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HONEYWELL ANNUAL SHAREOWNERS MEETING SET FOR MAY 22, 2026
Prnewswire· 2026-03-27 11:00
<!doctype html> <!-- For structured data --> <!-- For language declaration --> HONEYWELL ANNUAL SHAREOWNERS MEETING SET FOR MAY 22, 2026 <!-- Additional Authorable Meta tags --> Accessibility StatementSkip NavigationCHARLOTTE, N.C., March 27, 2026 /PRNewswire/ -- Honeywell (NASDAQ: HON) announced today it will hold its 2026 Annual Shareowners Meeting at 10:30 a.m. EDT on May 22, 2026, in a virtual format at www.virtualshareholdermeeting.com/HON2026. Shareowners of record at the close of business on Friday, ...
HONEYWELL ANNOUNCES PRICING OF ITS DEBT TENDER OFFERS
Prnewswire· 2026-03-20 18:30
Core Viewpoint - Honeywell has announced its debt tender offers for both Dollar and Euro Securities, with a maximum aggregate purchase price of $4.67 billion for Dollar Securities and €2.49 billion for Euro Securities, aimed at purchasing validly tendered securities as of the Early Participation Date [1][12]. Summary by Category Tender Offer Details - The Dollar Tender Offer has a maximum purchase price of $4,670,000,000, while the Euro Tender Offer has an amended maximum purchase price of €2,491,177,677.11 [1]. - The Tender Offers are set to expire at 5:00 p.m. New York City time on April 7, 2026, unless extended or terminated earlier [14]. Securities Information - The total principal amount outstanding for the Dollar Securities is $13,010,452,000, with $7,212,777,000 tendered as of the Early Participation Date [8]. - For Euro Securities, the total principal amount outstanding is €4,900,000,000, with €2,604,051,000 tendered as of the Early Participation Date [11]. Acceptance and Payment - Honeywell expects to accept all Dollar Securities with Acceptance Priority Levels of 1 through 10 and on a pro rata basis for Level 11, using a proration factor of approximately 93% [12]. - All Euro Securities with Acceptance Priority Levels of 1 through 6 that were validly tendered will be accepted [12]. Total Consideration - The "Total Consideration" for each series of Securities includes an early participation amount of $50 per $1,000 principal amount for Dollar Securities and €50 per €1,000 principal amount for Euro Securities [16]. - Holders whose Securities are accepted will also receive accrued and unpaid interest from the most recent interest payment date prior to the applicable Payment Date [16]. Dealer Managers and Agents - Honeywell has retained BofA Securities, Goldman Sachs & Co. LLC, and Morgan Stanley & Co. LLC as Dealer Managers for the Tender Offers [17]. - D.F. King has been appointed as the Information and Tender Agent for the Tender Offers [18].
Honeywell International CEO Reaffirms Outlook, Flags Middle East Shipping Disruptions at Conference
Yahoo Finance· 2026-03-18 08:25
On the Middle East, Kapur said Honeywell’s operations remain largely intact, with 95% of its service personnel still on customer sites. He framed current impacts as “purely tactical,” centered on the ability to ship product into the region, which could shift revenue timing between months. He also said some large long-cycle orders may be delayed in closing, but he does not expect these timing issues to change the company’s annual guide. Kapur described the Middle East as a high single-digit portion of revenu ...
