CHARLOTTE, N.C., Nov. 22, 2024 /PRNewswire/ -- Honeywell (NASDAQ: HON) announced today that it has agreed to sell its Personal Protective Equipment (PPE) business to Protective Industrial Products, Inc. ("PIP"), a portfolio company of Odyssey Investment Partners, for $1.325 billion in an all-cash transaction. The transaction will enable Honeywell to further simplify its portfolio in order to accelerate value creation in alignment with three compelling megatrends: automation, the future of aviation and energy transition.
Discloses More Than $5 Billion Investment
Calls for Honeywell to Separate Into Two Industry-Leading Independent Companies
Sees 51-75% Share-Price Upside Over Next Two Years
Full Letter Available at ElliottLetters.com
WEST PALM BEACH, Fla., Nov. 12, 2024 /PRNewswire/ -- Elliott Investment Management L.P. ("Elliott"), which manages funds that together have made an investment of more than $5 billion in Honeywell International Inc. (NYSE: HON) (the "Company" or "Honeywell"), today sent a letter to its Board of Directors calling for a simplification of Honeywell's conglomerate structure.
CHARLOTTE, N.C., Nov. 1, 2024 /PRNewswire/ -- Honeywell (NASDAQ: HON) today announced its participation at upcoming investor conferences in the fourth quarter.
Ken West, President and Chief Executive Officer of Honeywell Energy and Sustainability Solutions, will present at the Baird Global Industrials Conference in Chicago, Illinois on Tuesday, November 12, 2024, from 7:20 a.m. - 7:50 a.m. CST (8:20 a.m. - 8:50 a.m. EST).Billal Hammoud, President and Chief Executive Officer of Honeywell Building Automation, will present at the Goldman Sachs Industrials and Materials Conference in New York City on Thursday, December 5, 2024, from 8:00 a.m. - 8:35 a.m. EST.Vimal Kapur, Chairman and Chief Executive Officer of Honeywell, will attend the Melius Research Conference in New York City on Wednesday, December 11, 2024.
CHARLOTTE, N.C., Oct. 24, 2024 /PRNewswire/ -- Honeywell (NASDAQ: HON) today announced results for the third quarter, including segment margin1 and adjusted earnings per share1 that exceeded the company's guidance despite lower revenues in a challenging operating environment. The company also updated its full-year sales, segment margin2, adjusted earnings per share2,3, and cash flow guidance ranges.
Google Cloud AI to enhance Honeywell's product offerings and help upskill the industrial workforce
New solutions will connect to enterprise-wide industrial data from Honeywell Forge, a leading IoT platform for industrials
CHARLOTTE, N.C. and SUNNYVALE, Calif., Oct. 21, 2024 /PRNewswire/ -- Honeywell (NASDAQ: HON) and Google Cloud announced a unique collaboration connecting artificial intelligence (AI) agents with assets, people and processes to accelerate safer, autonomous operations for the industrial sector.
LAS VEGAS, Oct. 20, 2024 /PRNewswire/ -- Honeywell (NASDAQ: HON) today published its 33rd annual Global Business Aviation Outlook, which provides unique insights into current industry trends as well as longer-cycle developments and is informed by extensive surveys of business aviation operators across the globe.
PHOENIX, Oct. 14, 2024 /PRNewswire/ -- Honeywell (Nasdaq: HON) has been awarded a $103 million contract by the U.S. Army, through the Defense Logistics Agency, to provide its Next-Generation APN-209 Radar Altimeter (Next Gen APN-209) system on a wide variety of Army aircraft. This contract underscores Honeywell's ongoing commitment to delivering advanced, reliable technology to support U.S. Army missions. It also supports Honeywell's alignment of its portfolio to three powerful megatrends, including the future of aviation.
HOUSTON, Oct. 9, 2024 /PRNewswire/ -- Honeywell (Nasdaq: HON) and Qualcomm Technologies, Inc. today announced an expanded collaboration to develop new artificial intelligence (AI)-enabled solutions for the energy sector. The design and development of these solutions with Qualcomm Technologies supports Honeywell's alignment of its portfolio to three compelling megatrends, including automation.
CHARLOTTE, N.C., Sept. 30, 2024 /PRNewswire/ -- Honeywell (NASDAQ: HON) today announced the completion of its acquisition of Air Products' liquefied natural gas (LNG) process technology and equipment business for $1.81 billion in an all-cash transaction. This further expands the comprehensive suite of top-tier solutions Honeywell offers its customers for managing their energy transformation journey.
CHARLOTTE, N.C., Sept. 27, 2024 /PRNewswire/ -- Honeywell (NASDAQ: HON) today announced that its Board of Directors has approved an increase in the company's regular annual cash dividend from $4.32 to $4.52 per share. The increase will be effective starting with the fourth-quarter dividend of $1.13 per share, which was declared today, and is payable on December 6, 2024, out of surplus to holders of record at the close of business on November 15, 2024.
