Honeywell Intl Inc - HON STOCK NEWS

Honeywell (HON) announced plans to separate into three independent public companies through tax-free spinoffs. The separation will create Honeywell Automation ($18B revenue), Honeywell Aerospace ($15B revenue), and Advanced Materials ($4B revenue).

The Automation and Aerospace separation is targeted for completion in the second half of 2026, while Advanced Materials spinoff is expected by end of 2025 or early 2026. Each company will maintain distinct strategies and growth drivers, with enhanced focus on their respective markets.

The company remains committed to deploying at least $25B toward capital expenditures, dividends, share purchases, and acquisitions through 2025. Recent strategic actions include approximately $9B in acquisitions, including Access Solutions from Carrier Global, Civitanavi Systems, CAES Systems, and Air Products' LNG business.

Honeywell (HON) reported Q4 2024 results with sales of $10.1 billion, up 7% year-over-year, and organic sales growth of 2%. Fourth quarter earnings per share reached $1.96, while adjusted EPS was $2.47. The company's backlog grew 11% to a record $35.3 billion.

For full-year 2024, sales increased 5% with operating income growing 5%. The company achieved full-year operating cash flow of $6.1 billion and free cash flow of $4.9 billion. Honeywell deployed $14.6 billion of capital in 2024, including $8.9 billion for acquisitions.

Looking ahead to 2025, Honeywell expects sales between $39.6-40.6 billion with organic sales growth of 2-5%. The company projects adjusted EPS of $10.10-$10.50, representing growth of 2-6%.

In a significant strategic move, Honeywell announced plans to separate its Automation and Aerospace businesses, which, combined with the previously announced Advanced Materials spin-off, will create three independent public companies. The separation is expected to complete in the second half of 2026.

Honeywell (HON) and Verizon have announced a strategic collaboration to launch a bundled managed service solution for retail and logistics companies. The offering combines Honeywell's hardware, software, and services with Verizon's 5G connectivity to streamline retail operations.

The solution, available in early 2025, aims to simplify procurement cycles and enhance business resiliency. Key benefits include simplified procurement through a single point of contact, enhanced 5G connectivity, comprehensive device management, improved operational efficiency, and scalability for businesses of all sizes.

A practical example demonstrates how the bundle can help retailers maintain operations during power outages: a garden center equipped with Honeywell handheld computers, Smart Pay software, and Verizon 5G can continue processing sales even without traditional internet connectivity, preventing revenue loss.

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.