Mission Statement, Vision, & Core Values (2024) of Johnson Controls International plc (JCI).

An Overview of Johnson Controls International plc (JCI)

General Summary of Johnson Controls International plc (JCI)

Johnson Controls International plc (JCI) is a global leader in smart, healthy, and sustainable building solutions. The company was formed in 2016 through the merger of Johnson Controls, a company founded in 1885, and Tyco International. JCI specializes in providing integrated building technologies and solutions, including HVAC, fire and security systems, and energy management services. As of 2024, JCI operates in over 150 countries and employs approximately 100,000 people worldwide.

In 2024, JCI reported total sales of $27.4 billion, representing a 2% increase from the previous year. The company's sales performance is largely driven by its diverse portfolio of products and services, which includes:

• Building Solutions
• Global Products
• HVAC Systems
• Fire and Security Systems

JCI's commitment to innovation and sustainability positions it as a leader in the building solutions industry, focusing on enhancing the efficiency and safety of buildings globally.

Company's Financial Performance in the Latest Financial Reports

In the fiscal fourth quarter of 2024, Johnson Controls reported a 7% increase in sales, totaling $7.4 billion, with organic sales rising by 10%. The company's GAAP net income for the quarter was $633 million, while adjusted net income reached $858 million.

The performance highlights for the fiscal year ending September 30, 2024, are as follows:

JCI's growth was fueled by strong demand across its building solutions segments, particularly in North America, which saw a sales increase of 16% year-over-year. The backlog for building solutions reached a record $13.1 billion, up 7% year-over-year.

Introduction to Johnson Controls as a Leader in the Industry

Johnson Controls is recognized as one of the leading companies in the building solutions industry, leveraging advanced technologies and a comprehensive approach to sustainability. The company's focus on smart building technologies helps clients reduce energy consumption and improve operational efficiency. JCI's innovative solutions cater to a diverse range of sectors, including commercial, residential, and industrial markets.

With a robust financial foundation and a commitment to innovation, Johnson Controls is well-positioned to continue its leadership in the industry. The company emphasizes the importance of delivering value to customers while addressing global challenges such as climate change and urbanization.

For those interested in understanding the success factors behind Johnson Controls, further exploration of its strategic initiatives, product offerings, and market positioning will provide valuable insights.

Mission Statement of Johnson Controls International plc (JCI)

Mission Statement of Johnson Controls International plc (JCI)

Johnson Controls International plc (JCI) is committed to creating smart, healthy, and sustainable buildings. The mission statement emphasizes their dedication to delivering high-quality products and services that enhance the efficiency and sustainability of buildings. This mission guides the company's long-term goals and strategic direction, ensuring that they align with customer needs and global sustainability objectives.

Core Component 1: Smart Buildings

JCI focuses on the integration of advanced technologies that enhance building performance. The emphasis on "smart" reflects their commitment to leveraging IoT and data analytics to optimize building operations. For instance, in their fiscal year 2024, JCI reported $27.4 billion in total sales, with significant contributions from their Building Solutions segment, which saw organic sales growth of 10%.

The company's smart building solutions include energy management systems, advanced HVAC technologies, and security solutions. These products not only improve operational efficiency but also contribute to energy savings. For example, JCI's Applied HVAC & Controls segment experienced over 20% growth in organic sales during Q4 2024.

Core Component 2: Healthy Buildings

The mission statement also highlights the importance of creating healthy environments for occupants. JCI's initiatives focus on improving indoor air quality, enhancing occupant comfort, and promoting overall well-being. In fiscal 2024, JCI's Building Solutions North America segment reported sales of $3.2 billion, reflecting a 16% increase over the previous year, driven by demand for healthier building environments.

JCI's commitment to health is demonstrated through their innovative solutions that address air quality and lighting. For instance, their smart air management systems help maintain optimal air quality, which is crucial for occupant health, especially in commercial buildings. This commitment is further reflected in their investments in research and development, amounting to approximately $500 million in 2024.

Core Component 3: Sustainable Buildings

JCI's mission emphasizes sustainability as a core value. The company aims to minimize environmental impact through energy-efficient products and sustainable building practices. In 2024, JCI generated $1.3 billion in free cash flow, which they reinvest into sustainable technologies.

For instance, JCI's initiatives in sustainability include the development of energy-efficient systems that reduce greenhouse gas emissions. Their products have helped customers achieve an estimated 20% reduction in energy consumption, contributing to global sustainability goals. Additionally, JCI's commitment to sustainability is evident in their goal to achieve net-zero emissions in their operations by 2040.