Honeywell International (NasdaqGS:HON) 2026 Conference Transcript
2026-02-18 17:22
Summary of Honeywell International Conference Call Company Overview - **Company**: Honeywell International (NasdaqGS: HON) - **Date**: February 18, 2026 - **Key Speakers**: Vimal Kapur (Chairman and CEO), Mike Stepniak (SVP and CFO) Key Industry Insights Building Automation and Industrial Automation - Strong performance in building automation and industrial automation, particularly in North America, but weaker demand in Europe and China [4][6] - Long cycle businesses, especially in LNG and refining, are experiencing growth, while short cycle catalyst demand in petrochemicals is flat due to excess capacity [6][8] - Orders for long cycle projects are increasing, with significant bookings extending into 2027 and early 2028 [15][19] Market Dynamics - The external market conditions remain stable year-over-year, with no significant changes anticipated [2] - The company is focusing on improving its capacity to meet growing demand, particularly in aerospace and LNG sectors [21] Financial Performance and Guidance - Honeywell expects to maintain a strong financial performance, with guidance for 2026 reflecting continued growth in key segments [8][32] - The company is targeting a pricing increase of 3%-4% for 2026, driven by inflation and new product introductions [63][66] - Free cash flow conversion is projected to be high, with expectations of reaching the high nineties percentage [231] Strategic Initiatives Separation and Focus - The separation of Honeywell into more focused entities is believed to enhance operational efficiency and strategic clarity [22][32] - The company is transitioning to a pure-play automation company, which is expected to yield better growth opportunities [32][80] New Product Introductions (NPI) - New product development is a key growth strategy across all segments, with a focus on building automation and industrial automation [36][46] - The company is investing in R&D and customer co-creation to enhance its product offerings [46] Quantum Computing and AI Integration - Honeywell's quantum computing business, Quantinuum, is gaining traction with significant advancements in hardware and customer interest [98][135] - The integration of AI with quantum computing is seen as a major opportunity for future growth [127][131] Challenges and Risks - The company faces challenges related to inflation, supply chain constraints, and geopolitical factors affecting global operations [233][234] - The demand for catalysts is not linear and can lead to lumpiness in revenue, particularly in the process technology segment [188][190] Conclusion - Honeywell is positioned for growth in 2026, with strong demand in key sectors and a focus on innovation and strategic separation. The company is actively managing challenges related to inflation and supply chain while leveraging new technologies like quantum computing and AI to enhance its offerings and market position.
Jefferies Sees Steady Performance at Honeywell International Inc. (HON), Raises PT to $240
Yahoo Finance· 2026-02-12 01:06
Core Insights - Honeywell International Inc. is recognized as one of the 13 Best Roth IRA Stocks to Buy Now [1] - Jefferies raised its price target for Honeywell to $240 from $220 while maintaining a Hold rating, citing solid quarterly performance with 6% organic growth and a 2026 organic growth guidance of 3% to 6% [2] Financial Performance - In Q4 2025, Honeywell reported strong results with adjusted sales and adjusted EPS exceeding expectations, and a 23% increase in orders [3] - The company's backlog rose to over $37 billion, enhancing management's visibility into future demand [3] Growth Outlook - For 2026, Honeywell is positioned for significant growth in revenue and earnings, attributed to recent portfolio changes, ongoing R&D investments, and a strong backlog [4] - The company has completed the spin-off of Solstice Advanced Materials and anticipates the Aerospace spin-off to close in Q3 2026, with new leadership appointments in place [4] Organizational Changes - Honeywell has reorganized into four segments: Aerospace Technologies, Building Automation, Process Automation and Technology, and Industrial Automation, aiming to simplify operations and improve alignment [5] - Plans are in place to divest Productivity Solutions and Services and Warehouse and Workflow Solutions in the first half of 2026 [5] Innovations and Partnerships - Developments at Quantinuum include raising approximately $840 million at a $10 billion valuation, launching the Helios quantum computer, and expanding partnerships with major companies like NVIDIA and JPMorgan [6] Business Operations - Honeywell operates across various industries and regions, supported by the Honeywell Accelerator operating system and the Honeywell Forge platform, providing solutions in aerospace, building automation, industrial automation, and process technology [7]
Do Wall Street Analysts Like Honeywell International Stock?
