johnson controls inc (JCI) Key Developments
Johnson Controls Launches Containerized GTIAC Mechanical Based Solution
Apr 30 15
Johnson Controls Inc. has launched YCP-2020, a containerized gas turbine inlet air cooling, or GTIAC, mechanical based solution. This new product offering expands the current portfolio of GTIAC solutions. The 8,000 kWth rated YCP-2020 is a containerized system comprising YORK chillers, chilled and condenser water pumps, electrical starters and proprietary Metasys control system. Its compact, modular design minimizes site space requirements, allows flexibility in layout configuration, as well as reduces shipping and logistics costs. This addresses critical challenges for existing and new build power plants. The installed gas turbine power plant capacity is forecast to grow at an average Compound Annual Growth Rate of 7.5% across Asia. GTIAC solutions can enhance power output by up to 30% and efficiency by up to 4%. Mechanical based GTIAC solutions are more dependable than wet evaporative or fogging based ones. Fogging based approach has limited effectiveness in higher humidity conditions and cannot maintain fixed inlet temperature. These systems also require a continuous supply of demineralized water and care is needed to avoid corrosion. YCP-2020 will be manufactured, assembled and tested at one of Johnson Controls' manufacturing facilities located at Wuxi in China. The Wuxi facility operates to the company's stringent global manufacturing and supply chain quality standards, with a manufacturing capacity of 6,000 chillers per year.
Johnson Controls Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended March 31, 2015; Updates Earnings Guidance for the Full Year of 2015; Provides Earnings Guidance for the Third Quarter of 2015
Apr 23 15
Johnson Controls Inc. announced unaudited consolidated earnings results for the second quarter and six months ended March 31, 2015. For the quarter, the company reported net sales of $9,198 million against $9,467 million a year ago. Income from continuing operations before income taxes was $611 million against $537 million a year ago. Net income from continuing operations was $479 million or $0.68 per diluted share against $436 million or $0.61 per diluted share a year ago. Net income attributable to company was $529 million or $0.80 per diluted share against $261 million or $0.39 per diluted share a year ago. Cash provided by operating activities was $360 million against $730 million a year ago. Capital expenditures were $294 million against $257 million a year ago.
For the six months, the company reported net sales of $18,822 million against $18,964 million a year ago. Income from continuing operations before income taxes was $1,246 million against $1,103 million a year ago. Net income from continuing operations was $996 million or $1.40 per diluted share against $899 million or $1.25 per diluted share a year ago. Net income attributable to company was $1,036 million or $1.56 per diluted share against $730 million or $1.08 per diluted share a year ago. Cash provided by operating activities was $200 million against $449 million a year ago. Capital expenditures were $556 million against $602 million a year ago.
The company updated earnings guidance for the full year of 2015. In December 2014, the Company provided full year earnings guidance of $3.55 - $3.70 per diluted share including the GWS contribution of approximately $0.20. With GWS reported as a discontinued operation, the Company is
updating its full-year guidance from continuing operations to $3.30 to $3.45 per diluted share for fiscal 2015, a year-over-year increase of 10 to 15 percent. The updated guidance assumes current foreign exchange rates with the negative currency impact substantially offset by lower commodity prices and improved operating efficiencies. The Company also reaffirmed its full fiscal year guidance for segment margin improvements in all three of its businesses.
For the third quarter of 2015, the Company provided earnings guidance from continuing operations of $0.90 to $0.92 per share, up 14% to 16%.
Johnson Controls Introduces York LX Series Packaged Units
Apr 23 15
Johnson Controls introduced York LX Series Packaged Units, new standard in residential and commercial heating and cooling. York LX Series packaged units by Johnson Controls set a higher standard to heat and cool residential and light commercial buildings, featuring a contractor-friendly design, easy installation and service, reliable technology and an advanced manufacturing process. The units are 29% more efficient, earning a 14 Seasonal Energy Efficiency Ratio (SEER) rating and exceeding U.S. Department of Energy efficiency standards. Available in cooling with gas heat configuration, 2 ton to 5 ton capacity York LX Series heats and cools residential and light commercial buildings. Single-cabinet design, featuring exact-fit gas/electric hookups, facilitates installation and service. With 14 Seasonal Energy Efficiency Ratio rating, packaged units exceed US Department of Energy efficiency standards and feature corrosion-resistant copper tube/aluminum fin condenser coils, single-stage compressor, and single-stage gas heat. 14 SEER units feature higher efficiency, weather and corrosion resistance, and contractor-friendly design. The York LX Series packaged unit features: Optimized heating and cooling solution for residential and light commercial buildings. Single-cabinet design versus previous three-cabinet model. Exact-fit gas/electric hookups and compact cabinet to fit most roof frames or slabs. Tested copper tube/aluminum fin condenser coils that combine an outstanding heat transfer rate with long-term reliability and corrosion resistance. Front and top access to the compressor, refrigeration controls and blower to enhance serviceability, as well as top access to the condenser fan and motor and side access to the compressor, coil, heat exchanger and filters. Slide-out evaporator coil for easier cleaning. Easier setup and operation with simplified control technology, including LED status lights to assist contractors. Tubular stainless steel gas heat exchanger with a lifetime limited warranty as standard. Stronger, easily removable base rails (use just two screws per corner) that improve installation. Single-stage compressor and single-stage gas heat. Extensive laboratory testing simulates more than 20 years of operational performance to verify component performance during weather events, humidity levels, under/over voltage and temperatures down to -10 degrees Fahrenheit. In addition, the cabinet’s 1,000-hour salt spray rating ensures an exterior finish with a superior appearance and outstanding corrosion protection. The 2 ton to 5 ton capacity units are currently available in cooling with gas heat configuration. Additional configurations, including cooling with electric heat, heat pumps with electric heat and heat pumps with gas heat, will be phased in over 2015.
Johnson Controls Inc., Q2 2015 Earnings Call, Apr 23, 2015
Apr 15 15
Johnson Controls Inc., Q2 2015 Earnings Call, Apr 23, 2015
Johnson Controls to Showcase New Battery at the Shanghai Motor Show
Apr 15 15
Johnson Controls Inc. is to showcase two vehicle interiors concepts at the Shanghai Motor Show (22-29 April). The 2015 Automotive Seating Demonstrator 'SD15' and the Automotive Interiors Demonstrator 'ID15' will include features that can be used in autonomous vehicles, as well as provide enhanced comfort and personalized options. The company will also display a new 12-volt lithium-ion battery for advanced stop-start vehicles.