

$          141

$          475

$          498

Adjusting items:

Transaction/separation costs

(18)

(9)

(43)

(27)

Transformation costs

(49)

(39)

(123)

(116)

Adjusted Corporate expense (non-GAAP)

$          100

$            93

$          309

$          355

6.   Net Income and Diluted Earnings Per Share

The following tables reconcile net income from continuing operations attributable to JCI and diluted earnings per share from continuing operations as reported to the comparable adjusted amounts (unaudited):

Three Months Ended June 30,

Income from continuing
operations attributable to JCI

Diluted earnings

 per share

(in millions, except per share)

2026

2025

2026

2025

As reported (GAAP)

$           749

$           618

$          1.23

$          0.94

Adjusting items:

Net mark-to-market adjustments

(28)

(21)

(0.05)

(0.03)

Restructuring and impairment costs

80

51

0.13

0.08

Water systems AFFF insurance recoveries

(17)

(1)

(0.03)

—

Transaction/separation costs

18

9

0.03

0.01

Transformation costs

80

45

0.13

0.07

Related tax impact

(14)

(8)

(0.02)

(0.01)

Adjusted (non-GAAP)*

$           868

$           693

$          1.42

$          1.05

* May not sum due to rounding

Nine Months Ended June 30,

Income from continuing
operations attributable to JCI

Diluted earnings

 per share

(in millions, except per share)

2026

2025

2026

2025

As reported (GAAP)

$        1,913

$        1,454

$          3.12

$          2.20

Adjusting items:

Net mark-to-market adjustments

(16)

(7)

(0.03)

(0.01)

Restructuring and impairment costs

224

146

0.37

0.22

Water systems AFFF insurance recoveries

(148)

(13)

(0.24)

(0.02)

Transaction/separation costs

43

27

0.07

0.04

Transformation costs

197

124

0.32

0.19

Gain on divestiture

(70)

—

(0.11)

—

Discrete tax items

11

(36)

0.02

(0.05)

Related tax impact

(9)

(31)

(0.01)

(0.05)

Adjusted (non-GAAP)*

$        2,145

$        1,664

$          3.50

$          2.52

* May not sum due to rounding

The following table reconciles the denominators used to calculate basic and diluted earnings per share (in millions; unaudited):

Three Months Ended

June 30,

Nine Months Ended

June 30,

2026

2025

2026

2025

Weighted average shares outstanding

Basic weighted average shares outstanding

608

655

610

659

Effect of dilutive securities:

Stock options, unvested restricted stock and
unvested performance share awards

2

2

2

2

Diluted weighted average shares outstanding

610

657

612

661

7.   Debt Ratios

The following table includes continuing operations and details net debt to income before income taxes and net debt to adjusted EBITDA (unaudited):

(in millions)

June 30, 2026

March 31, 2026

June 30, 2025

Short-term debt

$                  865

$                  882

$               1,277

Current portion of long-term debt

311

28

570

Long-term debt

8,299

8,613

8,446

Total debt

9,475

9,523

10,293

Less: cash and cash equivalents

641

698

731

Net debt

$               8,834

$               8,825

$               9,562

Last twelve months income before income
taxes

$               2,718

$               2,506

$               2,262

Net debt to income before income taxes

                    3.3x 

                    3.5x 

                    4.2x 

Last twelve months adjusted EBITDA (non-
GAAP)

$               4,553

$               4,325

$               3,843

Net debt to adjusted EBITDA (non-GAAP)

1.9x

2.0x

2.5x

The following table reconciles income from continuing operations to adjusted EBIT and adjusted EBITDA (unaudited):

Twelve Months Ended

(in millions)

June 30, 2026

March 31, 2026

June 30, 2025

Income from continuing operations

$            2,190

$            2,056

$            1,992

Income tax provision

528

450

270

Income before income taxes

2,718

2,506

2,262

Net financing charges

273

279

339

EBIT

2,991

2,785

2,601

Adjusting items:

Net mark-to-market adjustments

(3)

4

(12)

Restructuring and impairment costs

624

595

279

Water systems AFFF insurance recoveries

(174)

(158)

(29)

Transaction/separation costs

55

46

44

Transformation costs

253

218

124

ERP asset - accelerated depreciation

102

102

—

Loss (gain) on divestiture

(70)

(70)

42

EMEA joint venture loss

—

—

17

Adjusted EBIT (non-GAAP)

3,778

3,522

3,066

Depreciation and amortization

775

803

777

Adjusted EBITDA (non-GAAP)

$            4,553

$            4,325

$            3,843

8.   Income Taxes

After adjusting for certain non-recurring items, the Company's effective tax rate for continuing operations was approximately 17% for the three and nine months ending June 30, 2026 and approximately 12% for the three and nine months ending June 30, 2025.

