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 (NASDAQ: HON) will announce its first quarter financial results before the market opens on April 29, 2022. A conference call is scheduled for 8:30 a.m. EDT on the same day. Investors can access a real-time audio webcast and related materials at Honeywell Investor Relations, with a replay available for 30 days. Honeywell is a Fortune 100 technology company offering diverse solutions across sectors, focusing on advancements that enhance safety, efficiency, and sustainability.
Honeywell announced the implementation of its Honeywell Forge Workforce Competency at Petroperú's Talara Refinery to enhance workforce training for safer operations. This initiative supports Petroperú's modernization project, investing in digital transformation to improve production capacity and quality. The program includes training simulators and a new Console Operators Competencies Management Program, enabling efficient and effective skill development for operators. This collaboration aims to boost productivity, improve safety, and ensure a competent workforce to manage new control platforms.
Honeywell (Nasdaq: HON) announced that Lincoln Harris, a commercial real estate firm in North Carolina, has implemented its Honeywell Forge Enterprise Performance Management software. This SaaS solution aims to drive digital transformation, reduce operating costs, and enhance building maintenance. The software provides predictive maintenance capabilities to optimize system operations based on real-time and historical data. By offering a centralized dashboard for thousands of data points, Lincoln Harris can proactively manage maintenance, improve sustainability, and enhance occupant experiences across its properties, including the SIX50 building at Legacy Union.
Honeywell (NASDAQ: HON) announced that CEO Mike Madsen and VP Stephane Fymat will present at the Bank of America Space, Transportation, Aviation, and Autos Research Summit in Park City, Utah on March 20, 2022, from 5:30 p.m. to 6:00 p.m. MDT. A live audio webcast of the presentation will be available on Honeywell's investor relations website, with a replay accessible for 30 days post-event. Honeywell is a Fortune 100 technology company providing solutions in aerospace, control technologies, and performance materials, aiming to enhance connectivity and sustainability across industries.
Honeywell (Nasdaq: HON) and Duke Energy Sustainable Solutions (NYSE: DUK) announced a partnership to enhance energy resiliency across the U.S. The collaboration aims to address energy security by developing microgrid solutions that help communities manage power outages and climate disruptions. With increased power interruptions, the alliance will integrate solar, battery storage, and smart city technologies to bolster critical services like water distribution. Honeywell's initiatives under the HEER program will further support the implementation of these sustainable energy solutions.
Honeywell (NASDAQ: HON) announced it will provide an Energy Storage System (ESS) for a 50-megawatt solar park in Northern New Mexico, set for completion in mid-2022. This project aims to power up to 16,000 homes and supports the state’s decarbonization goals. The ESS will include a 20MW system and the Experion® Energy Control System, enhancing asset monitoring and energy management. Backed by performance guarantees, the system allows multiple applications such as peak shaving and backup power. This partnership reflects Honeywell's commitment to renewable energy and innovation.
FREYR Battery (NYSE: FREY) reported its fourth-quarter and full-year 2021 results, including key developments in its clean battery production initiatives. The company signed conditional offtake agreements with Honeywell (NASDAQ: HON) and secured negotiations for additional agreements representing over 150 GWh in demand. FREYR plans to combine its two Gigafactories, increasing capacity to 18 GWh. Despite a net loss of $28 million in Q4 2021, cash reserves stood at $565.6 million. The firm aims to finalize more agreements and push for a Final Investment Decision in 2022.
Honeywell (NASDAQ: HON) announced its participation in various investor events in March 2022. The key events include:
- The 2022 investor conference on March 3, 2022, from 10:00 a.m. to 6:00 p.m. EST in Charlotte, N.C.
- Doug Wright presenting at the Virtual Energy Efficiency and Climate Solutions Day on March 8, 2022, at 1:15 p.m. EST.
- Vimal Kapur at the Bank of America Global Industrials Conference on March 15, 2022, at 9:40 a.m. GMT.
- Darius Adamczyk speaking at the J.P. Morgan Industrials Conference on March 15, 2022, at 8:00 a.m. EDT.
Webcasts will be available for 30 days post-event.
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