Yahoo Finance· 2026-02-10 13:47
Core Viewpoint - Honeywell International Inc. is a diversified technology and manufacturing conglomerate with a market capitalization of $151.34 billion, focusing on aerospace systems, building automation, industrial automation, performance materials, and safety solutions [1] Stock Performance - Over the past 52 weeks, Honeywell's stock has gained 23.7%, outperforming the S&P 500 index, which is up 15.6% during the same period [2][3] - The stock reached a 52-week high of $240.95 on February 9 and is only slightly down from that level [2] Financial Performance - For Q4 of fiscal 2025, Honeywell reported a 6% year-over-year growth in revenue to $9.76 billion, with an 11% organic growth, although this was below Wall Street estimates [4] - Adjusted sales grew 10% year-over-year, and adjusted EPS increased 17% to $2.59, exceeding estimates [4] Backlog and Spin-off Plans - The company ended 2025 with a record backlog exceeding $37 billion and plans to spin off Honeywell Aerospace into an independent publicly traded company in Q3 of 2026 [5] Analyst Expectations - Analysts expect Honeywell's profit to drop 7.6% year-over-year to $2.32 per diluted share for the current quarter, but anticipate a 7.5% increase to $10.51 per diluted share for the current year, followed by an 8.6% growth to $11.41 per diluted share in the next year [6] - Honeywell has a strong track record of surpassing consensus estimates, having topped them in all four trailing quarters [6] Analyst Ratings - Among 23 Wall Street analysts covering Honeywell, the consensus rating is a "Moderate Buy," with 11 "Strong Buy" ratings, one "Moderate Buy," 10 "Holds," and one "Moderate Sell" [7] - The ratings have become more bullish recently, with the number of "Strong Buy" ratings increasing from 10 to 11 [9]
Automated Logic Completes Acquisition of CCG Automation, Expanding Presence in Ohio
Prnewswire· 2026-01-06 14:15
Core Insights - Automated Logic Contracting Services, Inc. (ALCS) has acquired substantially all assets of CCG Automation, Inc., enhancing its position in the building automation market [1][2] - The acquisition aims to strengthen ALCS's footprint in Ohio and leverage CCG's 28 years of expertise in energy services and building automation [2][3] - CCG Automation specializes in designing, installing, and servicing building automation systems across various sectors, including healthcare, education, and commercial real estate [2][3] Company Overview - Automated Logic Corporation provides innovative building-management solutions focused on maximizing energy efficiency and sustainable operations [4] - The company controls and monitors building functions such as heating, air conditioning, and lighting for multiple markets through a network of independent dealers and branch offices [4] - Automated Logic is part of Carrier Global Corporation, a leader in intelligent climate and energy solutions [4]
How Is Honeywell International's Stock Performance Compared to Other Industrials Stocks?
Yahoo Finance· 2025-11-27 11:30
Company Overview - Honeywell International Inc. (HON) has a market cap of $120.6 billion and operates in diversified sectors including aerospace, industrial automation, building automation, and energy and sustainability solutions worldwide [1] - The company is classified as a "large-cap" stock, delivering products and services across various industries from aviation to manufacturing and infrastructure [2] Stock Performance - Honeywell's shares have decreased 16.7% from its 52-week high of $228.04 and have fallen 9.5% over the past three months, which is a more significant decline compared to the Industrial Select Sector SPDR Fund's (XLI) marginal drop [3] - On a year-to-date (YTD) basis, HON stock is down 10.9%, lagging behind XLI's nearly 16% return, and has declined 12.6% over the past 52 weeks compared to XLI's 6.3% return [4] Recent Developments - On October 23, Honeywell shares climbed 6.8% after the company reported Q3 2025 sales of $10.4 billion and adjusted EPS of $2.82, exceeding guidance [5] - The company experienced strong orders growth of 22%, a record backlog, and raised its full-year 2025 adjusted EPS guidance to $10.60 - $10.70, along with an optimistic organic growth outlook [5] Segment Performance - Solid segment performance was noted, particularly a 12% organic growth in Aerospace Technologies and margin expansion in Building Automation [6] Competitive Landscape - Despite Honeywell's weak stock performance, it has lagged behind GE Vernova Inc. (GEV), whose shares surged 79.3% YTD and 74% over the past 52 weeks [6] Analyst Sentiment - Analysts maintain a moderately optimistic outlook for Honeywell, with a consensus rating of "Moderate Buy" from 22 analysts and a mean price target of $240.75, indicating a premium of 26.7% to current levels [7]
