Latest news with #JohnsonControls
CNBC
a day ago
- Business
- CNBC
These stocks are overbought after a strong May for Wall Street and could be due for a pullback
A few stocks, including a handful of semiconductor giants, could take a hit after riding the market's rebound in May. The market closed out a big winning month with the S & P 500 climbed more than 6%, its largest monthly advance since late 2023 and leaving the benchmark little changed on the year. The Nasdaq Composite surged 9.6% this month, while the 30-stock Dow rose nearly 4%. Much of the gain was powered by a softening in the trade war after the U.S. and China agreed to temporarily step back from the brink and a trade deal between the U.S. and UK sparked hopes more deals could be in the offing. Heading into June, sentiment remains uneasy as investors are buffetted by daily tariff-related headlines and await news of any progress in trade relations between the U.S. and China, the world's two largest economies. CNBC looked for the most overbought and oversold stocks on Wall Street by weighing their 14-day relative strength index, or RSI, a momentum indicator, using data from LSEG. An RSI above 70 suggests a stock could be overbought and could be due for a near-term decline, while an RSI below 30 suggests a stock could be oversold and see a short-term rebound. Johnson Controls was the most overbought name this week, with an RSI of 86.9. The company, which manufactures and installs commercial HVAC systems, soared 20.8% this month and is higher by more than 28% year to date. Johnson Controls in early May reported fiscal second-quarter earnings and revenue above analysts' estimates, according to FactSet. Deutsche Bank upgraded the stock to buy in a May 11 note to clients, citing "significant operational improvement opportunities" at Johnson Controls since a new chief executive officer took over in March. Semiconductor company Broadcom , which popped 26% in May, also turned up as overbought with an RSI of 79.3. The rally in Broadcom comes ahead of the company's second-quarter earnings expected on June 11. Analysts polled by LSEG have a consensus price target about 1% below where it's trading, suggesting its valuation is running too high. Broadcom — known for its custom Application-Specific Integrated Circuit chips — is among several technology names that have rebounded in the recent market comeback. Other stocks that look overbought include GE Aerospace and Intuit , both of which also made the overbought segment last week . Shares of GE Aerospace and Intuit jumped 22% and 20% in May, respectively. UnitedHealth continues its recent run of appearing deeply oversold with a current RSI of about 20. The stock tumbled another 26.6% this month after sliding 21.4% in April. Cooper Companies and Copart were also oversold, with RSI's of 24.5 and 20.9, respectively. Shares of Cooper Companies, a medical devices and contact lens maker, were down 16.4% this month, bringing this year's loss close to 26%. Shares retreated after Cooper lowered its full-year organic growth forecast, even as second-quarter revenue and profit beat expectations.
Yahoo
4 days ago
- Business
- Yahoo
Elanco Appoints Robert (Bob) VanHimbergen as Chief Financial Officer
GREENFIELD, Ind., May 28, 2025 /PRNewswire/ -- Elanco Animal Health Incorporated (NYSE: ELAN) today announced the appointment of Robert VanHimbergen as Executive Vice President and Chief Financial Officer, effective July 7, 2025. VanHimbergen's appointment follows an extensive and competitive search as part of the company's commitment to long-term, sustained value creation. VanHimbergen succeeds Todd Young, who will remain with the company as an advisor through August 31, 2025, to facilitate a smooth transition. VanHimbergen currently serves as the Senior Vice President and Chief Financial Officer of Hillenbrand, Inc., where he contributed to the company's transformation into a pure-play industrial company. Prior to joining Hillenbrand, he spent 15 years at Johnson Controls where he led the global finance, accounting and reporting functions, was a member of the executive leadership team and was deeply involved in Johnson Controls' enterprise transformation initiative. He previously held roles within Johnson Controls, including CFO of the $9 billion automotive interiors business in Shanghai, China, and led the battery division in Asia. Prior to Johnson Controls, VanHimbergen spent nearly a decade at PricewaterhouseCoopers LLP working with large multi-national companies. "We are excited for Bob to join the Elanco Executive Committee to help guide the continuation of our increasing value creation. With seven consecutive quarters of growth and a portfolio of potential blockbusters in launch mode, Elanco is focused on accelerating growth, globalizing and maximizing existing innovation, supporting the next wave of innovation, expanding margins, and improving cash generation," said Jeff Simmons, Elanco President and CEO. "Bob's nearly three decades of experience leading finance organizations, along with his leadership style focused on value creation will be extremely beneficial to build on our current momentum as we maximize the opportunity in front of us." "I am thrilled to join Elanco at this exciting time with the company's momentum and diverse portfolio of innovation," commented VanHimbergen. "I look forward to working with the leadership team to execute on the company's strategy, accelerate growth and enhance shareholder value." Simmons continued, "On behalf of the entire Elanco organization, we are grateful for Todd's contributions as we