Honeywell International Inc (NASDAQ:HON) announced plans to split into three independent companies following pressure from activist investor Elliott Management. The multinational conglomerate intends to separate its aerospace unit from its automation business and move forward with spinning off its advanced materials division.Additionally, the blue-chip firm provided a lighter-than-expected 2025 forecast, projecting adjusted earnings between $10.10 and $10.50 per share, falling short of the FactSet consensus ...

Core Viewpoint - Honeywell International plans to split into three independent companies to enhance strategic focus and financial flexibility, following a trend among conglomerates and pressure from activist investors [2][3][4]. Company Strategy - The separation will involve splitting the aerospace division from the automation business and spinning off the advanced-materials arm, with completion expected by the second half of 2026 [3][4]. - CEO Vimal Kapur emphasized that the breakup aims to create industry-leading companies with tailored growth strategies and significant value for shareholders and customers [4]. Financial Performance - Honeywell reported fourth-quarter revenue of $10.1 billion, reflecting a 7% year-over-year increase, and adjusted earnings per share (EPS) of $2.47, which exceeded Visible Alpha estimates [4]. - However, the reported EPS of $1.96 fell short of forecasts, indicating mixed results for the quarter [4]. - The company projects adjusted EPS for 2025 to be between $10.10 and $10.50, representing a growth of 2% to 6% [4]. Market Context - The breakup announcement follows General Electric's successful three-way split last year, which significantly increased the market value of its separated units [5]. - Honeywell shares have increased by 15% over the past year, indicating positive market sentiment despite the recent volatility in premarket trading [2][5].

Honeywell International Inc. (HON) came out with quarterly earnings of $2.47 per share, beating the Zacks Consensus Estimate of $2.31 per share. This compares to earnings of $2.60 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.93%. A quarter ago, it was expected that this company would post earnings of $2.50 per share when it actually produced earnings of $2.58, delivering a surprise of 3.20%.Over the last four quarters, th ...

Exhibit 99.1 Contacts: Stacey Jones Sean Meakim (980) 378-6258 (704) 627-6200 Media Investor Relations stacey.jones@honeywell.com sean.meakim@honeywell.com HONEYWELL ANNOUNCES FOURTH QUARTER AND FULL YEAR 2024 RESULTS; ISSUES 2025 GUIDANCE CHARLOTTE, N.C., February 6, 2025 -- Honeywell (NASDAQ: HON) today announced results for the fourth quarter and 2024 that met or exceeded the company's updated full-year guidance. The company also provided its outlook for 2025 and separately announced its Board of Directo ...

Honeywell Automation will be a pure play automation leader with global scale and a vast installed base Honeywell Aerospace will be a premier technology and systems provider enabling the future of aviation globally Advanced Materials, previously announced to be spun, will be a leading provider of sustainability-focused specialty chemicals and materials Separation of Automation and Aerospace to be completed in a manner that is tax-free to Honeywell shareholders in the second half of 2026 CHARLOTTE, N.C., Fe ...

Wall Street analysts forecast that Honeywell International Inc. (HON) will report quarterly earnings of $2.37 per share in its upcoming release, pointing to a year-over-year decline of 8.9%. It is anticipated that revenues will amount to $9.92 billion, exhibiting an increase of 5.1% compared to the year-ago quarter.The current level reflects a downward revision of 1.2% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively ...

Honeywell International Inc. (HON) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be relea ...

Company Overview - Honeywell (NASDAQ: HON) has strong growth prospects supported by a healthy backlog and exposure to megatrends in aviation, automation, and energy transition end markets [1] - The Aerospace business is benefiting from an increase in global flight hours, driving aftermarket growth [1] Industry Trends - Aviation, automation, and energy transition are key megatrends supporting Honeywell's growth [1] - The increase in global flight hours is a significant driver for the Aerospace business [1] Investment Strategy - The analyst focuses on medium-term investing in ideas with catalysts to unlock value and drive upside, or short selling in case of downside catalysts [1] - Preference for growth stories available at a reasonable price [1] - The analyst has higher conviction in industrial, consumer, and technology sectors due to professional experience [1]

Honeywell International Inc. (NASDAQ: HON ) is a diversified industrial conglomerate that operates in a variety of industries but has four main segments. Those segments are as follows, Aerospace Technologies, Industrial Automation, Building Automation and Energy and Sustainability Solutions. The company has aI have a masters degree in Analytics from Northwestern University and a bachelors degree in Accounting. I have worked in the investment arena for over 10 years starting as an analyst and working my way ...

Company Performance - Honeywell International Inc. (HON) closed at $219.54, reflecting a +0.48% change, which underperformed the S&P 500's gain of 1.83% on the same day [1] - Over the past month, shares of Honeywell have decreased by 6.28%, compared to a loss of 3.15% in the Conglomerates sector and a 3.31% loss in the S&P 500 [1] Upcoming Earnings Report - Honeywell is set to release its earnings report on February 6, 2025, with projected earnings of $2.31 per share, indicating a year-over-year decline of 11.15% [2] - The Zacks Consensus Estimate for revenue is $9.93 billion, which represents a 5.19% increase from the previous year [2] Analyst Estimates and Market Sentiment - Recent changes in analyst estimates for Honeywell suggest a shifting business landscape, with positive revisions indicating optimism about the company's profitability [3] - The Zacks Rank system, which incorporates these estimate changes, currently ranks Honeywell at 3 (Hold) [5] Valuation Metrics - Honeywell has a Forward P/E ratio of 19.94, which is higher than the industry average of 14.44 [6] - The company’s PEG ratio stands at 2.47, compared to the Diversified Operations industry's average PEG ratio of 1.69 [6] Industry Context - The Diversified Operations industry, part of the Conglomerates sector, has a Zacks Industry Rank of 197, placing it in the bottom 22% of over 250 industries [7] - Research indicates that industries in the top 50% of the Zacks Industry Rank outperform those in the bottom half by a factor of 2 to 1 [7]