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Johnson Controls International plc 8-K Report, Regulation FD Disclosure (Mar 7, 2019)

Reports
Regulation FD·Exhibits & Filings
Filing Date
Filed March 7, 2019
Period End
March 7, 2019
Security
JCI
In the record · 2016–202610-K1010-Q338-K158

JCI filed 10 annual reports (10-K), 33 quarterly reports (10-Q) and 158 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Dec ’17Dec ’17
  2. Material agreement8-K · Sep ’20Sep ’20
  3. Leadership change8-K · Dec ’22Dec ’22
  4. Leadership change8-K · Sep ’26Sep ’26

01—Abstract

Summary

Summary of the 8-K filed March 7, 2019. Cited figures are marked; the original filing is the authoritative source.

Johnson Controls International plc (JCI) announced on March 7, 2019, a significant development for its shareholders: the approval of an additional $8.5 billiona share repurchase authorization.

This substantial buyback program is contingent upon the successful completion of the previously announced sale of the company's Power Solutions business. This action signals the company's commitment to returning capital to shareholders, likely anticipating the proceeds from the divestiture.

Investors should monitor the progress of the Power Solutions sale, as it directly precedes the activation of this new share repurchase initiative. The scale of the authorization suggests a potentially material impact on JCI's outstanding share count and future earnings per share.

02—Key points

Key Highlights

  1. JCI's board of directors has approved an additional $8.5 billion share repurchase authorization.
  2. The share repurchase program is contingent on the completion of the Power Solutions business sale.
  3. This announcement indicates a strategy to return capital to shareholders.
  4. The approved amount represents a significant potential reduction in outstanding shares.
  5. Investors should track the timeline and completion of the Power Solutions divestiture.
  6. The filing incorporates by reference a press release dated March 7, 2019.

03—Questions

Frequently Asked Questions

  1. What is the main takeaway from this 8-K filing?

    The main takeaway is that Johnson Controls International plc has approved an $8.5 billion share repurchase program, which will be executed after the sale of its Power Solutions business is completed.

  2. When will the share repurchase program begin?

    The share repurchase program is not immediate. It is subject to and will commence upon the completion of the previously announced sale of JCI's Power Solutions business.

  3. What is the significance of the Power Solutions business sale?

    The sale of the Power Solutions business is crucial because it is the trigger event for the $8.5 billion share repurchase authorization. The proceeds from this sale are expected to fund the buyback.

  4. How will this share repurchase affect my investment in JCI?

    A large share repurchase can potentially increase the earnings per share (EPS) by reducing the number of outstanding shares. It also signals management's confidence in the company's future and its commitment to shareholder returns.

04—Continue

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