stood up Elanco as an independent company, completed acquisitions to diversify our portfolio, increased our global scale, delivered innovation, enhanced capabilities and took important steps to pay down debt. I express my appreciation to Todd for his more than six years of leadership with the Elanco team and enhancing animal health. I greatly value everything Todd has done to put Elanco in a position of strength. This is the right time for a proactive change." "It has been my privilege to work alongside such a dedicated Elanco team to position the company for its next stage of growth," said Todd Young. "Elanco is well positioned to execute its strategy, and I look forward to supporting this transition." The company also reconfirms the second quarter and full year guidance issued on the first quarter earnings call on May 7, 2025. ABOUT ELANCOElanco Animal Health Incorporated (NYSE: ELAN) is a global leader in animal health dedicated to innovating and delivering products and services to prevent and treat disease in farm animals and pets, creating value for farmers, pet owners, veterinarians, stakeholders and society as a whole. With 70 years of animal health heritage, we are committed to breaking boundaries and going beyond to help our customers improve the health of animals in their care, while also making a meaningful impact on our local and global communities. At Elanco, we are driven by our vision of Food and Companionship Enriching Life and our Elanco Healthy Purpose™ sustainability pillars – all to advance the health of animals, people, the planet and our enterprise. Learn more at Cautionary Statement Regarding Forward-Looking StatementsThe reconfirmation of guidance contained in this press release involves forward-looking statements within the meaning of the federal securities laws. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, by their nature, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, our actual results may differ materially from those contemplated by the forward-looking statements. Important risk factors that could cause actual results to differ materially from those in the forward-looking statements include regional, national or global political, economic, business, competitive, market and regulatory conditions, including but not limited to the following: operating in a highly competitive industry; the success of our research and development (R&D), regulatory approval and licensing efforts; the impact of disruptive innovations and advances in veterinary medical practices, animal health technologies and alternatives to animal-derived protein; competition from generic products that may be viewed as more cost-effective; changes in regulatory restrictions on the use of antibiotics in farm animals; an outbreak of infectious disease carried by farm animals; risks related to the evaluation of animals; consolidation of our customers and distributors; the impact of increased or decreased sales into our distribution channels resulting in fluctuations in our revenues; our dependence on the success of our top products; our ability to complete acquisitions and divestitures and to successfully integrate the businesses we acquire; our ability to implement our business strategies or achieve targeted cost efficiencies and gross margin improvements; manufacturing problems and capacity imbalances, including at our contract manufacturers; fluctuations in inventory levels in our distribution channels; risks related to the use of artificial intelligence in our business; our dependence on sophisticated information technology systems and infrastructure, including the use of third-party, cloud-based technologies, and the impact of outages or breaches of the information technology systems and infrastructure we rely on; the impact of weather conditions, including those related to climate change, and the availability of natural resources; demand, supply and operational challenges associated with the effects of a human disease outbreak, epidemic, pandemic or other widespread public health concern; the loss of key personnel or highly skilled employees; adverse effects of labor disputes, strikes and/or work stoppages; the effect of our substantial indebtedness on our business, including restrictions in our debt agreements that limit our operating flexibility and changes in our credit ratings that lead to higher borrowing expenses and restrict access to credit; changes in interest rates that adversely affect our earnings and cash flows; risks related to the write-down of goodwill or identifiable intangible assets; the lack of availability or significant increases in the cost of raw materials; risks related to foreign and domestic economic, political, legal and business environments; risks related to foreign currency exchange rate fluctuations; risks related to underfunded pension plan liabilities; our current plan not to pay dividends and restrictions on our ability to pay dividends; the potential impact that actions by activist shareholders could have on the pursuit of our business strategies; risks related to tax expense or exposures; actions by regulatory bodies, including as a result of their interpretation of studies on product safety; the possible slowing or cessation of acceptance and/or adoption of our farm animal sustainability initiatives; the impact of increased regulation or decreased governmental financial support related to the raising, processing or consumption of farm animals; risks related to tariffs, trade protection measures or other modifications of foreign trade policy; the impact of litigation, regulatory