SOURCE Johnson Controls International plc

Dan Ives, Wedbush Securities’ Global Head of Technology Research and founder of Yorkville Labs, keeps hammering the same message: the AI cycle has barely started. On The Pomp Podcast, he argued “Those that say it’s seventh, eighth, you haven’t. It’s Vegas 1955. You’re just building the Strip.” His placement of the revolution in the “third inning” is a deliberate call to look past capex debates and Chinese model narratives and follow, in his words, “the breadcrumbs” of demand signals across chips, memory, hyperscalers, and enterprise software.

Ives said monetization proof points should start surfacing in the second half of the year, and he told listeners he is “much more confident that this is truly the fourth industrial revolution today than maybe a year and a half ago.” Here is how that thesis maps to five stocks investors can actually own.

NVIDIA: The AI Factory Buildout NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) remains the purest expression of Ives’ thesis. Q1 FY27 revenue hit $81.61B, up 85.2% year over year, with data center revenue of $75.25B and networking up 199%. Non-GAAP EPS came in at $1.87, and management guided Q2 to $91.0B, per the company’s SEC filing. Jensen Huang described “the buildout of AI factories, the largest infrastructure expansion in human history” as accelerating.

Shares trade at $196.75, up 5.49% YTD and 911.03% over five years. Polymarket assigns only a 39% probability of a July close above $200, so the crowd is treating this as consolidation, not blowoff.

Microsoft: The Monetization Test Case Microsoft (NASDAQ:MSFT) delivered Q3 FY26 revenue of $82.89B with Azure up 40%. Satya Nadella said “Our AI business surpassed an annual revenue run rate of $37 billion, up 123% year-over-year.” Commercial RPO reached $627B, and capex ran $30.88B. Details are in the Q3 earnings release.

The catch: shares sit at $399.94, down 19.19% YTD. That gap between +123% AI growth and a negative stock is precisely the capex-versus-free-cash-flow debate Ives says investors should ignore.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Microsoft didn't make the cut. Grab the names FREE today.

Taiwan Semiconductor: The Picks and Shovels Taiwan Semiconductor Manufacturing (NYSE:TSM) posted Q2 2026 revenue of $40.2B, up 36.0%, with EPS beating expectations. Nodes at 7nm and below made up 77% of wafer revenue, and 2nm just entered ramp. Full-year 2026 revenue growth is guided slightly above 40% in USD. Shares are up 31.99% YTD and 64.25% over one year, validating Ives’ claim that demand signals from chip and memory players are the real breadcrumbs.

Johnson Controls: The Data Center Cooling Play Johnson Controls (NYSE:JCI) is Ives-style AI adjacency. Q2 FY26 revenue was $6.14B, and CEO Joakim Weidemanis reported “Orders grew 30% and backlog reached a record $20 billion, reflecting strength in data centers and other high-growth, technology-driven operating environments where we differentiate.” Full-year adjusted EPS guidance was raised to ~$4.85. Shares trade at $138.97, up 20.43% YTD, with analyst target $156.37.

NXP Semiconductors: Physical and Edge AI NXP Semiconductors (NASDAQ:NXPI) fits the enterprise-and-industrial edge of Ives’ thesis. Q1 2026 revenue reached $3.18B, Industrial and IoT grew 24%, and Q2 guidance implies +18% YoY. CEO Rafael Sotomayor cited “growing customer adoption of our differentiated portfolio, particularly in industrial and automotive processing that supports software-defined vehicles and physical AI.” Shares sit at $263.50, up 24.38% YTD, with a forward P/E of 18x.

What to Watch Ives told listeners “It’s very easy to get scared into certain narratives or what Nvidia does 8 hours after they report a quarter.” The data supports that framing: NVIDIA has beaten 5 quarters in a row yet averaged a -1.58% day-of reaction. The next monetization checkpoints, hyperscaler capex signals, enterprise AI revenue disclosures, and 2nm ramp updates from TSMC, will determine whether the third-inning call ages well or looks premature.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Microsoft didn't make the cut. Grab the names FREE today.