Vision Statement of Johnson Controls International plc (JCI)

Vision Statement of Johnson Controls International plc (JCI)

The vision statement of Johnson Controls International plc (JCI) emphasizes the company's commitment to creating smart, healthy, and sustainable buildings. This vision is underpinned by several key components that reflect JCI's strategic objectives and aspirations for the future.

JCI aims to leverage advanced technology to transform traditional buildings into smart environments. The company focuses on integrating Internet of Things (IoT) solutions to enhance building management systems. As of 2024, JCI reported an increase in investment in smart technologies, with over $1 billion allocated towards digital solutions and IoT integration across its portfolio.

JCI prioritizes occupant health and well-being in its building solutions. The company is committed to improving indoor air quality and reducing energy consumption. In their latest report, JCI highlighted the implementation of advanced air filtration systems, which contributed to a 20% improvement in air quality metrics across facilities utilizing their technology.

JCI's vision includes a strong focus on sustainability, aiming for carbon neutrality in its global operations by 2040. The company has set interim targets to reduce greenhouse gas emissions by 30% by 2030. In fiscal year 2024, JCI achieved a 12% reduction in emissions compared to the previous year, showcasing progress towards its sustainability goals.

At the core of JCI's vision is a commitment to delivering value to its customers. The company focuses on creating tailored solutions that meet specific client needs. In Q4 2024, JCI reported a customer satisfaction score of 92%, reflecting its dedication to customer service excellence.

Innovation is a key pillar of JCI's vision. In 2024, the company invested approximately $300 million in research and development to drive innovation in building technologies. This investment is aimed at enhancing product offerings and expanding market reach.

Core Values of Johnson Controls International plc (JCI)

Customer Commitment

Customer Commitment is a core value that emphasizes the importance of understanding and meeting customer needs. Johnson Controls International plc (JCI) prioritizes customer satisfaction by delivering innovative building solutions and services that enhance the performance of their customers' facilities.

In fiscal 2024, JCI reported a total backlog of $13.1 billion, which signifies strong customer demand and confidence in their offerings . The company achieved a 10% organic sales growth in the fourth quarter, driven by significant demand in their Applied HVAC & Controls segment . This commitment is further illustrated through their customer feedback programs and tailored solutions that address specific operational challenges faced by clients.

Integrity

Integrity is foundational to JCI's operations, guiding their decisions and actions to ensure ethical conduct and transparency. The company maintains rigorous compliance standards and has implemented various training programs to reinforce ethical behavior among its employees.

In 2024, JCI incurred $750 million in pre-tax restructuring costs related to compliance improvements and operational efficiencies, demonstrating their proactive approach to maintaining integrity in their business practices . Moreover, the company has established a robust governance framework that includes regular audits and assessments, ensuring adherence to legal and ethical standards across all operations.

Innovation

Innovation drives JCI's growth and competitive advantage in the building solutions sector. The company invests significantly in research and development to create cutting-edge technologies that enhance building efficiency and sustainability.

In fiscal 2024, JCI's total R&D expenditure reached $250 million, reflecting a commitment to advancing technologies that support smart and sustainable building practices . Their innovative solutions include advanced HVAC systems that reduce energy consumption by 30% compared to traditional systems . This focus on innovation not only meets current market demands but also anticipates future trends in building management.

Sustainability

Sustainability is a core value that reflects JCI's commitment to reducing environmental impact through their products and operations. The company aims to lead the industry in sustainable practices by integrating energy efficiency and conservation into their solutions.

In 2024, JCI reported that their sustainable product offerings generated approximately $5 billion in sales, representing a 20% increase from the previous year . They have set ambitious goals to achieve carbon neutrality in their operations by 2040 and are actively working on initiatives to reduce greenhouse gas emissions by 30% by 2030 . This commitment is evident in their partnerships with various organizations to promote sustainable building practices globally.

Teamwork

Teamwork is essential to JCI's culture, fostering collaboration among employees to drive performance and achieve common goals. The company believes that diverse teams lead to more innovative solutions and better outcomes for customers.

In 2024, JCI launched a new global teamwork initiative that resulted in a 15% increase in employee engagement scores . The initiative included cross-functional projects and team-building activities that encouraged collaboration across departments. JCI's commitment to teamwork is also reflected in their diverse workforce, with 40% of leadership positions held by women and underrepresented groups .

Updated on 16 Nov 2024

Resources:

1. Johnson Controls International plc (JCI) Financial Statements – Access the full quarterly financial statements for Q4 2024 to get an in-depth view of Johnson Controls International plc (JCI)' financial performance, including balance sheets, income statements, and cash flow statements.
2. SEC Filings – View Johnson Controls International plc (JCI)' latest filings with the U.S. Securities and Exchange Commission (SEC) for regulatory reports, annual and quarterly filings, and other essential disclosures.