Honeywell International, Inc. - HON STOCK NEWS

Honeywell (Nasdaq: HON) has launched its Carbon & Energy Management software, designed to help building owners track and optimize energy use at a device level. This new offering addresses the challenge of measuring sustainability progress amidst growing pressure from stakeholders and regulatory bodies. Commercial buildings contribute significantly to global energy consumption and CO2 emissions. The software utilizes AI and machine learning to autonomously improve energy efficiency and minimize environmental impact, aligning with Honeywell's commitment to achieve carbon neutrality by 2035.

Honeywell's Boeing 757-200 testbed, celebrating 40 years since its 1982 production, remains integral to aerospace innovation. Acquired in 2005, it has been pivotal in testing advanced technologies including turbine engines, avionics, and connectivity systems. With over 800 flight tests and 3,000 hours in the air, it showcases Honeywell's commitment to enhancing safety and efficiency in aviation. Notably, it has traveled to more than 30 countries and is poised to continue its legacy of innovation, ensuring a sustainable future for the industry.

Honeywell (HON) and EnLink Midstream (ENLC) are collaborating to develop carbon capture solutions targeting industrial CO₂ emissions along the Louisiana Gulf Coast. The partnership will leverage Honeywell's advanced carbon capture technology and EnLink's pipeline infrastructure for efficient CO₂ transportation and sequestration. A feasibility study will assess retrofitting Honeywell's Louisiana facilities to integrate this solution. The initiative aligns with Honeywell's commitment to carbon neutrality by 2035, aiming to significantly reduce environmental impacts in a key industrial region.

Honeywell (NASDAQ: HON) will host a live leadership webcast for investors on June 16, 2022, featuring CEO Doug Wright and CFO Mike Stepniak. The session will focus on sustainable building solutions and includes insights from Credit Suisse's John Walsh. The webcast will occur from 11:00 a.m. to 11:45 a.m. EDT, with a replay available for 30 days. Investors can access the webcast and related materials via the Investor Relations section of Honeywell's website.

Honeywell's Flight Management System (FMS) has been selected by Airbus for the A320, A330, and A350 aircraft, enhancing air traffic management. This new FMS offers improved operational efficiency, reliability, and safety, and features connectivity with Electronic Flight Bags (EFB) for enhanced fuel savings. It is 15 times more capable than previous hardware and will allow future enhancements without additional hardware changes. The FMS is expected to enter service by the end of 2026, with a retrofit option planned for existing A320 and A330 fleets.

Honeywell (Nasdaq: HON) announced the Spring 2022 release of the Honeywell Forge Connected Warehouse, enhancing operational efficiency and cost reduction for organizations. The new offering includes two modules: Site Operations for performance tracking and Asset Performance Management for predictive maintenance. This launch follows the introduction of enhancements across other sectors, such as aerospace and smart buildings. These advancements aim to streamline digital transformation and improve asset management, addressing the growing demand for fulfillment performance in logistics environments.

Honeywell (NASDAQ: HON) announced its participation in several investor conferences in May and June 2022. Key executives will present at significant events:

• Vimal Kapur on May 10, 2022, at the Goldman Sachs Industrials and Materials Conference.
• Greg Lewis on May 24, 2022, at the Wolfe Research Global Transportation and Industrials Conference.
• Mike Madsen on June 7, 2022, at the UBS Global Industrials and Transportation Conference.

Webcasts and presentation materials will be available on Honeywell's Investor Relations website.

Honeywell (NASDAQ: HON) reported Q1 2022 sales of $8.4 billion, down 1% year-over-year but at the high end of guidance. EPS was $1.64, with adjusted EPS of $1.91, exceeding expectations. The company deployed $2 billion in capital, including $1 billion for share repurchases. Despite a 260 basis point drop in operating margin due to a $183 million charge from suspended operations in Russia, Honeywell raised its full-year sales guidance to $35.5 billion - $36.4 billion. The backlog increased to $28.5 billion, up 9% year-over-year, indicating strong demand across segments.