Contact [email protected] for any questions or corrections.

Key Takeaways Johnson Controls is expected to post higher fiscal Q3 revenues of $6.43 billion and EPS of $1.32 on July 29.JCI may benefit from HVAC demand in data centers, services strength and growth from the OpenBlue platform.Johnson Controls faces margin pressure from higher SG&A costs and foreign currency headwinds. Johnson Controls International plc (JCI - Free Report) is scheduled to release third-quarter fiscal 2026 (ended June 2026) financial numbers on July 29, before market open.

The company’s earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters. The average surprise was 5.6%. In the last reported quarter, its earnings of $1.19 per share beat the consensus estimate of $1.12 by 6.3%.

The consensus estimate for revenues is pegged at $6.43 billion, indicating an increase of 6.2% from the year-ago quarter’s figure. The consensus estimate for adjusted earnings is pinned at $1.32 per share, indicating an increase of 25.7% from the year-ago quarter’s figure.

Key Factors and Estimates to Note Ahead of JCI’s Earnings ReleaseThe Americas segment is expected to have benefited from solid demand for heating, ventilation and air conditioning (HVAC) platforms in data centers and strength in services businesses in the fiscal third quarter. The Zacks Consensus Estimate for the segment’s revenues is pegged at $4.34 billion, indicating a 7.4% increase from the year-ago figure.

The Europe, the Middle East, and Africa (EMEA) segment is expected to have benefited from strength in products and systems businesses. However, disruptions caused by the Middle East conflicts and lower non-recurring services volumes are likely to mar the segment’s results. The Zacks Consensus Estimate for the segment’s revenues is pegged at $1.25 billion, indicating a 1.6% decrease from the year-ago figure.

Solid momentum in the applied HVAC business, driven by data center application growth, is expected to have driven the performance of the Asia Pacific segment. The Zacks Consensus Estimate for the segment’s revenues is pegged at $777 million, indicating a 5.4% increase from the year-ago figure.

Investments in digital offerings, like the OpenBlue platform that plays an integral part in meeting customer needs, are expected to have driven the company’s revenues.

However, the escalating selling, general and administrative (SG&A) expenses pose a threat to Johnson Controls’ bottom line. High organizational realignment and transaction/separation costs are expected to have pushed up the SG&A expenses, which are likely to have impacted its margins in the fiscal third quarter.

JCI has considerable exposure to overseas markets. Given the company’s substantial international operations, foreign currency headwinds are likely to have marred its profitability.

Earnings WhispersOur proven model predicts an earnings beat for JCI this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is the case here, as elaborated below.

Earnings ESP: JCI has an Earnings ESP of +1.85% as the Most Accurate Estimate is pegged at $1.34 per share, which is higher than the Zacks Consensus Estimate of $1.32. You can uncover the best stocks before they’re reported with our Earnings ESP Filter.

Zacks Rank: JCI currently carries a Zacks Rank of 2. You can see the complete list of today’s Zacks #1 Rank stocks here.

Other Stocks to ConsiderHere are some companies, which according to our model, also have the right combination of elements to beat on earnings in this reporting cycle.

Boise Cascade Company (BCC - Free Report) has an Earnings ESP of +6.50% and a Zacks Rank of 2 at present. The company is scheduled to release second-quarter 2026 results on Aug. 3.

Boise Cascade’s earnings surpassed the Zacks Consensus Estimate in two of the preceding four quarters, missing one and matching the other, the average surprise being 40.2%.

Ferguson Enterprises Inc. (FERG - Free Report) has an Earnings ESP of +1.22% and a Zacks Rank of 2 at present. The company is slated to release second-quarter 2026 results on Aug. 10.

Ferguson’s earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 6.5%.

Ingersoll Rand Inc. (IR - Free Report) has an Earnings ESP of +0.61% and a Zacks Rank of 3 at present. The company is slated to release second-quarter 2026 results on July 30.

Ingersoll Rand’s earnings surpassed the Zacks Consensus Estimate in two of the trailing four quarters while matching the mark in two, the average surprise being 2.4%.