investigations and other legal matters, including the risk to our reputation and the risk that our insurance policies may be insufficient to protect us from the impact of such matters; challenges to our intellectual property rights or our alleged violation of rights of others; misuse, off-label or counterfeiting use of our products; unanticipated safety, quality or efficacy concerns and the impact of identified concerns associated with our products; insufficient insurance coverage against hazards and claims; compliance with privacy laws and security of information; risks related to environmental, health and safety laws and regulations; and inability to achieve goals or meet expectations of stakeholders with respect to environmental, social and governance matters. For additional information about the factors that could cause actual results to differ materially from forward-looking statements, please see the company's latest Form 10-K and Form 10-Qs filed with the Securities and Exchange Commission. Although we have attempted to identify important risk factors, there may be other risk factors not presently known to us or that we presently believe are not material that could cause actual results and developments to differ materially from those made in or suggested by the forward-looking statements contained in this press release. If any of these risks materialize, or if any of the above assumptions underlying forward-looking statements prove incorrect, actual results and developments may differ materially from those made in or suggested by the forward-looking statements contained in this press release. We caution you against relying on any forward-looking statements, which should also be read in conjunction with the other cautionary statements that are included elsewhere in this press release. Any forward-looking statement made by us in this press release speaks only as of the date thereof. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update or to revise any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law. Comparisons of results for current and any prior periods are not intended to express any future trends or indications of future performance, unless specifically expressed as such, and should be viewed as historical data. Investor Contact: Tiffany Kanaga (765) 740-0314 Contact: Colleen Dekker (317) 989-7011 View original content to download multimedia: SOURCE Elanco Animal Health Sign in to access your portfolio
Trade Arabia
6 days ago
- Business
- Trade Arabia
Johnson Controls opens largest York chiller production line in Jeddah
Johnson Controls Arabia, a global leader in smart building controls, and energy efficiency solutions, has inaugurated the first-ever 600-tonne air-cooled chiller production line at the York manufacturing complex in King Abdullah Economic City, Jeddah. The largest of its kind ever manufactured in Saudi Arabia, the chiller represents the latest evolution in the globally renowned YVAA series, now designed and manufactured in the kingdom with full compliance to the 'Saudi Made' certification programme, said a statement from Johnson Controls Arabia. Built for premium energy efficiency and optimal performance, this chiller meets the strictest standards in electrical safety, environmental sustainability, and trade requirements - both locally and internationally, it stated. This milestone is accompanied by the launch of Saudi Arabia's first AHRI-certified performance testing lab dedicated for up to 600-tonne air-cooled chillers, reinforcing the kingdom's emergence as a regional hub for HVAC innovation and industrial excellence. This breakthrough highlights the company's leadership in localizing HVAC technologies and its long-standing track record to high-performance manufacturing. It also holds AHRI Certification, confirming its verified performance and reliability. As part of Johnson Controls' global technology transfer initiative, this chiller benefits from the same design and manufacturing protocols the company used across the world, enabling cost-effective, high-quality local production, it stated. Johnson Controls Arabia CEO Dr. Mohanad AlShaikh said: "This milestone marks a proud moment for us as we continue to set new benchmarks in local manufacturing excellence and innovation from the heart of Saudi Arabia." "The launch of the 600-ton air-cooled chiller production line, the largest of its kind in the region, and the first AHRI-certified testing lab for this capacity of equipment in the Kingdom, underscores our dedication to supporting Saudi industrial leadership in line with Vision 2030," stated AlShaikh. The newly inaugurated AHRI-certified performance testing lab - the first in Saudi Arabia built specifically to test and certify up to 600-tonne air-cooled chillers - is a state-of-the-art facility located within the York Manufacturing Complex. It enables localised Factory Acceptance Testing (FAT), certification renewals, and prototype testing, significantly reducing lead times and boosting customer confidence. Accredited by IAS and equipped with advanced precision technologies, the lab enhances the company's research, development, and quality assurance capabilities, said the top official. The York Manufacturing Complex plays a pivotal role in advancing sustainability through local manufacturing. It exports 30% of its production to 26 countries - including high-demand markets such as the US and China - while 80% of total sales come from products manufactured in-house. The factory emphasizes high-quality, eco-friendly production that strengthens the 'Saudi-Made' brand.
