Honeywell International, Inc. - HON STOCK NEWS

Honeywell (NYSE: HON) reported its fourth-quarter and full-year 2020 results, showing a 6% sales decline in Q4 and an 11% drop for the year. Despite these challenges, the company achieved adjusted earnings per share of $2.07 in Q4, surpassing guidance. Honeywell generated $6.2 billion in operating cash flow and announced a 2021 sales outlook of $33.4-$34.4 billion, reflecting potential organic growth of 1%-4%. The company remains focused on cost management and investments, ending 2020 with $15.2 billion in cash. Honeywell is optimistic about upcoming growth, particularly in defense and automation sectors.

Honeywell (NYSE: HON) has announced the adoption of its Honeywell Forge software by GOL Airlines in Brazil and Sky Regional Airlines in Canada to enhance operational efficiency and reduce fuel costs. GOL Airlines will implement the software across its 138 Boeing 737s, while Sky Regional Airlines will utilize it for its 25 Embraer E175 aircraft. The software streamlines data analysis for better flight path efficiency, superior fuel management, and improved operational decision-making. More than 10,000 aircraft worldwide now leverage Honeywell Forge for increased profitability.

Pittsburgh International Airport has partnered with Honeywell (NYSE: HON) to implement air quality improvement technology at its innovation center, xBridge. This makes it the first U.S. airport to deploy Honeywell's Healthy Buildings dashboard and air quality sensors. The system monitors indoor air quality parameters and enables real-time updates to enhance safety and comfort for passengers and staff. Honeywell Forge software will assist in the efficient maintenance of air filters. This collaboration aims to address public health concerns raised by COVID-19 while improving overall airport operations.

Honeywell (NYSE: HON) is advancing inertial sensor technology with support from DARPA. The new sensors aim to exceed the accuracy of the current HG1930 IMU, used extensively in tactical applications. These MEMS-based sensors promise a precision level over 50 times greater than existing models while maintaining a similar size. The development aligns with DARPA’s PRIGM TIGM program, targeting both military and commercial uses, including urban air mobility. Although commercial release is several years away, Honeywell's longstanding innovation in this space positions it well for future market demands.

Honeywell (NYSE: HON) announced its agreement to sell its performance and lifestyle footwear business to Rocky Brands for approximately $230 million. This divestiture, involving five brands including The Original Muck Boot Company and XTRATUF, is expected to close by the end of Q1 2021. CEO John Waldron highlighted the brands' strong market presence and expressed confidence in Rocky Brands' expertise to enhance their growth. The transaction will not impact Honeywell's financial guidance and continues its focus on core industrial safety footwear products.

Honeywell, Atrium Health, Tepper Sports & Entertainment, and the Charlotte Motor Speedway have formed a partnership with the State of North Carolina, aiming for 1 million COVID-19 vaccinations by July 4, 2021. This initiative, supported by Gov. Roy Cooper, will leverage resources from various organizations to ensure efficient vaccine distribution, particularly for underserved communities. Venues like Bank of America Stadium and Charlotte Motor Speedway will host vaccination events. The collaboration emphasizes the urgency of vaccinating populations to combat the COVID-19 pandemic effectively.

Honeywell (NYSE: HON) has launched a new all-electric Cabin Pressure Control and Monitoring System (CPCMS) for aircraft, focusing on lighter weight, reliability, and cost efficiency. The system weighs under six pounds, 30% lighter than its predecessor, and includes advanced failure detection capabilities. Honeywell secured a contract with Piaggio Aerospace for integration into the P.180 Avanti Evo, with deliveries starting in Q3 2021. The new system enhances passenger comfort through improved pressure management, reflecting Honeywell's 75 years of experience in aerospace technology.

Honeywell (NYSE: HON) will announce its fourth quarter financial results and 2021 outlook on January 29, 2021, before the NYSE opens. A conference call will be held at 8:30 a.m. EST for investors to discuss the results. Participants can join by calling the provided numbers approximately ten minutes before the start time. A replay will be available from January 29 to February 5. The financial update will provide insights into Honeywell’s performance and guidance for the upcoming year.