CHARLOTTE, N.C., Sept. 26, 2024 /PRNewswire/ -- Honeywell (NASDAQ: HON) will issue its third quarter financial results before the opening of the Nasdaq Stock Market on Thursday, October 24. The company will also hold a conference call at 8:30 a.m. EDT.
Presentation Materials / Webcast Details
A real-time audio webcast of the presentation can be accessed at http://www.honeywell.com/investor, where related materials will be posted prior to the presentation and a replay of the webcast will be available for 30 days following the presentation.
Advanced mobile assistant intended to amplify business operations and customer engagements powered by multi-modal AI workflows
CHARLOTTE, N.C., Sept. 23, 2024 /PRNewswire/ -- Honeywell (Nasdaq: HON) today announced that it is working to develop an artificial intelligence (AI)-enabled Multi-Modal Intelligent Agent for Honeywell mobile devices powered by Qualcomm Technologies, Inc. The agent will allow workers and customers in the distribution center and retail industries to interact naturally with their handheld devices through voice, pictures, and barcodes.
Agreement aims to provide customers a carbon capture solution for power plants from two leading energy solution providers
CHARLOTTE, N.C., Sept. 17, 2024 /PRNewswire/ -- Honeywell (Nasdaq: HON) announced today a collaborative endeavor with SAMSUNG E&A to jointly market solutions aimed at the hard-to-abate power plant sector globally. The initiative seeks to reduce carbon emissions and contribute to the fight against climate change. It also supports Honeywell's alignment of its portfolio to three powerful megatrends, including the energy transition.
CHARLOTTE, N.C., Sept. 5, 2024 /PRNewswire/ -- Honeywell International Inc. (NASDAQ: HON) today announced that Mike Stepniak, who currently serves as Vice President and Chief Financial Officer for Honeywell Aerospace Technologies, will succeed Greg Lewis as Senior Vice President and Chief Financial Officer following the company's announcement of its fourth quarter and full-year financial results for fiscal year 2024. Until the transition is complete, Stepniak will serve as Vice President, Corporate Finance. Upon completion of the transition, Lewis, who has been Honeywell's CFO since 2018 and served the company for nearly two decades, will become Senior Vice President of Honeywell Accelerator and serve as a Senior Advisor to Chairman and CEO Vimal Kapur.
CHARLOTTE, N.C., Sept. 4, 2024 /PRNewswire/ -- Honeywell (NASDAQ: HON) today announced the completion of its acquisition of CAES Systems Holdings LLC (CAES) from private equity firm Advent International for approximately $1.9 billion in an all-cash transaction. The acquisition enhances Honeywell's defense technology solutions across land, sea, air and space and is also expected to create favorable tailwinds for growth across Honeywell's Aerospace Technologies business.
CHARLOTTE, N.C., Aug. 29, 2024 /PRNewswire/ -- Honeywell (NASDAQ: HON) today announced its participation at upcoming investor conferences in September.
Jim Currier, President and Chief Executive Officer of Honeywell Aerospace, will present at the Jefferies Industrials Conference in New York City on Thursday, September 5, 2024, from 8:05 a.m. - 8:35 a.m. EDT.Greg Lewis, Senior Vice President and Chief Financial Officer of Honeywell, will attend the Vertical Research Partners Global Industrials Conference in Westbrook, Connecticut, on Friday, September 6, 2024. Mr. Lewis will also attend the J.P. Morgan U.S. All Stars Conference in London, England, on Tuesday, September 17, 2024.Vimal Kapur, Chief Executive Officer of Honeywell, will present at the Morgan Stanley Laguna Conference in Dana Point, California, on Wednesday, September 11, 2024, from 7:35 a.m. - 8:05 a.m. PDT (10:35 a.m. – 11:05 a.m. EDT).
Expanded collaboration uses real-time occupancy data to help manage environmental impact of buildings
ATLANTA, Aug. 29, 2024 /PRNewswire/ -- Honeywell (NASDAQ: HON) announced today a collaboration with Cisco on an AI-powered solution that automatically adapts building systems based on fluctuating usage levels, reducing energy consumption and optimizing the environment for worker productivity and comfort.
ATLANTA, Aug. 14, 2024 /PRNewswire/ -- Honeywell (NASDAQ: HON) today announced the launch of INNCOM Direct, an easy-to-install energy management system that uses automation to help improve energy efficiency in mid-market hotel properties. The launch of INNCOM Direct supports Honeywell's alignment of its business around three compelling megatrends, including automation and the energy transition.
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