Zawya
6 days ago
- Business
- Zawya
Johnson Controls Arabia inaugurates the Kingdom's largest YORK air-cooled chiller production line
Jeddah, Saudi Arabia – Johnson Controls Arabia, a global leader in Smart Building Controls, and energy efficiency solutions, has inaugurated the first-ever 600-ton air-cooled chiller production line at the YORK Manufacturing Complex in King Abdullah Economic City, Jeddah. This milestone is accompanied by the launch of Saudi Arabia's first AHRI-certified performance testing lab dedicated for up to 600-ton air-cooled chillers, reinforcing the Kingdom's emergence as a regional hub for HVAC innovation and industrial excellence. Johnson Controls Arabia proudly unveils its new production line and performance testing facility for the 600-ton air-cooled chiller, the largest of its kind ever manufactured in Saudi Arabia. This breakthrough highlights the company's leadership in localizing HVAC technologies and its long-standing track record to high-performance manufacturing. The 600-ton air-cooled chiller represents the latest evolution in the globally renowned YVAA series, now designed and manufactured in the Kingdom with full compliance to the 'Saudi Made' certification program. Built for premium energy efficiency and optimal performance, this chiller meets the strictest standards in electrical safety, environmental sustainability, and trade requirements—both locally and internationally. It also holds AHRI Certification®, confirming its verified performance and reliability. As part of Johnson Controls' global technology transfer initiative, this chiller benefits from the same design and manufacturing protocols the company used across the world, enabling cost-effective, high-quality local production. 'This milestone marks a proud moment for Johnson Controls Arabia, as we continue to set new benchmarks in local manufacturing excellence and innovation from the heart of Saudi Arabia,' said Dr. Mohanad AlShaikh, CEO of Johnson Controls Arabia. 'The launch of the 600-ton air-cooled chiller production line, the largest of its kind in the region, and the first AHRI-certified testing lab for this capacity of equipment in the Kingdom, underscores our dedication to supporting Saudi industrial leadership in line with Vision 2030.' The newly inaugurated AHRI-certified performance testing lab—the first in Saudi Arabia built specifically to test and certify up to 600-ton air-cooled chillers—is a state-of-the-art facility located within the YORK Manufacturing Complex. It enables localized Factory Acceptance Testing (FAT), certification renewals, and prototype testing, significantly reducing lead times and boosting customer confidence. Accredited by IAS and equipped with advanced precision technologies, the lab enhances the company's research, development, and quality assurance capabilities. The YORK Manufacturing Complex plays a pivotal role in advancing sustainability through local manufacturing. It exports 30% of its production to 26 countries—including high-demand markets such as the U.S. and China—while 80% of total sales come from products manufactured in-house. The factory emphasizes high-quality, eco-friendly production that strengthens the 'Saudi-Made' brand. The event marked the official visit of Johnson Controls International's newly appointed CEO, Mr. Joakim Weidemanis, on his first global tour, underscoring the strategic importance of Saudi Arabia within the company's international operations.
