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Ken Porpora departs ADT as CFO


Ken Porpora departs ADT as CFO

January 5, 2024SSN Staff

BOCA RATON, Fla. – ADT’s Ken Porpora, executive vice president and chief financial officer (CFO), has stepped down from his role to become the chief executive officer of a privately held HVAC and plumbing services provider as of the beginning of January. ADT made the announcement of Porpora’s departure in late December. For now, Jeff Likosar, president, corporate development and chief transformation officer, will serve as the interim CFO. Likosar previously served as the company’s...

ADT, HVAC, Jeff Likosar, Jim DeVries, Ken Porpora, Residential

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Johnson Controls Q1 results “Solid”, growth in service based businesses


Johnson Controls Q1 results “Solid,” growth in service-based businesses

February 1, 2023Ken Showers, Managing Editor

CORK, Ireland – Johnson Controls is off to a strong start in the initial quarter of 2023 according to its first earnings call of the year on Feb. 1. The company highlighted a strong performance in its service orders, EBIT Margin Expansion, and adjusted EPS growth. At a glance the company achieved a 9 percent increase in organic sales growth, with sales in the quarter of $6.1 billion increased 4 percent over the prior year. The company showed an EBIT of $237 million with...

2023, Earnings Call, EBIT, fire and security, HVAC, Hybrid Energy, industrial heat pump, John Oliver, Johnson Controls (JCI), Olivier Leonetti, recurring revenue, service-based businesses, supply chain

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Also Noted introduces Smart Thermostat HD

September 15, 2022SSN Staff

TYSONS, Va. – has introduced its new Smart Thermostat HD.  The company says its product is fully integrated into smart home security systems and is Energy Star certified. “This newest connected thermostat offers end users next-level comfort and control, plus the ability to monitor the health of the heating and cooling systems to optimize performance and avoid costly repairs. The Smart Thermostat HD is a top-of-the-line solution with its sleek form..., Energy Star, HVAC, smart home, smart thermostats

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Open standards lag, but access control to grow to $2.3 billion in 2013

July 10, 2013SSN Staff

AUSTIN, Texas—The drive for open standards in the access control market continues to trail a similar push in video surveillance, potentially limiting growth, but global access-control revenues are still expected to rise from $2.1 billion in 2011 to $2.3 billion by the end of 2013, according to a new report by IMS Research.IMS said that in most cases the primary benefit of open standards is not to reduce “vendor lock,” in which customers can't switch to a new supplier because they...

Blake Kozak, HVAC, IMS Research

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General News

Proprietary 'smart home' systems losing ground to open standards

March 6, 2013Rich Miller

Annual shipments of proprietary wireless technologies for home automation are expected to double by 2017, but proportionately their deployment in “smart homes” will be cut in half as service providers including ADT and AT&T drive a move toward open standards, according to a new report by IMS Research.IMS projects that shipments of proprietary wireless technologies will grow from less than 3 million nodes in 2012 to 6 million in 2017, primarily due to high-end automation suppliers maintaining...

ADT, AT&T, HVAC, IMS Research, Verizon, Z-Wave, Zigbee

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