Key Developments: Johnson Controls Inc (JCI)

JCI on New York Consolidated

48.91USD
23 Jul 2014
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Latest Key Developments (Source: Significant Developments)

Johnson Controls Inc announces quarterly dividend
Wednesday, 23 Jul 2014 10:12am EDT 

Johnson Controls Inc:Authorizes regular quarterly cash dividend of $0.22 per common share.Dividend is payable Oct. 02, 2014 to shareholders of record at the close of business on Sep. 05, 2014.  Full Article

Johnson Controls Inc gives Q4 2014 EPS outlook in line with analysts' estimates
Friday, 18 Jul 2014 07:00am EDT 

Johnson Controls Inc:Expects Q4 2014 earnings guidance from continuing operations of $1.00 - $1.02 per share.Q4 2014 EPS of $1.01 - Thomson Reuters I/B/E/S.  Full Article

Visteon completes acquisition of electronics business of Johnson Controls
Tuesday, 1 Jul 2014 09:24am EDT 

Visteon Corp:Completed the acquisition of the automotive electronics business of Johnson Controls.Says the two companies announced plans for the $265 million cash transaction on Jan. 13.Advising Visteon on the transaction were Rothschild Inc. and Skadden, Arps, Slate, Meagher & Flom LLP.  Full Article

Johnson Controls Inc completes purchase of Air Distribution Technologies
Monday, 16 Jun 2014 03:39pm EDT 

Johnson Controls Inc:Says acquisition of Air Distribution Technologies for $1.6 bln is complete.Johnson Controls, announced in April its intention to acquire Air Distribution Technologies, one of independent providers of air distribution and ventilation products in North America.  Full Article

Johnson Controls Inc announces completion of debt offering
Friday, 13 Jun 2014 12:34pm EDT 

Johnson Controls Inc:Completes previously announced public offering of $1.7 bln aggregate principal amount of fixed rate senior notes.$300 mln of senior notes that mature in 2017 and bear interest at a rate of 1.400 pct.$500 mln of senior notes that mature in 2024 and bear interest at a rate of 3.625 pct.$450 mln of senior notes that mature in 2044 and bear interest at a rate of 4.625 pct.$450 mln of senior notes that mature in 2064 and bear interest at a rate of 4.950 pct.Company received approximately $1.68 bln of net proceeds from the offering after deducting underwriting discounts and commissions and other expenses of the offering.Company intends to use net proceeds from the offering to finance the Company's previously announced acquisition of Air Distribution Technologies and for general corporate purposes.Goldman, Sachs & Co., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Barclays Capital Inc., Citigroup Global Markets Inc. and Wells Fargo Securities, LLC are serving as joint book-running managers for the offering.  Full Article

Johnson Controls Inc prices $1.7 billion senior notes offering
Tuesday, 10 Jun 2014 05:35pm EDT 

Johnson Controls Inc:Priced a public offering of $1.7 bln aggregate principal amount of fixed rate senior notes.$300 mln of senior notes that mature in 2017 and bear interest at a rate of 1.400 pct.$500 mln of senior notes that mature in 2024 and bear interest at a rate of 3.625 pct.$450 mln of senior notes that mature in 2044 and bear interest at a rate of 4.625 pct.$450 mln of senior notes that mature in 2064 and bear interest at a rate of 4.950 pct.Company expects that it will receive approximately $1.68 mln of net proceeds from the offering after deducting underwriting discounts and commissions and expenses of the offering.Intends to use th net proceeds from the offering to finance the Company's previously announced acquisition of Air Distribution Technologies and for general corporate purposes.Goldman, Sachs & Co., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Barclays Capital Inc., Citigroup Global Markets Inc. and Wells Fargo Securities, LLC are serving as joint book-running managers for the offering.  Full Article

Johnson Controls Inc announces quarterly dividend
Wednesday, 21 May 2014 01:45pm EDT 

Johnson Controls Inc:Authorizes regular quarterly cash dividend of $0.22 per common share.Payable July 2, 2014 to shareholders of record at the close of business on June 6, 2014.  Full Article

Johnson Controls and HUAYU Automotive Systems Co Ltd's Yanfeng Automotive Trim Systems Co., Ltd. form global joint venture for automotive interiors
Sunday, 18 May 2014 09:00am EDT 

Johnson Controls Inc and Huayu Automotive Systems Co Ltd's Yanfeng Automotive Trim Systems Co Ltd:Signs definitive agreement to form global automotive interiors joint venture.Agreement is non cash transaction comprised of asset contributions by two parties that will create an automotive interiors company.Yanfeng will hold the majority 70 pct. share in the joint venture, and Johnson Controls will have 30 pct. share.New company will be headquartered in Shanghai with global engineering, development and customer centers in the United States, Europe, China, Japan and India.Product portfolio will include instrument panels and cockpit systems, door panels and floor consoles.  Full Article

Johnson Controls Inc teams up with Adidas Group and other partners to develop speedfactory for automated sewing
Thursday, 8 May 2014 07:30am EDT 

Johnson Controls Inc:Working with leading sportswear manufacturer adidas Group and other partners to redefine way textiles are manufactured.Partners want to increase automation in production of textiles.In doing so, Johnson Controls as leading manufacturer of vehicle seats and seating components, intends to optimize seating trim cover production.  Full Article

Johnson Controls Inc lowers FY 2014 EPS guidance and gives Q3 2014 EPS guidance below analysts' estimates
Wednesday, 23 Apr 2014 07:00am EDT 

Johnson Controls Inc:Says that updated FY 2014 guidance for earnings from continuing operations is now $3.10 to $3.15 per share.Expects Q3 2014 earnings guidance from continuing operations of $0.81 to $0.84 per share (EPS).FY 2014 EPS of $3.24 and Q3 2014 EPS of $0.86 - Thomson Reuters I/B/E/S.  Full Article

Johnson Controls revenue rises on higher demand from China

- U.S. auto parts maker Johnson Controls Inc reported a 3 percent rise in quarterly revenue, as demand rose for its car seats, and the company said it expected its cooling and heating systems business to return to growth in the current quarter.

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