Honeywell International, Inc. - HON STOCK NEWS

Honeywell (NASDAQ: HON) has announced it will release its third quarter financial results before the Nasdaq Stock Market opens on Thursday, October 24. The company will also hold a conference call at 8:30 a.m. EDT on the same day. A real-time audio webcast of the presentation will be available at http://www.honeywell.com/investor, where related materials will be posted prior to the presentation. A replay of the webcast will be available for 30 days following the presentation.

Honeywell is an integrated operating company serving various industries globally, focusing on three megatrends: automation, future of aviation, and energy transition. The company operates through four business segments: Aerospace Technologies, Industrial Automation, Building Automation, and Energy and Sustainability Solutions.

Honeywell (Nasdaq: HON) announced the development of an AI-enabled Multi-Modal Intelligent Agent for Honeywell mobile devices, powered by Qualcomm Technologies. This advanced mobile assistant aims to enhance business operations and customer engagements in the distribution center and retail industries.

The AI agent will allow workers to interact with handheld devices through voice, pictures, and barcodes, providing practical answers to queries about inventory and product locations. Responses will be delivered in various formats, including images, videos, spoken responses, or text.

This technology is designed to help workers complete tasks more efficiently while managing other responsibilities. The solution will be available through a software development kit for integration with existing systems. The Multi-Modal Intelligent Agent is expected to launch in early 2025.

Honeywell (Nasdaq: HON) has announced a collaborative effort with SAMSUNG E&A to jointly market solutions aimed at reducing carbon emissions in the power plant sector globally. The initiative aligns with Honeywell's focus on the energy transition megatrend. SAMSUNG E&A will leverage Honeywell's advanced solvent carbon capture (ASCC) technology to help power plants meet environmental goals.

This collaboration highlights the importance of cooperative approaches in reducing greenhouse gas emissions. Carbon capture, utilization, and storage (CCUS) technologies are seen as important in mitigating environmental impact during the transition from fossil fuels to lower-carbon energy sources. Honeywell estimates that between 2023 and 2030, its CCUS technologies will have a cumulative impact of mitigating 320 million metric tons of CO2e.

Honeywell (NASDAQ: HON) announced a CFO succession plan. Mike Stepniak, currently VP and CFO of Honeywell Aerospace Technologies, will succeed Greg Lewis as Senior VP and CFO after Q4 2024 results. Stepniak brings over 20 years of finance experience in industrial sectors. Lewis, CFO since 2018, will become Senior VP of Honeywell Accelerator and Senior Advisor to CEO Vimal Kapur.

Stepniak's background includes leadership in financial planning, corporate audit, and business transformation. He previously served as CFO of Honeywell Building Technologies. The transition is expected to be seamless, with no changes to Honeywell's performance or outlook. This move reflects the company's commitment to succession planning.

Honeywell (NASDAQ: HON) has completed its acquisition of CAES Systems Holdings for $1.9 billion in an all-cash transaction. This acquisition enhances Honeywell's defense and space portfolio with high-reliability radio frequency technologies, presenting significant opportunities for international growth. Key points:

• Expands Honeywell's defense technology solutions across land, sea, air, and space
• Adds 2,200 skilled employees and highly automated facilities
• Enables increased production and upgraded positions on critical platforms like F-35, EA-18G, AMRAAM, and GMLRS
• Allows introduction of existing offerings on new platforms such as Navy Radar (SPY-6) and UAS/C-UAS technologies

This marks Honeywell's fourth transaction in 2024, aligning with its focus on high-return acquisitions driving future growth across its portfolio.

Honeywell (NASDAQ: HON) has announced its participation in several upcoming investor conferences in September 2024. Key executives will represent the company at various events:

• Jim Currier, President and CEO of Honeywell Aerospace, will present at the Jefferies Industrials Conference in New York City on September 5.

• Greg Lewis, SVP and CFO, will attend the Vertical Research Partners Global Industrials Conference in Connecticut on September 6 and the J.P. Morgan U.S. All Stars Conference in London on September 17.

• Vimal Kapur, CEO of Honeywell, will present at the Morgan Stanley Laguna Conference in California on September 11.

Real-time audio webcasts and related materials will be available on Honeywell's investor website, with replays accessible for 30 days after the presentations.

Honeywell (NASDAQ: HON) has announced a collaboration with Cisco to develop an AI-powered solution that automatically adapts building systems based on real-time occupancy data, aiming to reduce energy consumption and optimize the environment for worker productivity and comfort. The solution combines Honeywell Forge Sustainability+ for Buildings with Cisco Spaces to monitor assets and adjust HVAC systems using AI and machine learning.

This collaboration leverages existing network infrastructure and IoT devices to collect occupancy and environmental data, which is then used to improve energy efficiency and provide insights on building utilization. The system can autonomously adjust room temperatures, lighting, and ventilation based on occupancy and customer-selected controls, helping to automate daily building operations and monitor GHG emissions.

Honeywell (NASDAQ: HON) has launched INNCOM Direct, an energy management system designed for mid-market hotels. This cloud-based solution uses automation to improve energy efficiency, particularly in managing HVAC systems during periods of room vacancy. The system can autonomously adjust temperatures in empty spaces without affecting guest comfort, potentially addressing the 30% vacancy rate in U.S. hotel rooms.

INNCOM Direct extends Honeywell's previously high-end hotel technology to the mid-market segment, offering quick setup and portfolio analytics accessible via mobile devices or dashboards. The launch aligns with Honeywell's focus on automation and energy transition megatrends, providing an affordable option for hotels to reduce their carbon footprint and operational costs.

Honeywell (NASDAQ: HON) has announced a quarterly dividend payment of $1.08 per share on its common stock. The dividend will be payable on September 6, 2024, to shareholders of record as of August 16, 2024. Honeywell, an integrated operating company, serves various industries globally and aligns its business with three megatrends: automation, future of aviation, and energy transition. The company's operations are supported by the Honeywell Accelerator operating system and Honeywell Forge IoT platform. Honeywell's business segments include Aerospace Technologies, Industrial Automation, Building Automation, and Energy and Sustainability Solutions, focusing on providing innovative solutions for a smarter, safer, and more sustainable world.