Channel Post MEA
23-05-2025
- Business
- Channel Post MEA
UiPath Annonces Bi-directional Integrations With Microsoft Copilot Studio
UiPath has announced new capabilities that enable the orchestration of Microsoft Copilot Studio agents alongside UiPath and other third-party agents using UiPath Maestro, an enterprise orchestration solution to seamlessly coordinate agents, robots, and people across complex processes. Developers can now orchestrate Microsoft Copilot Studio agents directly from Maestro. This capability builds on bi-directional integration between the UiPath Platform and Microsoft Copilot Studio recently announced by Microsoft, that facilitates seamless interaction between UiPath and Microsoft agents and automations — allowing customers to automate complex end-to-end processes, enable contextual decision-making, improve scalability, and unlock new levels of productivity. Developers can now embed UiPath automations and AI agents directly into Microsoft Copilot Studio and integrate Copilot agents within UiPath Studio— all while orchestrating seamlessly across platforms with UiPath Maestro. 'Our continued partnership with Microsoft enables millions of Microsoft users to take full advantage of the capabilities and flexibility offered by agentic automation and orchestration,' said Graham Sheldon, Chief Product Officer at UiPath. 'The UiPath multi-agent, cross-system capability uniquely enables seamless interaction and collaboration across various enterprise systems and applications, breaking down silos and enhancing overall operational efficiency.' Building an Open Ecosystem Business processes are complex, spanning modern SaaS systems, legacy platforms, documents, desktop applications and user actions. As several agentic platforms continue to take 'walled garden' approaches, UiPath is committed to building an open ecosystem so customers can focus on business outcomes without getting bogged down by technology limitations. UiPath Maestro can leverage the bi-directional integration with Copilot Studio to give customers built-in capabilities to build, manage, and orchestrate agents built in Microsoft Copilot Studio and other platforms in a controlled and scalable way—all while driving tangible business outcomes. 'You cannot automate a process in isolation; integrating across technology boundaries is necessary for real business impact,' remarked Ramnath Natarajan, Director of Global Intelligent Automation & Integration at Johnson Controls. Real World Applications Customers who use Microsoft Copilot Studio agents and Power Automate for email monitoring, email classification and intelligent Q&A are already seeing measurable ROI by augmenting their processes with UiPath agentic automation. For example, Johnson Controls enhanced an existing automation—originally built with UiPath robots and Power Automate—by adding a UiPath agent for confidence-based document extraction. The result: a 500% return on investment and projected savings of 18,000 hours annually that were previously spent on manual document review. 'This bi-directional integration harnesses the combined strengths of Microsoft Copilot and UiPath agents to fully automate complex workflows across documents, emails, PowerApps, and enterprise systems,' added Ramnath Natarajan, Director of Global Intelligent Automation & Integration Johnson Controls. Empowering Developers The integration extends other new capabilities that elevate business processes and drive smarter outcomes with agentic automation across departments and platforms. For instance, customers can now run coded agents built using LangGraph natively on the UiPath Platform without changing a single line of code. This empowers professional developers to build and test their agents using Python tooling while getting advantages of the UiPath Platform including governance, security, evaluations, and more—while running LangChain agents in their business process. Developers can also use UiPath UI Agent for computer use, to navigate real-world enterprise interfaces. The UiPath UI Agent understands intent, plans, and acts autonomously using a combination of computer use models and UiPath industry leading UI Automation. UI Agent is currently in private preview. Partnership with Microsoft UiPath has partnered with Microsoft to build a joint agentic vision anchored on industry leadership and customer choice. These integrations join the availability of its enhanced Autopilot agent for Copilot for Microsoft 365 and Microsoft Teams, allowing joint customers access to UiPath enterprise-grade automation capabilities from anywhere they use Copilot for Microsoft 365 or Teams. UiPath and Microsoft are also working together to make Azure tools discoverable to UiPath agents with an MCP integration as well as bring models and capabilities built on AI foundry to customers through the UiPath Platform. 0 0
