Honeywell Intl Inc Stock Price, News & Analysis

Janus International Group (NYSE: JBI) announced the appointment of Alessandro Araldi as President of Nokē and Corporate Strategy. With over 20 years of global experience, Araldi has a strong background in building technologies, previously holding leadership roles at Honeywell (NASDAQ: HON) and Texas Instruments (NASDAQ: TXN).

Araldi will oversee strategic growth for Nokē™ Smart Entry, aimed at enhancing security and automation for self-storage facilities. CEO Ramey Jackson highlighted Araldi’s innovative expertise as pivotal for future growth and expansion within the self-storage industry.

Honeywell (NASDAQ: HON) will host its 2023 investor conference at the Nasdaq MarketSite in New York City on May 11, 2023. Presentations and Q&A panels featuring the Honeywell leadership team will be included. Investors can access a real-time audio webcast of the presentation and related materials at http://www.honeywell.com/investor, with a replay available for 30 days post-event.

Honeywell (NASDAQ: HON) anticipates significant shifts in building operations driven by sustainability and cybersecurity trends. Key predictions for 2023 include the 'Electrify Everything' movement, pushing for the transition from fossil-fuels to electric systems amid regulatory pressures. The integration of advanced cybersecurity into digital building technologies is critical due to rising cyber threats. Additionally, building management will increasingly utilize AI to enhance energy efficiency and adaptability for hybrid workforces. Emphasis on energy resilience in cities will grow, bolstered by $1.2 trillion in federal funding.

Honeywell (NASDAQ: HON) will announce its fourth quarter financial results and provide a 2023 outlook on February 2, 2023, before the Nasdaq opens. The company will follow up with a conference call at 8:30 a.m. EST to discuss these results. Investors can access a real-time audio webcast of the presentation at Honeywell's Investor Relations website. Further details, including presentation materials, will be made available ahead of the presentation.

Honeywell (NASDAQ: HON) has resolved anti-corruption investigations with the U.S. DOJ, SEC, and Brazilian authorities, involving its historical operations related to Petrobras and Unaoil. The company will pay $202.7 million in penalties and has entered into a three-year Deferred Prosecution Agreement concerning Foreign Corrupt Practices Act violations. Although faced with past issues, Honeywell has been recognized for enhancing its ethics and compliance programs, receiving credit for its cooperation. The company is committed to ongoing improvements in compliance and transparency.

Verra Mobility Corporation (NASDAQ: VRRM) has appointed Jon Keyser as Executive Vice President and Chief Legal Officer, effective December 19, 2022. Keyser joins from Honeywell (NASDAQ: HON), where he was Vice President and General Counsel in a $10 billion revenue division. His experience includes managing legal operations and corporate governance, crucial for Verra Mobility's growth. CEO David Roberts expressed confidence that Keyser's skills align with the company’s mission of enhancing transportation safety and efficiency.

Honeywell (NASDAQ: HON) received court approval for its buyout agreement with the North American Refractories Asbestos Personal Injury Settlement Trust, freeing it from future funding obligations. The one-time payment of $1.325 billion was approved by the U.S. Bankruptcy Court on December 8, 2022. This move allows Honeywell to reduce its NARCO reserve from $695 million and offset liabilities with proceeds expected from HarbisonWalker International Holdings' sale to Platinum Equity, estimated at $300 million. Honeywell continues to retain rights to collect insurance proceeds related to asbestos claims.

Honeywell (Nasdaq: HON) announced an expansion of its strategic alliance with Nexceris to enhance electric vehicle safety. The collaboration aims to develop sensor-based solutions to prevent thermal runaway in lithium-ion batteries, a major safety risk that can lead to fires. As global EV sales reached nearly 7 million in 2021, automakers are increasingly focused on battery safety. By integrating advanced gas detection technology, the partnership seeks to improve early intervention capabilities, potentially minimizing safety risks and property damage.