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 an integrated operating company with activities spanning aerospace, building automation, industrial automation, process automation and process technology. This news page aggregates company announcements, press releases and market-moving updates drawn from Honeywell’s own communications and regulatory disclosures.
Recent Honeywell news highlights several themes the company emphasizes. In aerospace, Honeywell has announced plans to separate its Aerospace Technologies business into an independent, publicly traded company, and has named leadership for the future Honeywell Aerospace entity. The company has also completed the spin-off of its Advanced Materials business into Solstice Advanced Materials Inc., which now trades on Nasdaq under the symbol SOLS, and continues to provide updates on the strategic realignment of its automation segments.
Honeywell’s news flow also reflects its focus on AI-enabled and data-driven solutions. Press releases describe the Experion Operations Assistant, an AI-assisted control room solution piloted with TotalEnergies at the Port Arthur Refinery, and the Smart Shopping Platform for retailers, developed with Google Cloud and 66degrees, which uses Google’s AI technologies and Honeywell Mobility Edge devices to personalize in-store shopping. Additional announcements cover partnerships such as the integration of Digimarc’s on-scanner software into Honeywell handheld retail scanners to help combat gift card fraud.
Investors and followers of HON stock can use this page to review Honeywell’s earnings announcements, segment realignment updates, spin-off milestones, technology launches, partnerships and governance developments, all based on official company news and related filings.
Honeywell has launched Honeywell Smart Pay, a new contactless payment software solution that transforms mobile computers into secure payment terminals. This service allows businesses to accept payments on-the-spot, enhancing customer experience in retail, parcel delivery, and public transit. Smart Pay eliminates the need for traditional mPOS hardware, significantly reducing costs while maintaining security. Supported by major credit cards covering 85% of global transaction volume, the platform was developed in collaboration with Amadis, ensuring high-level security compliance for payments.
Honeywell (NASDAQ: HON) is set to participate in key investor events in November 2022. CEO Doug Wright will present at the Baird Global Industrial Conference on November 8 in Chicago. A leadership webcast featuring Darius Adamczyk and other executives will occur on November 18. Additionally, CFO Greg Lewis will present at the Credit Suisse 10th Annual Global Industrials Conference on November 30 in Palm Beach, Florida. Audio webcasts will be accessible on Honeywell's Investor Relations website.
Honeywell and Aramco have established a joint venture (JV) to provide business process automation solutions under the Aramco Namaat Industrial Investments Program. This JV aims to enhance productivity, sustainability, and operational excellence for industrial sectors. Utilizing Aramco's Plant.Digital platform and Honeywell's technology, the JV is expected to create over 300 jobs in Saudi Arabia within five years. The collaboration supports Saudi Vision 2030, focusing on economic growth through digital transformation in the industry.
Honeywell (NASDAQ: HON) reported strong third-quarter results, exceeding guidance with a 27% increase in earnings per share to $2.28. Operating cash flow surged 86% to $2.1 billion, and free cash flow rose 108% to $1.9 billion. The company raised full-year guidance for organic sales growth to 6% - 7% and adjusted EPS to $8.70 - $8.80. Notably, segment revenues grew by 6%, with double-digit organic growth in several segments, including Aerospace and Building Technologies, despite challenges in supply chains.
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Honeywell's 31st annual Global Business Aviation Outlook forecasts robust growth with up to 8,500 new business jet deliveries valued at $274 billion over the next decade, marking a 15% increase in both deliveries and expenditures from last year. Projected new deliveries in 2023 are estimated to be 17% higher than in 2022, while expenditures may rise by 20%. The demand is driven by first-time users and heightened interest in sustainability, with half of operators implementing methods to reduce carbon footprints.
Honeywell (HON) launched the Smart City Accelerator Program in collaboration with Accelerator for America, aiming to enhance smart city growth in five selected U.S. cities: Cleveland, Louisville, Kansas City, San Diego, and Waterloo. This initiative will provide technical support for developing Smart City Strategic Plans, focusing on climate resiliency, public safety, and improved service delivery. Each city will also receive assistance in applying for federal grants to implement their projects, aiding in the modernization of urban infrastructure and enhancing residents' quality of life.
Honeywell (Nasdaq: HON) has partnered with Tractor Supply Company (Nasdaq: TSCO) to enhance operations in over 2,000 stores across the U.S. by deploying Honeywell's CT40XP mobile computers and Operational Intelligence Professional software. This implementation has boosted productivity, improved inventory accuracy, and reduced the average propane refill time by 93%, from seven minutes to 30 seconds. The initiative aims to streamline customer experiences and empower Team Members, ultimately fostering stronger customer relationships and operational efficiencies.
Honeywell has unveiled an innovative ethanol-to-jet fuel (ETJ) processing technology that converts various ethanol sources into sustainable aviation fuel (SAF). This new method can achieve up to an 80% reduction in greenhouse gas emissions compared to petroleum-based jet fuel. The modular design helps lower capital costs and accelerates production timelines. Given the rising demand for SAF, this technology positions Honeywell favorably as it aligns with global initiatives aimed at meeting 2030 SAF mandates.
Honeywell has launched its first large-scale facility in Baton Rouge for manufacturing Solstice Air, a near-zero global-warming-potential (GWP) medical propellant for inhalers. AstraZeneca plans to use this technology in respiratory medications, starting with their triple-combination therapy, pending regulatory approval. This collaboration emphasizes both healthcare innovation and sustainability. Honeywell has invested over $1 billion in this technology, which has already prevented the release of 295 million metric tons of carbon dioxide, aligning with its commitment to carbon neutrality by 2035.