Posted by Defense World Staff on Jul 25th, 2026

Bank of Nova Scotia lessened its holdings in shares of Johnson Controls International plc (NYSE:JCI – Free Report) by 60.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 292,775 shares of the company’s stock after selling 454,528 shares during the quarter. Bank of Nova Scotia’s holdings in Johnson Controls International were worth $38,339,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Maseco LLP grew its position in shares of Johnson Controls International by 102.9% in the fourth quarter. Maseco LLP now owns 211 shares of the company’s stock valued at $25,000 after purchasing an additional 107 shares in the last quarter. Mcguire Capital Advisors Inc. purchased a new position in Johnson Controls International during the fourth quarter worth approximately $27,000. Twin Tree Management LP boosted its stake in Johnson Controls International by 140.9% during the fourth quarter. Twin Tree Management LP now owns 260 shares of the company’s stock worth $31,000 after buying an additional 895 shares during the last quarter. YANKCOM Partnership acquired a new position in Johnson Controls International during the fourth quarter worth $34,000. Finally, Flagship Harbor Advisors LLC purchased a new stake in Johnson Controls International in the 4th quarter valued at $38,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes Several research firms have recently commented on JCI. Wall Street Zen upgraded Johnson Controls International from a “hold” rating to a “buy” rating in a report on Sunday, May 3rd. The Goldman Sachs Group raised their price objective on shares of Johnson Controls International from $169.00 to $178.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Johnson Controls International in a research note on Tuesday, June 9th. Sanford C. Bernstein initiated coverage on shares of Johnson Controls International in a research note on Tuesday, June 9th. They issued an “outperform” rating and a $176.00 price target for the company. Finally, Wells Fargo & Company raised their price target on shares of Johnson Controls International from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $152.85.

View Our Latest Report on JCI

Johnson Controls International Price Performance JCI stock opened at $143.35 on Friday. The business’s fifty day moving average price is $141.84 and its 200 day moving average price is $136.02. Johnson Controls International plc has a 12-month low of $102.09 and a 12-month high of $151.18. The company has a current ratio of 1.04, a quick ratio of 0.85 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $87.46 billion, a PE ratio of 25.64, a P/E/G ratio of 1.54 and a beta of 1.31.

Johnson Controls International (NYSE:JCI – Get Free Report) last issued its quarterly earnings results on Tuesday, March 31st. The company reported $1.19 earnings per share (EPS) for the quarter. The company had revenue of $6.14 billion for the quarter. Johnson Controls International had a net margin of 14.45% and a return on equity of 19.50%. On average, sell-side analysts anticipate that Johnson Controls International plc will post 4.9 EPS for the current year.

Johnson Controls International Announces Dividend The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Monday, June 15th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Monday, June 15th. Johnson Controls International’s dividend payout ratio is presently 28.62%.

Insiders Place Their Bets In other news, VP Lei Zhang Schlitz sold 88,809 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $140.99, for a total value of $12,521,180.91. Following the completion of the sale, the vice president directly owned 57,059 shares of the company’s stock, valued at approximately $8,044,748.41. This represents a 60.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Todd M. Grabowski sold 1,800 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $146.20, for a total transaction of $263,160.00. Following the completion of the sale, the vice president owned 26,215 shares of the company’s stock, valued at approximately $3,832,633. The trade was a 6.43% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.29% of the stock is currently owned by company insiders.

Johnson Controls International Company Profile (Free Report)

Johnson Controls International plc is a global diversified technology and multi‑industrial company that develops products, services and solutions for buildings and energy storage. The company’s core focus is on improving building efficiency, safety and sustainability through a combination of HVAC equipment, building controls and automation, fire and security systems, and related services. Johnson Controls traces its roots to 1885, when inventor Warren S. Johnson developed an electric room thermostat; over its long history the company has expanded from controls into a broad set of building‑related technologies and, through corporate transactions, into a global provider of integrated building solutions.

Johnson Controls’ product and service portfolio includes heating, ventilation and air‑conditioning equipment, chillers, air handlers and related mechanical systems, together with building automation and control platforms that monitor and manage energy use, indoor environmental quality and security.

