JCI announced USD 9 billion increase to share repurchase program

CORK, Ireland, 13 June 2025: Johnson Controls International (JCI) announced through a Press Release that the board of directors has approved a USD 9 billion share repurchase authorisation, adding to the USD 1.1 billion remaining as of the end of the second fiscal quarter under the share repurchase authorisation previously approved in 2021.

JCI said in implementing share repurchases, the company may purchase shares in the open market or through a variety of methods as permitted by applicable securities laws and other legal requirements, including through the use of a Rule 10b5-1 plan, a tender offer or an accelerated share repurchase program or any combination of the foregoing. There exists no obligation under the share repurchase authorisation to repurchase any particular amount of shares within any timeframe, and the manner, timing and amount of any purchase will be determined subject to an evaluation of the price of Johnson Controls’ shares, general market conditions and other factors, the company said.

JCI said their authorisation to repurchase shares does not have a set expiration date and may be amended, suspended or terminated at any time at the company’s discretion without prior notice. The company said, JCI currently expects to effect repurchases as redemptions pursuant to Article 3(d) of its Articles of Association.