Welcome to our dedicated page for Honeywell International news (Ticker: HON), a resource for investors and traders seeking the latest updates and insights on Honeywell International stock.
Honeywell International Inc. (NASDAQ: HON) is a leading American multinational conglomerate headquartered in Charlotte, North Carolina. The company operates across four main sectors: Aerospace, Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. Established in 1885, Honeywell has evolved into a global giant known for its innovative and diverse range of products and services.
Aerospace: Honeywell's aerospace segment provides advanced avionics, aircraft engines, and related systems. A recent highlight includes the acquisition of Civitanavi Systems S.p.A., enhancing Honeywell's capabilities in autonomous operations for aircraft and other vehicles.
Building Technologies: This division focuses on integrated automation solutions for buildings, including fire, security, and energy-efficient systems. The recent purchase of Carrier Global Corporation's security business, Global Access Solutions, further strengthens its portfolio in this sector.
Performance Materials and Technologies: This segment offers high-performance materials, process technologies, and automation solutions. Honeywell's innovative hydrocracking technology is now being used to produce sustainable aviation fuel (SAF), significantly reducing carbon emissions.
Safety and Productivity Solutions: Honeywell provides productivity-enhancing software, including its newly updated Guided Work Solutions, which now integrates AI and machine learning to improve retail operations. The company’s Battery Manufacturing Excellence Platform (Battery MXP) is another AI-powered solution aimed at optimizing gigafactory operations.
Honeywell's financial performance remains robust, with steady sales growth and a strong balance sheet. Recent quarterly results show a year-over-year sales increase of 3%, driven by growth in its Aerospace and Energy and Sustainability Solutions segments. The company is actively embracing three major trends: automation, the future of aviation, and energy transition, supported by its Honeywell Accelerator operating system and Honeywell Connected Enterprise software platform.
Honeywell (NASDAQ: HON) announced that CEO Mike Madsen will present virtually at the Jefferies eVTOL Summit on March 28, 2023, from 3:20 p.m. - 4:00 p.m. EDT. This presentation will be accessible via a real-time audio webcast on Honeywell's Investor Relations page, which will also host related materials prior to the event. A replay will be available for 30 days post-presentation. Honeywell specializes in aerospace products, building control technologies, and performance materials, striving to create a smarter, safer, and more sustainable world.
Honeywell has appointed Vimal Kapur as its new CEO, effective June 1, 2023, succeeding Darius Adamczyk, who will transition to Executive Chairman. Under Adamczyk's leadership, Honeywell's market capitalization rose from $88 billion in 2016 to $145 billion in 2022, achieving a 9% CAGR. Kapur, who has 34 years of experience at Honeywell, previously served as President and COO and is credited with driving sustainability initiatives and digital transformation. His leadership is expected to further enhance Honeywell's competitiveness and operational performance.
Honeywell (HON) has launched the NOTIFIER INSPIRE™ fire alarm system featuring the first UL-approved self-testing smoke detectors. This innovative system automates testing and maintenance, enhancing safety and compliance for building managers and service providers. The system integrates with Honeywell's Connected Life Safety Services platform, offering real-time system visibility and digital self-testing tools, which streamline operations and improve efficiency. The product emphasizes modularity for easy upgrades, reduces maintenance needs, and facilitates compliance with regulations.
Hudson County, N.J., has partnered with Honeywell (Nasdaq: HON) to create a smart community strategic plan. This initiative aims to boost resident engagement, enhance community resilience, improve public safety, and optimize traffic management. The project represents one of the first smart county initiatives in the U.S., focusing on modernizing infrastructure for sustainability and efficiency.
The plan includes developing a strategic outline and pursuing federal grants for funding. Key objectives are to streamline county operations, enhance service delivery, and prepare for future demands like fleet electrification, ultimately enhancing the quality of life for residents.
Honeywell (NASDAQ: HON) announced its involvement in two major investor conferences in March 2023. The first presentation will take place at the J.P. Morgan Industrials Conference in New York City on March 14, featuring CEO Darius Adamczyk and COO Vimal Kapur, scheduled from 8:00 a.m. to 8:40 a.m. EDT. The second event is the BofA Global Research Global Industrials Conference in London on March 21, with Honeywell Aerospace CEO Mike Madsen presenting from 8:00 a.m. to 8:40 a.m. GMT (4:00 - 4:40 a.m. EDT). Webcasts will be available live and can be accessed for 30 days post-presentation on Honeywell's Investor Relations website.
On February 13, 2023, Honeywell (NASDAQ: HON) announced an upcoming live leadership webcast for investors focused on decarbonization. The event will take place on March 6, 2023, from 10:00 a.m. - 10:45 a.m. EST. Featured speakers include Anne Madden, Suresh Venkatarayalu, Evan van Hook, and Gavin Towler. The discussion will be moderated by Savita Subramanian and Andrew Obin from Bank of America. A live webcast and related materials will be accessible on Honeywell’s Investor Relations website, with a replay available for 30 days post-event.
Honeywell (NASDAQ: HON) has scheduled its 2023 Annual Shareowners Meeting for May 19, 2023, at 10:30 a.m. EDT, to be held virtually. Shareowners of record by March 24, 2023, will be eligible to vote. The meeting will address Honeywell's industry-specific solutions, which include aerospace products, building technologies, and performance materials aimed at enhancing connectivity and sustainability.
The company emphasizes its commitment to advancing technologies that improve safety and efficiency across various sectors. More information is available on Honeywell's official website.
Honeywell has declared a quarterly dividend of $1.03 per share on its common stock. This dividend will be paid on March 10, 2023, to shareholders on record as of February 24, 2023. The decision reflects Honeywell's commitment to providing returns to its investors while supporting its diverse portfolio of industry-specific solutions, including aerospace and building technologies. Such actions may signal strong operational performance and confidence in future growth.
Honeywell (NASDAQ: HON) announced its participation in two investor conferences in Miami, Florida, on February 21 and 22, 2023. Senior Vice President and CFO Greg Lewis will present at Citi's Global Industrial Tech and Mobility Conference on February 21, from 8:00 a.m. to 8:40 a.m. EST, and at the Barclays Industrial Select Conference on February 22, from 8:00 a.m. to 8:30 a.m. EST. Real-time audio webcasts of both presentations will be available at honeywell.com/investor, along with related materials and a 30-day replay option.
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