Honeywell International, Inc. - HON STOCK NEWS

Honeywell (NYSE: HON) reported strong first-quarter results for 2021, achieving sales of $8.5 billion, flat year-over-year, but exceeding the high end of guidance by $250 million. The company raised its full-year sales guidance to $34.0B - $34.8B and adjusted earnings per share expectations to $7.75 - $8.00. Notably, Safety and Productivity Solutions saw a 47% organic sales growth. Despite a decline in Aerospace sales by 22%, segment margins improved in several areas. The company remains committed to sustainable practices, pledging carbon neutrality by 2035.

Honeywell (NYSE: HON) has introduced the HG1125 and HG1126 miniature inertial measurement units (IMUs), designed for commercial and military applications. These robust IMUs can withstand shocks up to 40,000 G-force, making them suitable for high-performance navigation in adverse environments. Catering to a growing market demand, these units employ MEMS technology to provide precise motion measurements. Initial deliveries are expected to commence in June 2021, aligning with Honeywell's longstanding expertise in MEMS-based IMUs.

Honeywell (NYSE: HON) announced that Whole Foods Market will retrofit over 100 stores in the U.S. with its Solstice N40 refrigerant. This initiative, part of the EPA's GreenChill program, aims to significantly reduce refrigerant emissions. Solstice N40 has a global warming potential (GWP) around 68% lower than traditional refrigerants like R-404A and can lead to a 5-15% reduction in energy use. Honeywell's Solstice N40 is now widely adopted globally, with over 30,000 installations since its launch in 2015. This retrofit aligns with sustainability goals and regulatory compliance for Whole Foods.

Honeywell (NYSE: HON) is collaborating with the NFL's Jacksonville Jaguars to enhance safety for players and staff at TIAA Bank Field. This partnership includes implementing air quality monitoring solutions through a custom Healthy Buildings dashboard and providing personal protective equipment (PPE) packs. The dashboard enables facilities staff to monitor critical air quality factors, ensuring a safer work environment. In addition, Honeywell's PPE kits contain masks and cleaning wipes. This initiative aims to support a healthy workplace during ongoing challenges.

Honeywell (NYSE: HON) launched its gas cloud imaging (GCI) system in Europe on April 14, 2021, aimed at continuous monitoring for dangerous gas leaks like methane in industrial facilities. The Mini GCI system offers real-time analytics and early detection, enhancing safety and environmental compliance. This initiative aligns with global climate goals, targeting efficient methane management. Over 25 major clients globally already utilize this technology. Additionally, Honeywell is committed to achieving carbon neutrality in its operations by 2035.

Chevron and Honeywell have launched the world's first commercial-scale ISOALKY process unit in Salt Lake City, utilizing ionic liquids for alkylate production. This innovative technology offers a safer, cost-effective alternative to traditional liquid acid systems, producing a high-octane blending component with a reduced environmental impact. The unit enhances flexibility and can be integrated into new or existing refineries, addressing the global demand for cleaner fuels. This partnership signifies a major advancement in alkylation process technology for the refining industry.

Honeywell has been chosen by Wabash Valley Resources to implement advanced technologies for carbon capture and hydrogen production at its gasification plant in West Terre Haute, Indiana. This initiative aims to capture up to 1.65 million tons of CO2 annually, marking it as one of the largest carbon sequestration projects in the U.S. Honeywell's technologies enhance sustainability efforts by providing clean hydrogen and significantly reducing greenhouse gas emissions. The project's alignment with the U.S. Department of Energy's hydrogen plan positions it to support a rapidly growing hydrogen economy.

Honeywell (NYSE: HON) announced it will release its first-quarter financial results on April 23, 2021, before the market opens. A conference call is scheduled for 8:30 a.m. EDT to discuss these results. Participants can join the call by dialing (800) 263-0877 for domestic or (646) 828-8143 internationally. Replay of the call will be available from 12:30 p.m. EDT on April 23 until April 30. Interested parties can access a webcast of the call at honeywell.com/investor.

Honeywell (NYSE: HON) has announced its commitment to achieve carbon neutrality in its operations and facilities by 2035. This initiative involves investments in energy-saving projects, transition to renewable energy, and completion of capital improvements. The company has already reduced greenhouse gas intensity by over 90% since 2004 and saved $100 million annually through sustainability projects. Honeywell also aims to address indirect emissions in its value chain by enhancing tracking systems and promoting climate solutions.