Johnson Controls International plc is a global leader in smart, healthy, and sustainable buildings. The company provides products, services, systems, and solutions that advance safety, comfort, and intelligence of spaces. It serves a wide range of customers in over 150 countries. The company's core business model revolves around engineering, manufacturing, commissioning, and retrofitting building products and systems. Key revenue streams include residential and commercial HVAC equipment, industrial refrigeration systems, controls, security systems, fire-detection systems, and fire-suppression solutions. Johnson Controls also provides technical services, energy-management consulting, and data-driven 'smart building' solutions. The company leverages its OpenBlue digital software platform to integrate its offerings. The company is focused on maintaining leading positions in delivering commercial building products, systems and solutions through its direct and indirect channels, as well as enabling growth through digital. It aims to offer differentiated services and solutions over the building lifecycle and generate recurring revenue.

The company faces competition from various local, regional, national, and international providers in the HVAC equipment, security, fire-detection, fire suppression, and controls markets. It also competes in the fragmented building services market and in the areas of digital services, software as a service and the Internet of Things.

• Employees: 94,000 (as of September 30, 2024)
• Geographic Footprint: More than 150 countries
• Headquarters: Cork, Ireland
• Founded: 1885 as Johnson Electric Service Company
• Number of locations/facilities: Properties in over 60 countries
• Revenue: $22.95 billion (FY2024)
• Key Subsidiaries/Brands: YORK®, Metasys®, Ansul, Frick®, FM:Systems®, PENN®, Sabroe®, Silent-Aire®, Simplex® and Grinnell®

• CEO: George R. Oliver
• CFO: Marc Vandiepenbeeck
• Other Key Executives: Julie Brandt (President, Building Solutions, North America), John Donofrio (Executive Vice President and General Counsel), Richard Lek (President, Building Solutions, Europe, Middle East, Africa and Latin America), Nathan Manning (Vice President and Chief Operations Officer, Global Field Operations), Lei Zhang Schlitz (Vice President and President, Global Products), Marlon Sullivan (Executive Vice President and Chief Human Resources Officer)

George R. Oliver has served as CEO and Chairman since September 2017. He previously served as President and Chief Operating Officer. Marc Vandiepenbeeck has served as CFO since January 2024. Other executives have varying tenures in their current roles.

• Annual Revenue: $22.95 billion (FY2024)
• Net Income: $1.9 billion (FY2024)
• Total Assets: $42.7 billion (as of September 30, 2024)
• Employees: 94,000 (as of September 30, 2024)
• Key Financial Highlights: Net sales increased by 3% year-over-year, primarily due to higher organic sales. The company experienced improved margins as supply chain disruptions eased and higher priced backlog was converted to sales.

The company sells and installs commercial HVAC equipment and systems, control systems, security systems, fire-detection and fire suppression systems, equipment and services. Key offerings include:

• HVAC Systems: Commercial HVAC equipment and systems, including residential and commercial units.
• Controls: Control systems and building management systems.
• Security: Integrated electronic security systems.
• Fire Protection: Fire-detection and fire-suppression systems.
• Services: Maintenance, management, repair, retrofit, and energy-management consulting.
• Digital Solutions: OpenBlue digital software platform and related services.

The company operates through four main business segments:

• Building Solutions North America: Operates in the United States and Canada, accounting for $11.348 billion in revenue in FY2024.
• Building Solutions EMEA/LA: Operates in Europe, the Middle East, Africa, and Latin America, accounting for $4.296 billion in revenue in FY2024.
• Building Solutions Asia Pacific: Operates in Asia Pacific, accounting for $2.237 billion in revenue in FY2024.
• Global Products: Operates worldwide, accounting for $5.071 billion in revenue in FY2024.

During the fourth quarter of fiscal 2024, the Company completed the sale of its Air Distribution Technologies business and entered into a definitive agreement to sell its Residential and Light Commercial HVAC business, which is expected to be completed in the fourth quarter of fiscal 2025.

The company's business strategy is focused on sustaining and expanding its position as a leader in commercial building technology and solutions. Key strategic priorities include:

• Capitalizing on Key Growth Vectors: Leveraging opportunities in data centers, sustainable buildings, healthy buildings/indoor environmental quality, and smart buildings.
• Bringing Value Across the Building Lifecycle: Providing integrated system and service solutions to maximize opportunities around the lifecycle of a building.
• Accelerating in High Growth Digital Services, Regions and Verticals: Transforming the service business through digital technology and expanding in high growth regions and verticals.
• Sustaining a High-Performance, Customer-Centric Culture: Developing talent and creating positive customer experiences.

The company is augmenting its strategic priorities with disciplined execution, productivity enhancements, and sustainable cost management. The company is focused on creating growth platforms, driving operational improvements and creating a high-performance, customer-centric culture.

Johnson Controls operates in the commercial building technology and solutions industry. Key market trends include:

• Market Position: A global leader in smart, healthy, and sustainable buildings.
• Key Competitors: Honeywell International, Inc.; Siemens Smart Infrastructure; Schneider Electric SA; Carrier Global Corporation; Trane Technologies plc; Daikin Industries, Ltd.; Lennox International, Inc.; GC Midea Holding Co, Ltd. and Gree Electric Appliances, Inc.
• Industry Trends: Increasing demand for energy-efficient and sustainable building solutions, growth in digital services and software as a service, and the adoption of technologies such as artificial intelligence and machine learning in building management.

• Market Risks: Ability to develop or acquire new products, services, and technologies that achieve market acceptance; competition from other companies; changes in customer preferences and product failures.
• Operational Risks: Failure to increase organizational effectiveness; inability to attract and retain qualified personnel; failure to achieve and maintain a high level of product and service quality; reliance on global direct installation channel.
• Financial Risks: Supply chain disruptions and material cost increases; volatility in commodity prices; global climate change and related regulations; inability of suppliers to deliver raw materials, parts and components; material disruption of operations due to catastrophic or geopolitical events.
• Regulatory Risks: Changes in laws and regulations; requirements relating to environmental and safety regulations; violations of the U.S. Foreign Corrupt Practices Act, the U.K. Bribery Act and similar anti-bribery laws.
• Cybersecurity Risks: Cybersecurity incidents impacting IT systems and digital products.