Honeywell Intl Inc Stock Price, News & Analysis

Honeywell (NASDAQ: HON) will participate in two investor conferences in February 2022. Greg Lewis, CFO, will present at the Barclays Industrial Select Conference in Miami on February 23 from 9:10 a.m. to 9:40 a.m. EST. A webcast will be available at honeywell.com/investor. Additionally, Anne Madden and Ben Owens will join a panel at the RBC Global ESG Conference on February 24 from 9:00 a.m. to 9:30 a.m. EST. Webcast access will also be provided via the same link, with a replay available for 14 days.

Honeywell has launched a new solution to produce renewable naphtha using its UOP Ecofining™ technology. This pathway allows for high-yield production of naphtha from sustainable feedstocks like used cooking oil, offering a 50%-80% lower greenhouse gas footprint compared to traditional petroleum feeds. The Ecofining technology, jointly developed with Eni SpA, also facilitates the creation of renewable fuels such as Honeywell Green Diesel. This advancement aims to meet increasing consumer demand for bio-based products and supports petrochemical producers in reducing their environmental impact.

Honeywell (NASDAQ: HON) reported its fourth-quarter and full-year 2021 results, with a 3% decline in quarterly sales and 5% annual growth. Adjusted EPS for Q4 was $2.09, above expectations, and for the year, it reached $8.06, exceeding the guidance range. Demand remained strong with a backlog of $28 billion. The company projects 2022 sales between $35.4 billion and $36.4 billion. Despite supply chain challenges and declining COVID-related mask sales, Honeywell's focus on operational excellence, acquisitions, and capital deployment strategies position it for growth.

On February 2, 2022, Honeywell (NASDAQ: HON) successfully demonstrated its IntuVue RDR-84K radar system in autonomous collision avoidance tests involving drones. Conducted in Phoenix, the tests showcased the radar's ability to detect and navigate around noncooperating aircraft without human intervention. Weighing less than 2 pounds, the compact radar can identify threats from up to 3 kilometers away and autonomously execute avoidance maneuvers.

This innovative technology is crucial for the safety of pilotless aviation, enabling Beyond Visual Line of Sight operations.

Honeywell announced that Walmart will use its Solstice® N40 refrigerant in over 160 supermarket refrigeration systems across Mexico and Central America. This initiative aims to reduce Walmart's carbon footprint by eliminating approximately 130,000 metric tons of CO2e. Solstice N40 has a global warming potential 68% lower than traditional refrigerants like R-404A, and it also demonstrates 5% to 15% lower energy consumption. Walmart's commitment to sustainability aligns with Honeywell's goal of achieving carbon neutrality by 2035.

Honeywell (Nasdaq: HON) has launched Solstice N71 (R-471A), a new low-global-warming-potential refrigerant for the supermarket sector, featuring a GWP of less than 150. This non-flammable and energy-efficient solution comes as supermarkets face increasing regulatory pressure to adopt eco-friendly refrigerants amidst changing global standards. The introduction of Solstice N71, which supports compliance with impending regulations from California and the European Union, reflects Honeywell's commitment to sustainability and innovation, building on its successful Solstice product line that has already prevented over 250 million metric tons of CO2 emissions.

Honeywell (Nasdaq: HON) announced a strategic investment in RapidSOS, enhancing public safety communications. RapidSOS, used by over 5,200 emergency communication centers globally, will integrate with Honeywell's Connected Life Safety System (CLSS) to streamline emergency response. The aim is to reduce the emergency response time significantly, potentially saving lives. This partnership builds on Honeywell’s acquisition of US Digital Designs for improved dispatch solutions. The financial terms of the investment remain undisclosed.