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, /PRNewswire/ -- Johnson Controls International plc (NYSE: JCI), a global technology leader in thermal management, mission-critical building systems, energy efficiency and decarbonization, announces the following webcast:

What: Johnson Controls Third Quarter Fiscal 2026 Earnings Conference Call

When: Wednesday, July 29, 2026, at 8:30 a.m. ET

How: The earnings conference call for investors can be accessed:

Live via webcast at https://johnson-controls-q3-2026-earnings.open-exchange.net  Note: A slide presentation will be available that morning for downloading.

Replay: If you are unable to participate during the live webcast, the call will be archived at http://investors.johnsoncontrols.com/news-and-events/events-and-presentations About Johnson Controls

Johnson Controls, a global leader in thermal management, mission-critical building systems, energy efficiency, and decarbonization, helps customers use energy more productively, reduce carbon emissions, and operate with the precision and resilience required in rapidly expanding industries such as data centers, healthcare, pharmaceuticals, advanced manufacturing, and higher education.

For more than 140 years, Johnson Controls has delivered performance where it really matters. Backed by advanced technology, lifecycle services and an industry-leading field organization, we elevate customer performance, turn goals into real-world results and help move society forward.

 Visit johnsoncontrols.com for more information and follow @Johnsoncontrols on social platforms. 

SOURCE Johnson Controls International plc

Intelligent Monitoring Group Ltd (ASX:IMB, OTC:THRTF, FRA:8YM) has entered a binding agreement to acquire ADT’s residential security business in the United Kingdom for £180 million (AU$347,094), marking a major international expansion and a substantial uplift in recurring revenue.

The acquisition of ADT UK Residential from a subsidiary of Johnson Controls International PLC (NYSE:JCI) will be funded through £155 million in cash and £25 million in IMG shares, subject to customary completion adjustments. 

The deal gives IMG an immediate foothold in one of the world’s largest monitored security markets through one of the UK’s most established and recognised residential security brands. 

Acquisition adds scale and recurring revenue ADT UK Residential brings more than 160,000 direct residential security customers to IMG and is expected to add $12.5 million per month in recurring revenue, representing a 205% increase in IMG’s monthly recurring monitoring revenue. 

The acquisition is expected to increase IMG’s pro forma annualised EBITDA to A$130 million, compared with FY26 guidance of A$43 million to A$47 million, and deliver an estimated 40% uplift to pro forma earnings per share. 

Once complete, ADT UK Residential is expected to continue operating as a standalone business, with IMG planning an orderly transition under its established operating model. 

Funding structure avoids a new external equity raise IMG said the acquisition would be funded through a combination of a new debt facility and a vendor equity placement, with no requirement for additional external equity capital beyond the consideration shares. 

The company has entered binding commitment papers to refinance its current facilities with a four-year $448 million Unitranche facility provided by Ares Capital Corporation, split between £155 million and A$150 million. 

IMG expects pro forma leverage of about 3.1 times net debt to pro forma FY26 EBITDA following completion. 

Rationale builds on ADT experience The acquisition aligns with its strategy of acquiring high-quality security businesses with strong customer relationships and established market positions.

The company sees ADT UK Residential as a platform for future growth, including the rollout of advanced monitoring and video security solutions. 

Managing director Dennison Hambling said the transaction represented “a compelling opportunity” to add a recognised residential security platform supported by long-standing customer relationships.

“Following the acquisition of ADT's businesses in Australia and New Zealand in 2023, IMG has developed a unique understanding of ADT's operating model and brand,” Hambling said.

“This experience underpins our confidence in both the quality of the asset and IMG’s ability to effectively integrate, operate and grow the business.” 

What happens next Completion of the acquisition remains subject to customary conditions, including regulatory approvals and IMG shareholder approval. 

Black Crane Asia Pacific Opportunities Fund, which holds about 29.3% of IMG, has indicated it intends to vote in favour of issuing the consideration shares, subject to no superior proposal emerging. 

The acquisition is expected to be finalised in the first half of 2027. 

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Advancing transparency and responsible journal evaluation

, /PRNewswire/ -- Clarivate Plc (NYSE: CLVT), a leading global provider of transformative intelligence, today announced the release of the Journal Citation Reports 2026. Now in its sixth decade, Journal Citation Reports (JCR) continues to provide a publisher-neutral framework for assessing journal influence across the global research ecosystem.

The 2026 edition builds on a series of recent enhancements designed to improve consistency, transparency and inclusivity in journal-level metrics. It includes metrics for 22,643 journals across 254 categories, reflecting the breadth and diversity of scholarly publishing worldwide.

