Honeywell International, Inc. - HON STOCK NEWS

Honeywell (NASDAQ: HON) will release its fourth quarter financial results and 2025 outlook on Thursday, February 6, before the Nasdaq Stock Market opens. The company will host a conference call at 8:30 a.m. EST to discuss these updates. This announcement follows Honeywell's previous communication on December 16, 2024, regarding an update on its strategic alternatives review, which will be provided with the fourth quarter earnings release.

A real-time audio webcast of the presentation will be accessible at http://www.honeywell.com/investor. Related materials will be posted before the presentation, and a replay will be available for 30 days.

Honeywell operates across various industries worldwide, focusing on three megatrends: automation, future of aviation, and energy transition, supported by the Honeywell Accelerator operating system and Honeywell Forge IoT platform. The company delivers solutions through its Aerospace Technologies, Industrial Automation, Building Automation, and Energy and Sustainability Solutions segments.

For more information, please visit Honeywell's newsroom.

Honeywell's AI in Retail Survey reveals that over 80% of retailers plan to increase their AI and automation capabilities in 2025, with 35% planning significant investments. The survey, which polled 100 U.S. retail executives and 1,000 consumers, highlights retailers' focus on addressing key operational challenges through AI implementation.

Key findings show that more than half of retail leaders report AI improving employee retention, with 52% believing it helps career progression. About 60% of executives say AI tools make jobs easier, while 55% note increased job satisfaction. On the consumer side, 66% of surveyed shoppers have used AI while shopping, primarily for price comparison (53%), checking product availability (41%), and streamlining checkout (34%).

Honeywell (HON) and NXP Semiconductors announced an expanded partnership at CES 2025 to accelerate aviation product development and advance autonomous flight capabilities. The collaboration combines Honeywell's aerospace expertise and Anthem avionics with NXP's high-performance computing architecture.

The partnership will focus on developing large-area cockpit displays with improved visual clarity and system efficiency, while streamlining migrations to newer avionic technologies. Honeywell Anthem, powered by NXP's i.MX 8 applications processors, will deliver faster data processing for real-time AI-driven insights, enhancing safety and optimizing flight performance.

Vertical Aerospace, an early adopter, will implement this technology in their VX4 eVTOL aircraft. The collaboration builds upon the companies' existing relationship in building automation systems, announced at CES 2024, and extends to include AI and machine learning applications in building controllers.

Honeywell (NASDAQ: HON) has announced that Stacey Bernards, currently Vice President Government Relations for Energy and Sustainability Solutions, will be promoted to Senior Vice President, Head of Global Government Relations effective March 1, 2025. She will succeed Jim Carroll, who will retire from Honeywell in 2025 after serving since 2017.

Bernards, who joined Honeywell in November 2011, brings extensive experience from both private sector and government, including a 12-year career on Capitol Hill. In her Honeywell tenure, she has led Government Relations across various regions including Europe, Middle East, Africa, India, High Growth Regions, and LATAM, as well as for Honeywell Building Technologies and Energy and Sustainability Solutions Business.

Carroll will remain as Senior Advisor through May 2025 to support the transition. Bernards will report to Anne Madden, Senior Vice President and General Counsel.

Elliott Investment Management has released a statement supporting Honeywell's announcement of its strategic review, which includes the potential separation of its Aerospace business. Elliott's Partner Marc Steinberg and Managing Partner Jesse Cohn expressed confidence in the portfolio transformation being led by Vimal and his team, stating it represents the right direction for Honeywell. They anticipate the review's completion and pledged support for Honeywell's efforts to maximize its value.

Honeywell (NASDAQ: HON) announced its Board of Directors is continuing a comprehensive portfolio evaluation to explore strategic alternatives for enhancing shareholder value, including a potential separation of its Aerospace business. The company plans to provide an update with its Q4 2024 earnings release.

Since December 2023, Honeywell has executed several strategic moves, including approximately $9 billion in acquisitions such as Carrier's Access Solutions business, Civitanavi Systems, CAES Systems, and Air Products' LNG business. The company also announced plans to spin off its Advanced Materials business and divest its Personal Protective Equipment business.

These actions follow Honeywell's January alignment to three megatrends: Automation, Future of Aviation, and Energy Transition.

Honeywell announced that Avianca, Colombia's largest airline, has selected its portfolio of avionics technologies and mechanical systems for their new Airbus A320neo fleet. The agreement includes providing 131-9A auxiliary power units (APUs) for Avianca's 138 new aircraft, along with advanced cockpit technologies to enhance operational efficiency and pilot situational awareness.

The selected technologies include the Pegasus II A320 Flight Management System, IntuVue RDR-4000 3D Weather Radar System, Traffic Collision Avoidance System, Integrated Multi-Mode Receiver, and Enhanced Ground Proximity Warning System. These systems will help improve navigation, weather detection, collision avoidance, and terrain awareness.

Honeywell has been selected to provide building automation for the new Melton Hospital, Victoria's first fully electric 274-bed facility. Under a 25-year contract, Honeywell will implement its building management solutions, including Honeywell Forge Enterprise Performance Management software, to optimize energy and operational efficiency.

The integration of Honeywell Forge will enable condition-based maintenance, improve system resiliency, and reduce energy costs through machine learning capabilities. The hospital will feature a 24-hour emergency department, ambulatory care, maternity, neonatal, mental health, and radiology services, along with an education hub.

The project is being delivered as a public-private partnership between Western Health and the Exemplar Health consortium, supporting Victoria's goal of achieving net zero by 2050.

Honeywell has signed a strategic agreement with Bombardier to provide advanced technology for current and future aircraft, including avionics, propulsion, and satellite communications technologies. The partnership, valued at $17 billion over its lifetime, will focus on developing Honeywell Anthem avionics and next-generation HTF7K engines. However, due to required investments, Honeywell has updated its 2024 outlook, reducing its sales guidance to $38.2B-$38.4B (down $0.4B), adjusted EPS to $9.68-$9.78 (down $0.47), and free cash flow to $4.6B-$4.9B (down $0.5B). The agreement also resolves all pending litigation between the companies.