Honeywell Intl Inc Stock Price, News & Analysis

Honeywell (NASDAQ: HON) reported strong third-quarter results, exceeding guidance with a 27% increase in earnings per share to $2.28. Operating cash flow surged 86% to $2.1 billion, and free cash flow rose 108% to $1.9 billion. The company raised full-year guidance for organic sales growth to 6% - 7% and adjusted EPS to $8.70 - $8.80. Notably, segment revenues grew by 6%, with double-digit organic growth in several segments, including Aerospace and Building Technologies, despite challenges in supply chains.

Honeywell's 31st annual Global Business Aviation Outlook forecasts robust growth with up to 8,500 new business jet deliveries valued at $274 billion over the next decade, marking a 15% increase in both deliveries and expenditures from last year. Projected new deliveries in 2023 are estimated to be 17% higher than in 2022, while expenditures may rise by 20%. The demand is driven by first-time users and heightened interest in sustainability, with half of operators implementing methods to reduce carbon footprints.

Honeywell (HON) launched the Smart City Accelerator Program in collaboration with Accelerator for America, aiming to enhance smart city growth in five selected U.S. cities: Cleveland, Louisville, Kansas City, San Diego, and Waterloo. This initiative will provide technical support for developing Smart City Strategic Plans, focusing on climate resiliency, public safety, and improved service delivery. Each city will also receive assistance in applying for federal grants to implement their projects, aiding in the modernization of urban infrastructure and enhancing residents' quality of life.

Honeywell (Nasdaq: HON) has partnered with Tractor Supply Company (Nasdaq: TSCO) to enhance operations in over 2,000 stores across the U.S. by deploying Honeywell's CT40XP mobile computers and Operational Intelligence Professional software. This implementation has boosted productivity, improved inventory accuracy, and reduced the average propane refill time by 93%, from seven minutes to 30 seconds. The initiative aims to streamline customer experiences and empower Team Members, ultimately fostering stronger customer relationships and operational efficiencies.

Honeywell has unveiled an innovative ethanol-to-jet fuel (ETJ) processing technology that converts various ethanol sources into sustainable aviation fuel (SAF). This new method can achieve up to an 80% reduction in greenhouse gas emissions compared to petroleum-based jet fuel. The modular design helps lower capital costs and accelerates production timelines. Given the rising demand for SAF, this technology positions Honeywell favorably as it aligns with global initiatives aimed at meeting 2030 SAF mandates.

Honeywell has launched its first large-scale facility in Baton Rouge for manufacturing Solstice Air, a near-zero global-warming-potential (GWP) medical propellant for inhalers. AstraZeneca plans to use this technology in respiratory medications, starting with their triple-combination therapy, pending regulatory approval. This collaboration emphasizes both healthcare innovation and sustainability. Honeywell has invested over $1 billion in this technology, which has already prevented the release of 295 million metric tons of carbon dioxide, aligning with its commitment to carbon neutrality by 2035.

Honeywell (NASDAQ: HON) has been chosen by Mangata Networks to deliver its integrated attitude control system (IACS) for a new constellation of 32 satellites. This partnership aims to enhance connectivity and weather monitoring in areas lacking quality internet access. Mangata's satellites will operate in highly elliptical and medium Earth orbits, focusing on high-speed, low-latency communication. Honeywell's expertise in navigation and data handling positions it well to support the modernization of global telecommunications.

Honeywell (NASDAQ: HON) has announced an increase in its annual cash dividend from $3.92 to $4.12 per share, effective with the fourth-quarter dividend of $1.03 per share, payable on December 2, 2022. This marks the 13th increase in twelve consecutive years, reflecting the company's strong financial performance despite economic challenges. The dividend will benefit shareholders of record by November 11, 2022. Chairman Darius Adamczyk emphasized the importance of the robust balance sheet, cost management, and focus on sustainable growth.