Honeywell International reports developments across a multi-industry operating portfolio that includes Aerospace Technologies, Building Automation, Process Automation and Technology, and Industrial Automation. Company updates address operating and financial results, dividend declarations, capital-structure actions, governance matters, segment realignment, and portfolio disclosures.
Honeywell announcements also describe customer deployments of connected services, advanced digital performance monitoring, operator training, Honeywell Forge, Performance+ Services, and UOP process technology. Other recurring subjects include material agreements and regulatory or registration disclosures involving majority-owned businesses such as Quantinuum.
Honeywell has finalized its $4.95 billion acquisition of Carrier's Global Access Solutions business, enhancing its position in the security solutions sector. This acquisition aligns Honeywell with automation and digitalization megatrends, adding brands like LenelS2, Onity, and Supra to its portfolio.
The deal brings 1,200 employees to Honeywell and is expected to be accretive to adjusted earnings per share in the first year. Honeywell forecasts annual sales over $1 billion from this acquisition, boosting its Building Automation segment.
The company updated its 2024 outlook, projecting full-year sales of $38.5 billion to $39.3 billion, with organic growth of 4% to 6%. Segment margin is expected to be 23.8% to 24.1%, and adjusted earnings per share between $10.15 and $10.45. Operating cash flow is projected at $6.7 billion to $7.1 billion, with free cash flow between $5.6 billion and $6 billion.
Honeywell (Nasdaq: HON) announced a partnership with Enel North America to enhance building automation and demand response solutions for commercial and industrial organizations. This collaboration aims to stabilize power grids by automating energy load management to prevent blackouts during peak usage. The partnership leverages Enel's energy portfolio and Honeywell's automation systems, offering benefits such as increased operational efficiency, cost savings, and grid reliability. The initiative aligns with Honeywell's focus on automation, aviation's future, and energy transition, enabling businesses to maximize energy flexibility and revenue potential without out-of-pocket costs.
Honeywell announced its participation at upcoming investor conferences in May. Jim Currier, CEO of Aerospace Technologies, will present at Bank of America's conference on May 14, 2024, and Dave Shilliday, VP of Advanced Air Mobility, will present at Jefferies eVTOL / AAM Summit on May 30, 2024. Real-time webcasts will be available for 30 days.
Honeywell is an integrated operating company aligned with automation, aviation, and energy transition megatrends, offering solutions for complex challenges. For more information, visit www.honeywell.com/newsroom.
Investors can access information on the Investor Relations website. Contact Stacey Jones or Sean Meakim for media or investor inquiries.
Honeywell's 2024 USB Threat Report reveals the growing cyber threat of 'silent residency' in industrial and critical infrastructure facilities. The report emphasizes the risk of 'living off the land' attacks using USB devices to infiltrate control systems, posing severe consequences for operations. Honeywell's findings highlight the increasing sophistication of malware targeting industrial environments, stressing the need for advanced cybersecurity measures to protect assets and data.
Honeywell (NASDAQ: HON) has announced a quarterly dividend payment of $1.08 per share on its common stock, payable on June 7, 2024. The company serves various industries globally and focuses on automation, aviation, and energy transition, offering solutions through its business segments. For more information, visit www.honeywell.com/newsroom.
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