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Honeywell International Inc - HON STOCK NEWS

Welcome to our dedicated news page for Honeywell International (Ticker: HON), a resource for investors and traders seeking the latest updates and insights on Honeywell International.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Honeywell International's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Honeywell International's position in the market.

Rhea-AI Summary
Honeywell delivered strong first-quarter results exceeding earnings guidance with sales of $9.1 billion, a 3% increase in reported and organic sales, operating margin up 130 basis points to 20.4%, and earnings per share of $2.23. Aerospace Technologies and Energy and Sustainability Solutions saw significant growth. Honeywell's full-year guidance remains positive with sales expected between $38.1 billion to $38.9 billion and adjusted earnings per share between $9.80 to $10.10.
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Honeywell announced its hydrocracking technology can produce sustainable aviation fuel (SAF) from biomass, reducing carbon intensity by 90%. The new technology increases SAF production by 3-5%, cuts costs by up to 20%, and reduces waste. DG Fuels will deploy Honeywell's technology in its SAF production plant, aiming to produce 13,000 barrels of SAF daily by 2028.
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Honeywell (HON) will release its first quarter financial results and conduct an investor conference call on April 25. The company focuses on automation, aviation, and energy transition, offering solutions for global challenges.
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Honeywell (HON) announces the acquisition of Civitanavi Systems S.p.A. to enhance autonomous operations in aircraft and vehicles. The purchase price of €6.30 per share in cash represents a 27.1% premium to Civitanavi's stock price. The transaction, valued at approximately €200 million, is expected to close in the third quarter of 2024, subject to regulatory approvals.
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Hisense partners with Honeywell to integrate Solstice refrigerant technology, reducing environmental impact. Honeywell's Solstice 454B offers high performance with low global warming potential. The move aligns with global efforts to phase out high-GWP refrigerants.
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Honeywell (HON) declares a quarterly dividend of $1.08 per share, payable on March 15, 2024, to shareholders of record on March 1, 2024. The company focuses on automation, aviation, and energy transition, offering solutions through Aerospace Technologies, Industrial Automation, Building Automation, and Energy and Sustainability Solutions segments.
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Honeywell (NASDAQ: HON) announces its participation at upcoming investor conferences in the first quarter of 2024. The company's CEO and CFO will be presenting at multiple conferences, providing real-time webcasts of the presentations, and discussing the company's alignment with powerful industry megatrends. Honeywell is a trusted partner, offering actionable solutions and innovations for a smarter, safer, and more sustainable world.
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Honeywell (HON) has become the Official Sustainable Building Technology Partner for the Atlanta Hawks and State Farm Arena, implementing high-tech upgrades to decrease energy consumption and emissions while increasing visibility and control of the indoor environment. The partnership includes the installation of new building management systems and specialized sensors to monitor air quality. Honeywell will also collaborate with the Atlanta Hawks to develop a community engagement program offering STEM and Sustainability Education to metro Atlanta schools.
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Honeywell (HON) plans to invest $84 million to expand its Olathe manufacturing facility in Kansas, generating nearly $47 million in total gross domestic product (GDP) and contributing $18.3 million to state and local taxes in the first six years. The project is expected to create 156 new jobs at the facility, supporting more than 200 jobs in other sectors of the Kansas economy. The expansion aims to develop a strong domestic supply chain for next-generation avionics and printed circuit board assemblies, creating one of Honeywell's most technologically advanced aerospace manufacturing facilities.
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Honeywell (HON) reported fourth-quarter earnings per share of $1.91 and adjusted earnings per share of $2.60, with sales up 3% and organic sales up 2%. Full-year operating cash flow was $5.3 billion and free cash flow was $4.3 billion, at the high end of previous guidance. The company expects 2024 adjusted earnings per share of $9.80 - $10.10, up 7% - 10%. Vimal Kapur to become Chairman of the Board, and a new independent Lead Director announced. The company's outlook for 2024 includes sales of $38.1 billion to $38.9 billion, representing year-over-year organic growth of 4% to 6%.
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Honeywell International Inc

Nasdaq:HON

HON Rankings

HON Stock Data

127.74B
619.94M
0.09%
79.13%
1.17%
Aircraft Engine and Engine Parts Manufacturing
Manufacturing
Link
United States
Charlotte

About HON

Honeywell International Inc. is an American publicly traded, multinational conglomerate corporation headquartered in Charlotte, North Carolina. It primarily operates in four areas of business: aerospace, building technologies, performance materials, and technologies, and safety and productivity solutions.