Tag: George Oliver
Johnson Controls' strong Q2 performance punctuated with a dedication to sustainability
May 8, 2023Ken Showers, Managing Editor
CORK, Ireland – Johnson Controls builds on its solid Q1 performance and finishes the second fiscal quarter 2023 with numbers exceeding guidance.
At a glance the highlights show Johnson Controls with Q2 reported sales of +10% versus the prior year; +13% organically. A Q2 GAAP EPS of $0.19; Adjusted EPS of $0.75, up 19% versus prior year. Their Q2 orders are +8% organically year-over-year, and a record backlog of $11.7 billion, increased 9% organically year-over-year. CEO George...
Johnson Controls named to Fortune's 2022 Change the World list
October 10, 2022SSN Staff
CORK, Ireland—Johnson Controls, a global provider of smart, healthy and sustainable buildings, announced it has been named to the 2022 Fortune Change the World list, for its OpenBlue solutions and OpenBlue Net Zero Buildings as a Service offering.
Fortune's Change the World list recognizes companies that use creative tools to address society's unmet needs and is evaluated based on measurable social impact, business results and degree of innovation.
OpenBlue is digitally...
Tyco to Participate in International Women's Day Forum
March 7, 2016SSN Staff
CORK, Ireland—Tyco today announced that it will present at the sixth annual International Women's Day Forum being hosted by the U.S. Chamber of Commerce and the United Nations Office for Partnerships in New York on March 7 and 8. The event will convene public and private sector leaders to explore inclusive solutions that create opportunities for women and girls around the world.
Cynthia Ritter, Tyco's VP, finance, and chairperson of the company's global Women's Growth Network, will participate...
Tyco closes ShopperTrak acquisition
January 27, 2016Martha Entwistle
CORK, Ireland—Tyco on Jan. 26 announced that it has completed the $175 million cash acquisition of ShopperTrak, a Chicago-based global provider of analytics for the retail industry.Tyco announced its intention to acquire ShopperTrak, which currently generates $75 million in annual revenues, in December.ShopperTrak's solutions include perimeter traffic counting, in-store consumer behavior analytics and industry benchmarking.Tyco plans to combine ShopperTrak capabilities with its existing loss...
Tyco IS takes 'disciplined approach' to making margin
May 1, 2013Martha Entwistle
BOCA RATON, Fla.—Taking a page out of SimplexGrinnell's playbook, Tyco Integrated Security is following a structured approach to making margin on its commercial security jobs, according to Tyco executives and analysts who cover the company.Brett Ludwig, Tyco's director, external communications, and Joseph Longo, Tyco's director, investor relations, told Security Systems News that the company has instituted incentives for its sales force to go after high-margin business with recurring service...
ADT Commercial Security is now Tyco Integrated Security
March 27, 2012Martha Entwistle
BOCA RATON, Fla.—Tyco is making progress in its planned split into three independent publicly traded companies. Tomorrow, March 28, the first day of ISC West, the company will announce that it is rebranding ADT's North American commercial security business as “Tyco Integrated Security.”After the split, the three independent companies will be: Flow Control; ADT Residential; and the commercial fire and security business, which will be known as Tyco International, said Jay Hauhn, ADT...
Tyco's Breen talks about new entrants, PULSE, ADT spin-off
January 31, 2012Martha Entwistle
There were some interesting tidbits on today's Tyco earnings call—about earnings of course, but also about new cable/telco entrants into the security industry, stats on ADT's PULSE offering, and a progress report on the conglomerate's split into three, separate, publicly traded companies.
On the new entrants: In response to a question about how/if new cable/telco entrants into the security industry is affecting ADT, Tyco CEO Ed Breen said: “We track every market we're...
Tyco post-split Part I: Dealer news; New Fire & Security group to save $
November 2, 2011Martha Entwistle
Will ADT grow its dealer or internal sales groups post split? How will Tyco save $400 million to $500 million mostly from the new Commercial Fire and Security division?
I found some interesting details on those questions when I finally had a chance—on a recent long plane ride—to review the Tyco International Conference Call. The call took place on the day that Tyco announced its plan to split into three publicly traded companies.
On that day, most of the industry, including yours...
Tyco to split in three, again
September 19, 2011Martha Entwistle
SCHAFFHAUSEN, Switzerland—Tyco International plans to split into three independent, publicly traded companies, according to a plan unanimously approved by the board of directors and announced this morning.
The new companies will be:� ADT North America residential security business; Tyco Fire and Security; and, Flow Control.
This is the latest in a series of spin offs and splits of the Tyco conglomerate that was assembled by former Tyco CEO, Dennis Koslowski, in the 1990s.� Current...