Welcome to our dedicated page for Honeywell Intl news (Ticker: HON), a resource for investors and traders seeking the latest updates and insights on Honeywell Intl 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 (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.
Honeywell's Board of Directors has declared a quarterly dividend of $0.98 per share on its common stock. This dividend will be payable on June 3, 2022, to shareholders of record at the close of business on May 13, 2022. As a Fortune 100 technology company, Honeywell focuses on delivering industry-specific solutions across various sectors, including aerospace and building technologies, aiming to create a more connected and sustainable world.
Honeywell (NASDAQ: HON) has been selected by Lockheed Martin Sikorsky-Boeing to provide its GTCP 36-150 auxiliary power units (APUs) and other power technologies for the DEFIANT X® helicopter. This helicopter is a contender in the U.S. Army's Future Long-Range Assault Aircraft (FLRAA) competition. The upgraded APU series incorporates advanced compressor technology and meets U.S. Army performance objectives. With over 10,000 units delivered since 1979, Honeywell's technology is set to enhance the DEFIANT X®, which aims to replace the Sikorsky UH-60 Black Hawk starting in 2030.
FAQ
What is the current stock price of Honeywell Intl (HON)?
What is the market cap of Honeywell Intl (HON)?
What are Honeywell's main business segments?
Where is Honeywell headquartered?
What recent acquisitions has Honeywell made?
How is Honeywell contributing to sustainable aviation fuel?
What innovations are Honeywell implementing in retail operations?
What financial performance did Honeywell report recently?
What are the key trends Honeywell is focusing on?
What is Honeywell Forge?
What is the Honeywell Accelerator operating system?
How is Honeywell addressing battery manufacturing challenges?
