US EditionJohnson Controls Announces $9 Billion Increase to Share Repurchase Program
- Johnson Controls International plc has approved a $9 billion share repurchase authorization, increasing from the $1.1 billion remaining from 2021's program.
- The company may purchase shares in various ways, including through the open market or a Rule 10b5-1 plan.
- Johnson Controls has no obligation to repurchase any specific amount of shares within any timeframe.
- The repurchase authorization does not have a set expiration date and can be amended or terminated at Johnson Controls' discretion.
54 Articles
54 Articles
Johnson Controls International (NYSE:JCI) Board of Directors Initiates Share Repurchase Plan
Johnson Controls International (NYSE:JCI - Get Free Report) announced that its board has approved a share buyback plan on Friday, June 13th, RTT News reports. The company plans to buyback $9.00 billion in shares. This buyback authorization permits the company to reacquire up to 13.4% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's leadership believes its stock is undervalued.
Johnson City Press
Johnson Controls Announces $9 Billion Increase to Share Repurchase Program
CORK, Ireland, June 13, 2025 /PRNewswire/ -- The board of directors of Johnson Controls International plc (NYSE: JCI), the global leader in smart, healthy and sustainable buildings, has approved a $9 billion share repurchase authorization, adding to the $1.1 billion…
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