Bar Veinstein, President, Academia & Government at Clarivate, said: "As scholarly publishing continues to evolve, we remain focused on helping publishers, librarians and researchers make informed decisions with confidence. The Journal Citation Reports 2026 reflects our ongoing commitment to supporting the research community with trusted, transparent and context-rich journal intelligence.

"Our publisher-neutral approach, ongoing refinements and focus on research integrity means that JCR continues to serve as a gold-standard benchmark for the global scholarly community, over fifty years after its first publication."

New data highlights growing diversification of research

The 2026 release, reflecting 2025 data, highlights several notable trends shaping scholarly publishing:

Expansion of global participation: 521 journals received a Journal Impact Factor for the first time, from 47 countries/regions. Of these journals, 58% are based outside the United States and Western EuropeShifts in author geography: Mainland China and the United States remain the most represented countries/regions, accounting for 48% of author affiliationsGlobal South representation continues to grow. The countries/regions with the largest increases in author representation from 2023 to 2025 are Mainland China (23%) and India (12%)Global South author affiliations increased 6% from 2024 and 10% from 2023.These trends underscore the increasing globalization and diversification of research output.

Supporting responsible use of journal metrics

To support more balanced and contextual interpretation, the JCR provides a range of complementary indicators beyond the Journal Impact Factor, including field-normalized metrics such as the Journal Citation Indicator (JCI), descriptive data and category-level benchmarks. The journal-level indicators contained within the JCR are designed to support journal evaluation, not to assess the performance of individual researchers or articles.

This multidimensional approach enables publishers, librarians and researchers to interpret journal performance within the appropriate disciplinary and methodological context, supporting more informed decision-making.

A consistent and trusted foundation for the global research community

Consistency remains a defining strength of Journal Citation Reports. Stable methodology and dependable year-on-year data enable stakeholders to:

Evaluate journal performanceSupport collection and funding decisionsInterpret trends across disciplines over time. Learn more about the Journal Citation Reports 2026 release.

Notes to editors:

About Clarivate
Clarivate is a leading global provider of transformative intelligence. We offer enriched data, insights & analytics, workflow solutions and expert services in the areas of Academia & Government, Intellectual Property and Life Sciences & Healthcare. For more information, please visit www.clarivate.com

Media contact:
Amy Bourke-Waite, Senior Director External Communications
[email protected]

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SOURCE Clarivate Plc

Johnson Controls International plc (JCI) Q2 2026 Earnings Call Transcript

Johnson Controls International Plc (NYSE:JCI) on Wednesday delivered upbeat fiscal second-quarter 2026 results.

Johnson Controls International NYSE: JCI reported stronger fiscal second-quarter results and raised its full-year earnings outlook, citing sustained demand for applied HVAC systems, data center projects and improving execution across the business.

On May 18, 2026, Johnson Controls International PLC (JCI) shares fell 4.0% to a current price of $137.31. This decline is notable within the context of its 52-w

CORK, Ireland, May 22, 2026 /PRNewswire/ -- Johnson Controls International plc (NYSE: JCI), a global leader in thermal management, mission-critical building systems, energy efficiency, and decarbonization, will host its previously announced Going to Gemba Day for investors and sell-side analysts on Monday, June 1, 2026. The event will showcase Johnson Controls' strategy, innovation, and execution through site tours and discussions with management, including Chief Executive Officer Joakim Weidemanis and Chief Financial Officer Marc Vandiepenbeeck.

NEUHAUSEN, Switzerland--(BUSINESS WIRE)--Sensormatic Solutions, the leading global retail solutions portfolio of Johnson Controls (NYSE: JCI), now offers two discreet radio-frequency identification (RFID) tagging alternatives for clothing, apparel and accessory for brands and retailers seeking deep insights without compromising garments' look and feel. Its new RFID Seam Tag and RFID Brand Label—which are now available to retailers worldwide—can be sewn directly into garments without altering fi.

Johnson Controls Announces Quarterly Dividend PR Newswire CORK, Ireland, June 3, 2026

New York, June 08, 2026 (GLOBE NEWSWIRE) -- The Insight Partners, published its latest market intelligence report on the Global Smart Home Market. The study finds the market, valued at US$ 159. 92 billion in 2025, is projected to reach US$ 1,434.