Welcome to our dedicated page for Honeywell Intl news (Ticker: HON), a resource for investors and traders seeking the latest updates and insights on Honeywell Intl stock.
Honeywell International Inc. (NASDAQ: HON) is an integrated operating company with activities spanning aerospace, building automation, industrial automation, process automation and process technology. This news page aggregates company announcements, press releases and market-moving updates drawn from Honeywell’s own communications and regulatory disclosures.
Recent Honeywell news highlights several themes the company emphasizes. In aerospace, Honeywell has announced plans to separate its Aerospace Technologies business into an independent, publicly traded company, and has named leadership for the future Honeywell Aerospace entity. The company has also completed the spin-off of its Advanced Materials business into Solstice Advanced Materials Inc., which now trades on Nasdaq under the symbol SOLS, and continues to provide updates on the strategic realignment of its automation segments.
Honeywell’s news flow also reflects its focus on AI-enabled and data-driven solutions. Press releases describe the Experion Operations Assistant, an AI-assisted control room solution piloted with TotalEnergies at the Port Arthur Refinery, and the Smart Shopping Platform for retailers, developed with Google Cloud and 66degrees, which uses Google’s AI technologies and Honeywell Mobility Edge devices to personalize in-store shopping. Additional announcements cover partnerships such as the integration of Digimarc’s on-scanner software into Honeywell handheld retail scanners to help combat gift card fraud.
Investors and followers of HON stock can use this page to review Honeywell’s earnings announcements, segment realignment updates, spin-off milestones, technology launches, partnerships and governance developments, all based on official company news and related filings.
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Honeywell (NASDAQ: HON) has announced the commercialization of its innovative UpCycle Process Technology, which enhances the recycling capabilities of various plastics. This technology can potentially recycle up to 90% of global plastic waste by converting it into Honeywell Recycled Polymer Feedstock, significantly reducing CO2 emissions. A joint venture with Spain's Sacyr will see the establishment of a facility in Andalucía to process 30,000 metric tons of mixed waste plastics annually, starting in 2023. This initiative aligns with Honeywell's commitment to sustainability and a circular economy for plastics.
Honeywell (Nasdaq: HON) announced its Solstice® technology has prevented over 250 million metric tons of CO2 emissions, equivalent to eliminating emissions from more than 52 million cars annually.
The innovative hydrofluoroolefin (HFO) refrigerants, now in over 100 million vehicles, contribute to energy efficiency and lower carbon footprints. Honeywell has invested $1 billion in developing these solutions, aligning with its commitment to carbon neutrality by 2035. The Solstice line includes various products that cater to automotive, commercial, and household applications, significantly aiding in reducing greenhouse gases globally.
Honeywell (NASDAQ: HON) has unveiled a groundbreaking flow battery technology designed for renewable energy storage, enhancing the use of wind and solar power. This innovative battery utilizes a non-flammable electrolyte, providing up to 12 hours of energy discharge, outpacing traditional lithium-ion batteries. Set to be tested by Duke Energy in 2022, this technology aims to reduce reliance on fossil fuels, aligning with Duke's clean energy targets of a 50% carbon emissions reduction by 2030. Industry forecasts predict a $13.7B market for long-duration energy storage by 2030.
Honeywell (NASDAQ: HON) reported strong Q3 results with an 8% organic sales growth across all segments, led by a remarkable 38% increase in Aerospace commercial aftermarket. The company achieved a segment margin of 21.2%, exceeding guidance, and adjusted earnings per share rose 29% year-over-year to $2.02. Honeywell’s full-year sales guidance is now set between $34.2 billion to $34.6 billion, reflecting supply chain challenges. Despite facing inflation and labor market issues, Honeywell continues to execute a disciplined capital deployment strategy, including a $0.7 billion share repurchase.
Honeywell's (NASDAQ: HON) 30th annual Global Business Aviation Outlook predicts up to 7,400 new business jet deliveries worth $238 billion from 2022 to 2031, marking a 1% increase in deliveries from last year. A significant rise in used jet purchase plans is noted, showing a 12% increase from the previous year. Business operators expect 10% more deliveries in 2022 and anticipate continued growth in business jet usage despite ongoing pandemic challenges. Key trends indicate a strong demand for larger-cabin jets and minimal COVID-19 impact on buying plans.
Honeywell (NASDAQ: HON) is set to release its third-quarter financial results on October 22, 2021, before the Nasdaq opens. A conference call will follow at 8:30 a.m. EDT, where stakeholders can join by dialing (301) 715-8592. A live audio webcast will be available at www.honeywell.com/investor, providing access to presentation materials and a replay for 30 days.
Honeywell (Nasdaq: HON) has launched two Bluetooth-connected gas detectors, the Searchline Excel Plus and Searchline Excel Edge. These devices ensure continuous gas monitoring in inclement weather, enhancing safety in oil, gas, and industrial sectors. They utilize advanced optics and infrared technology, operating effectively even in fog and rain. Bluetooth connectivity facilitates maintenance from a distance, improving worker safety.
On October 5, 2021, Honeywell (NASDAQ: HON) launched the Honeywell Anthem, the aviation industry's first cloud-connected cockpit system. This innovative platform enhances flight operations, safety, and efficiency with its always-on connectivity and intuitive interface. It supports various aircraft types, from commercial to advanced air-mobility vehicles, and aims to promote pilot autonomy by integrating all operational data seamlessly. The system can reduce preflight preparation time by up to 45 minutes and is designed to improve overall situational awareness for pilots through enhanced visualization tools.
Honeywell (HON) has launched a new line of ergonomic headpieces, the Honeywell North® Primair 900 (PA900) Series, designed for face and respiratory protection in demanding work environments such as oil and gas and manufacturing. The PA900 series features lightweight, user-centered design that enhances comfort and safety, promoting compliance among workers. It includes an optimized airflow system, ensuring user comfort while working. The PA920 received the 2021 Red Dot Design Award for its functionality and design excellence. This product line supports Honeywell's commitment to workplace safety.