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.
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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 announces CEO Vimal Kapur will take on the additional role of chairman upon the retirement of executive chairman Darius Adamczyk in June 2024. William S. Ayer will succeed D. Scott Davis as independent lead director starting May 2024. The company expresses confidence in Kapur's leadership and strategic vision for Honeywell's growth plans, capital deployment, and operational excellence.
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Honeywell (HON) will hold its 2024 Annual Shareowners Meeting virtually on May 14, 2024, allowing shareowners to vote. The meeting will be held online at http://www.virtualshareholdermeeting.com/HON2024.
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Honeywell has announced that Acelen Renewables has selected its Ecofining™ technology to produce sustainable aviation fuel and renewable diesel in Brazil. This marks the 50th site to license Honeywell's renewable fuels technology. The use of SAF can reduce greenhouse gas emissions by up to 80% compared to conventional fossil fuels. Honeywell has seen increasing demand for renewable fuels technologies, in line with international decarbonization efforts. Acelen Renewables aims to produce one billion liters of Renewable Diesel and Sustainable Aviation Kerosene per year from 2026 onwards.
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Honeywell (NASDAQ: HON) launched Advance Control for Buildings, a platform with advanced cybersecurity, faster network speeds, and innovative technology to address building managers' concerns. The platform aims to automate building management and enhance energy efficiency, aligning with Honeywell's plans to realign its business with automation and energy transition megatrends. The company also announced strategic alliances with NXP Semiconductors N.V. (NASDAQ: NXPI) and Analog Devices, Inc. (NASDAQ: ADI) to streamline the transition to intelligent edge processing.
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Honeywell announced a $300 million equity fundraise for Quantinuum, the world's leading integrated quantum computing company, with participation from JPMorgan Chase, Mitsui, Amgen, and Honeywell. This investment brings the total capital raised by Quantinuum to approximately $625 million. The funds will be used to accelerate the path towards achieving the world's first universal fault-tolerant quantum computers and to extend Quantinuum's software offering. JPMorgan Chase, Mitsui, and Amgen expressed confidence in Quantinuum's new ventures in fault-tolerant quantum computing and quantum software development. Quantinuum's technologies are used by leading companies such as Airbus, BMW Group, Honeywell, HSBC, JPMorgan Chase, Mitsui, and Thales.
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Honeywell (HON) and NXP Semiconductors N.V. (NXPI) have signed a Memorandum of Understanding (MOU) to optimize commercial buildings' energy consumption using machine learning and data analytics. The collaboration aims to integrate NXP's neural network-enabled applications processors into Honeywell's building management systems to enhance building autonomy and energy efficiency. The goal is to deliver smart energy solutions powered by AI/machine learning and data analytics to guide service technicians and drive energy efficiency. Honeywell will utilize NXP's semiconductor and software solutions to observe, learn, and adapt in real time, enhancing analytics and decision-making for improved sustainability outcomes.
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-0.36%
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Honeywell (HON) and Analog Devices, Inc. (ADI) have entered into a Memorandum of Understanding to explore the digitization of commercial buildings by upgrading to digital connectivity technologies without replacing existing wiring. This strategic alliance aims to reduce cost, waste, and downtime, bringing new technology to building management systems for the first time. The collaboration will allow building owners to upgrade and enhance their wiring without a significant upfront investment, and with less labor and environmental impact. Honeywell plans to adopt ADI's single-pair Ethernet (T1L) and software configurable input/output (SWIO) solutions in its building management systems.
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Honeywell (HON) will release its fourth quarter financial results and 2024 outlook before the opening of the Nasdaq Stock Market on Thursday, February 1. The company's business is aligned with powerful megatrends such as automation, the future of aviation, and energy transition. Honeywell is a trusted partner, providing actionable solutions and innovations that make the world smarter, safer, and more sustainable.
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Honeywell International, Inc.
Nasdaq:HON
HON Rankings
HON Stock Data
127.18B
619.94M
0.09%
79.13%
1.17%
Aircraft Engine and Engine Parts Manufacturing
Manufacturing
United States of America
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.