Key TakeawaysHoneywell's latest update on its ongoing portfolio review noted the company was considering spinning off its aerospace business.Honeywell explained that it was considering "transformational changes" in the firm.Activist investor Elliott Investment Management, which holds a more than $5 billion stake and has called for a shakeup of the company, said it welcomed the statement. Honeywell International (HON) shares advanced Monday as the conglomerate issued an update on its portfolio review begun ...

Industrial conglomerate Honeywell International Inc (NASDAQ:HON) said it is considering selling its aerospace unit, and expects an update in January after the release of its fourth-quarter earnings results.In response, HON was last seen 1.8% higher at $231.60. The equity is keeping well above $224, a level that it gapped above in early November after activist investor Elliot Investment Management revealed a more than $5 billion stake in Honeywell and initially floated the idea of breaking the company up. Fo ...

CHARLOTTE, N.C., Dec. 16, 2024 /PRNewswire/ -- Honeywell (NASDAQ: HON) announced today that its Board of Directors continues the comprehensive business portfolio evaluation launched earlier this year by Chairman and CEO Vimal Kapur to explore additional strategic alternatives for unlocking shareholder value, including the potential separation of its Aerospace business. The Board has made significant progress to date, and Honeywell plans to provide an update with its fourth quarter 2024 earnings release. "Si ...

25-year contract anchored by Honeywell Forge Enterprise Performance Management software Construction of Victoria's first all-electric hospital supports state's progress to achieving net zero by 2050MELBOURNE, Australia, Dec. 4, 2024 /PRNewswire/ -- Honeywell (NASDAQ: HON) has been selected as the building automation provider for the new Melton Hospital, a 274-bed facility that will be Victoria's first fully electric hospital. Honeywell will help provide comprehensive management for building automation syst ...

CHARLOTTE, N.C., Nov. 26, 2024 /PRNewswire/ -- Honeywell (NASDAQ: HON) today announced an update to the company's participation at the upcoming Goldman Sachs Industrials and Materials Conference.Vimal Kapur, Chairman and Chief Executive Officer of Honeywell, will present instead of Billal Hammoud, President and Chief Executive Officer of Honeywell Building Automation, at the Goldman Sachs Industrials and Materials Conference in New York City on Thursday, December 5, 2024, from 8:00 a.m. - 8:35 a.m. EST.A re ...

Sale enables Honeywell to further simplify and optimize its businesses in alignment with three powerful megatrends: automation, the future of aviation and energy transition Positions Honeywell to continue to deliver profitable growth and strong cash generation, creating compelling long-term value for shareowners.CHARLOTTE, N.C., Nov. 22, 2024 /PRNewswire/ -- Honeywell (NASDAQ: HON) announced today that it has agreed to sell its Personal Protective Equipment (PPE) business to Protective Industrial Products ...

Honeywell International Inc. (HON) has been benefiting from strength in its commercial aviation aftermarket business, driven by solid demand in the air transport and business aviation markets. In the third quarter of 2024, its commercial aviation aftermarket sales increased 8% year over year. Also, solid momentum in the commercial aviation original equipment business, backed by an improvement in build rates and an increase in air transport hours, has been favorable. In the third quarter, sales from this bus ...

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Core Viewpoint - Activist investor Elliott Investment Management LP is advocating for Honeywell International Inc. to spin off its Aerospace Technologies business, arguing that this separation could enhance performance and shareholder value [1][2][10]. Spin-Off Proposal - Elliott proposes that Honeywell be divided into two independent entities: one focused on automation, energy, and sustainability solutions, and the other on aerospace [2][10]. - The separation is expected to create two sector-leading companies, potentially increasing Honeywell's share price by 51% to 75% over the next two years [3][10]. Financial Performance and Market Position - Honeywell's Aerospace segment generated $13.6 billion in sales in 2023, accounting for approximately 37% of total revenue [8]. - The Aerospace division has experienced stagnant sales with a compound annual growth rate (CAGR) of -0.58% from 2018 to 2023, and margins have remained around 28% [9][10]. - Challenges such as supply chain disruptions and geopolitical tensions have impacted the Aerospace segment's performance [9]. Business Structure Post-Separation - Post-separation, the Aerospace business (SpinCo) will focus on products and services including auxiliary power units, propulsion engines, and integrated avionics [4][12]. - The remaining Honeywell (RemainCo) will concentrate on automation and energy transition, structured into three segments: industrial automation, building automation, and energy and sustainability solutions [5][11]. Management Response - Honeywell's management has acknowledged Elliott's views and expressed willingness to discuss the matter further, indicating that they had not been contacted prior to Elliott's letter [6].

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...