Honeywell International, Inc. - HON STOCK NEWS

Honeywell has finalized its $4.95 billion acquisition of Carrier's Global Access Solutions business, enhancing its position in the security solutions sector. This acquisition aligns Honeywell with automation and digitalization megatrends, adding brands like LenelS2, Onity, and Supra to its portfolio.

The deal brings 1,200 employees to Honeywell and is expected to be accretive to adjusted earnings per share in the first year. Honeywell forecasts annual sales over $1 billion from this acquisition, boosting its Building Automation segment.

The company updated its 2024 outlook, projecting full-year sales of $38.5 billion to $39.3 billion, with organic growth of 4% to 6%. Segment margin is expected to be 23.8% to 24.1%, and adjusted earnings per share between $10.15 and $10.45. Operating cash flow is projected at $6.7 billion to $7.1 billion, with free cash flow between $5.6 billion and $6 billion.

Honeywell (Nasdaq: HON) announced a partnership with Enel North America to enhance building automation and demand response solutions for commercial and industrial organizations. This collaboration aims to stabilize power grids by automating energy load management to prevent blackouts during peak usage. The partnership leverages Enel's energy portfolio and Honeywell's automation systems, offering benefits such as increased operational efficiency, cost savings, and grid reliability. The initiative aligns with Honeywell's focus on automation, aviation's future, and energy transition, enabling businesses to maximize energy flexibility and revenue potential without out-of-pocket costs.

Honeywell announced its participation at upcoming investor conferences in May. Jim Currier, CEO of Aerospace Technologies, will present at Bank of America's conference on May 14, 2024, and Dave Shilliday, VP of Advanced Air Mobility, will present at Jefferies eVTOL / AAM Summit on May 30, 2024. Real-time webcasts will be available for 30 days.

Honeywell is an integrated operating company aligned with automation, aviation, and energy transition megatrends, offering solutions for complex challenges. For more information, visit www.honeywell.com/newsroom.

Investors can access information on the Investor Relations website. Contact Stacey Jones or Sean Meakim for media or investor inquiries.

Honeywell's 2024 USB Threat Report reveals the growing cyber threat of 'silent residency' in industrial and critical infrastructure facilities. The report emphasizes the risk of 'living off the land' attacks using USB devices to infiltrate control systems, posing severe consequences for operations. Honeywell's findings highlight the increasing sophistication of malware targeting industrial environments, stressing the need for advanced cybersecurity measures to protect assets and data.

Honeywell (NASDAQ: HON) has announced a quarterly dividend payment of $1.08 per share on its common stock, payable on June 7, 2024. The company serves various industries globally and focuses on automation, aviation, and energy transition, offering solutions through its business segments. For more information, visit www.honeywell.com/newsroom.

Honeywell delivered strong first-quarter results exceeding earnings guidance with sales of $9.1 billion, a 3% increase in reported and organic sales, operating margin up 130 basis points to 20.4%, and earnings per share of $2.23. Aerospace Technologies and Energy and Sustainability Solutions saw significant growth. Honeywell's full-year guidance remains positive with sales expected between $38.1 billion to $38.9 billion and adjusted earnings per share between $9.80 to $10.10.

Honeywell announced its hydrocracking technology can produce sustainable aviation fuel (SAF) from biomass, reducing carbon intensity by 90%. The new technology increases SAF production by 3-5%, cuts costs by up to 20%, and reduces waste. DG Fuels will deploy Honeywell's technology in its SAF production plant, aiming to produce 13,000 barrels of SAF daily by 2028.

Honeywell (HON) will release its first quarter financial results and conduct an investor conference call on April 25. The company focuses on automation, aviation, and energy transition, offering solutions for global challenges.

Honeywell (HON) announces the acquisition of Civitanavi Systems S.p.A. to enhance autonomous operations in aircraft and vehicles. The purchase price of €6.30 per share in cash represents a 27.1% premium to Civitanavi's stock price. The transaction, valued at approximately €200 million, is expected to close in the third quarter of 2024, subject to regulatory approvals.