Johnson Controls cybersecurity incident disrupts operations, could delay earnings
Johnson Controls International PLC (JCI) said late Wednesday a recent cybersecurity incident disrupted operations and could possibly interfere with earnings. In a filing late Wednesday with the Securities and Exchange Commission, the building infrastructure supplier said it is investigating an undated cybersecurity incident along with outside experts. Johnson Controls said the incident caused disruptions in portions of the company's internal IT infrastructure and apps, but that "many of the company's applications are largely unaffected and remain operational." The incident, however, "has caused, and is expected to continue to cause, disruption to parts of the company's business operations," Johnson Controls said. The company added it is still assessing whether the incident will affect its ability to release September-ending quarter results on time in November, or have a material impact on financial results. Johnson Controls shares declined 1.4% after hours, following a 0.7% rise to close the regular session at at $54.54.
-Wallace Witkowski
This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
09-27-23 1912ET
Copyright (c) 2023 Dow Jones & Company, Inc.-
What’s Happening in the Markets This Week
-
Worst-Performing Stock ETFs of the Quarter
-
Q3 in Review and Q4 2024 Market Outlook
-
Top-Performing Stock ETFs of the Quarter
-
September Jobs Report Forecasts Show Moderate Hiring Gains
-
Port Strike a Headache for Shippers but a Potential Tailwind for Certain US Transport Stocks
-
13 Charts on Q3′s Roller-Coaster Rally for Stocks and Bonds
-
5 Stocks to Buy Instead of Overpriced US Equities
-
Consumer Defensives: Despite Angst, Thirsty Investors Have Names to Pursue
-
Industrials: Many Stocks Overvalued After Q3 Outperformance
-
Basic Materials: Despite Index Rise, We See Multiple Long-Term Opportunities
-
What the Election Could Mean for Big Tech Stocks
-
3 Lessons From Recent Stock Market Drama
-
Consumer Cyclicals: Even Amid Moderating Consumer Spending, We See Discounts
-
Healthcare: Valuations Look Fair Overall, With Select Industries Still Undervalued
-
Utilities: Falling Interest Rates, Growth Outlook Boosting Stocks