Honeywell International, Inc. - HON STOCK NEWS

Honeywell (NASDAQ: HON) reported strong Q3 results with an 8% organic sales growth across all segments, led by a remarkable 38% increase in Aerospace commercial aftermarket. The company achieved a segment margin of 21.2%, exceeding guidance, and adjusted earnings per share rose 29% year-over-year to $2.02. Honeywell’s full-year sales guidance is now set between $34.2 billion to $34.6 billion, reflecting supply chain challenges. Despite facing inflation and labor market issues, Honeywell continues to execute a disciplined capital deployment strategy, including a $0.7 billion share repurchase.

Honeywell's (NASDAQ: HON) 30th annual Global Business Aviation Outlook predicts up to 7,400 new business jet deliveries worth $238 billion from 2022 to 2031, marking a 1% increase in deliveries from last year. A significant rise in used jet purchase plans is noted, showing a 12% increase from the previous year. Business operators expect 10% more deliveries in 2022 and anticipate continued growth in business jet usage despite ongoing pandemic challenges. Key trends indicate a strong demand for larger-cabin jets and minimal COVID-19 impact on buying plans.

Honeywell (NASDAQ: HON) is set to release its third-quarter financial results on October 22, 2021, before the Nasdaq opens. A conference call will follow at 8:30 a.m. EDT, where stakeholders can join by dialing (301) 715-8592. A live audio webcast will be available at www.honeywell.com/investor, providing access to presentation materials and a replay for 30 days.

Honeywell (Nasdaq: HON) has launched two Bluetooth-connected gas detectors, the Searchline Excel Plus and Searchline Excel Edge. These devices ensure continuous gas monitoring in inclement weather, enhancing safety in oil, gas, and industrial sectors. They utilize advanced optics and infrared technology, operating effectively even in fog and rain. Bluetooth connectivity facilitates maintenance from a distance, improving worker safety.

On October 5, 2021, Honeywell (NASDAQ: HON) launched the Honeywell Anthem, the aviation industry's first cloud-connected cockpit system. This innovative platform enhances flight operations, safety, and efficiency with its always-on connectivity and intuitive interface. It supports various aircraft types, from commercial to advanced air-mobility vehicles, and aims to promote pilot autonomy by integrating all operational data seamlessly. The system can reduce preflight preparation time by up to 45 minutes and is designed to improve overall situational awareness for pilots through enhanced visualization tools.

Honeywell (HON) has launched a new line of ergonomic headpieces, the Honeywell North® Primair 900 (PA900) Series, designed for face and respiratory protection in demanding work environments such as oil and gas and manufacturing. The PA900 series features lightweight, user-centered design that enhances comfort and safety, promoting compliance among workers. It includes an optimized airflow system, ensuring user comfort while working. The PA920 received the 2021 Red Dot Design Award for its functionality and design excellence. This product line supports Honeywell's commitment to workplace safety.

Honeywell (NASDAQ: HON) announced a cash dividend increase from $3.72 to $3.92 per share, effective from the fourth-quarter dividend of $0.98. The dividend will be payable on December 3, 2021, to shareholders on record as of November 12, 2021. This marks the company's 12th consecutive dividend increase. CEO Darius Adamczyk emphasized Honeywell's strong performance and recovery in its end markets amidst economic challenges.

Honeywell (Nasdaq: HON) launched the Honeywell Forge Worker Assist, a software-as-a-service application designed for deskless workers in various industries, including manufacturing and aviation. This tool enhances efficiency by enabling remote assistance, facilitating collaboration through audio/video communication and file sharing. Implemented at Braskem Idesa's Petrochemical Complex, it bridges communication gaps between teams, supporting workforce productivity and safety. The application is versatile, operable on various devices, and integrates into existing technology infrastructures, aiding in digital transformation.

Honeywell (NASDAQ: HON) has acquired Performix Inc., a manufacturing execution system (MES) software provider for the pharmaceutical and biotech sectors. This acquisition enhances Honeywell's integrated software platform aimed at improving compliance, reliability, and production efficiency in life sciences. The Performix software will complement existing solutions like Sparta Systems' quality management software and is expected to facilitate digital transformation in manufacturing. No financial details were disclosed, and there is no change to Honeywell's financial outlook from this deal.