Honeywell(HON) - 2025 Q3 - Earnings Call Transcript
2025-10-23 13:32
Financial Data and Key Metrics Changes - Honeywell's organic sales grew 6% year-over-year in Q3 2025, exceeding expectations, with earnings per share (EPS) at $2.86, up 32% from the prior year [17][18] - Adjusted EPS was $2.82, reflecting a 9% year-over-year increase, driven by strong segment profit growth and a lower effective tax rate [18] - Free cash flow for Q3 was $1.5 billion, down 16% from the previous year due to capital expenditure timing and higher working capital [18] Business Line Data and Key Metrics Changes - Aerospace Technologies saw a 12% organic growth, with a book-to-bill ratio of 1.2, although segment margin decreased to 26.1% due to cost inflation [19] - Industrial Automation returned to growth with a 1% organic increase, but segment margin declined to 18.8% due to inflationary pressures [20] - Building Automation achieved a 7% organic sales increase, with margin expanding by 80 basis points year-over-year [21] - Energy and Sustainability Solutions (ESS) experienced a 2% organic decline, with segment margin flat at 24.5% [22] Market Data and Key Metrics Changes - Orders grew 22% organically to $11.9 billion, with strong performance across all segments, indicating a broad-based recovery [17] - North America and the Middle East led regional growth, while Europe saw its fourth consecutive quarter of organic growth [21] Company Strategy and Development Direction - Honeywell is planning to separate its Aerospace segment in 2026, aiming to simplify its structure and enhance operational agility [7][9] - The company is focusing on innovation and R&D investments to drive growth, with a commitment to developing new solutions for customer challenges [5][17] - A new segment structure will be implemented in 2026, reporting four business segments to align with operational strategies [11][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate economic uncertainties and maintain growth momentum into 2026 [35][36] - The anticipated spin-off of Solstice Advanced Materials is expected to impact 2025 sales by $700 million but is seen as a strategic move for long-term value creation [22][23] - Management highlighted the importance of leveraging data to address enterprise-level challenges and improve operational efficiencies [36] Other Important Information - Honeywell's recent divestitures, including the Bendix asbestos liability, are expected to simplify the balance sheet and enhance financial flexibility [10] - The company is actively reviewing strategic alternatives for parts of its portfolio that do not fit its business model [97] Q&A Session Summary Question: What is the outlook for ESS margins in Q4? - Management indicated that ESS margins may see a decline due to mix issues but expect normalization in 2026 as project activity improves [40][44] Question: What is the status of the Industrial Automation segment? - Management noted that while Q3 saw growth, Q4 may experience a decline due to timing variability in larger orders, but they are optimistic about margin expansion in 2026 [48][50] Question: How is the Aerospace division performing regarding destocking? - Management believes that destocking is largely behind them, with expectations for improved growth rates in the fourth quarter and beyond [51] Question: What are the expectations for Building Automation margins? - Management expressed confidence in continued margin expansion for Building Automation, attributing recent performance to a favorable mix of projects and products [57][59] Question: What is the company's pricing strategy moving forward? - Management emphasized a focus on preserving margins while maintaining volume, with expectations for improved pricing strategies in 2026 [75][78]
Will Strength in Building Automation Continue to Drive Honeywell's Growth?
ZACKS· 2025-10-13 17:26
Core Insights - Honeywell International Inc. is experiencing strong growth in its Building Automation segment, driven by increased demand for products and solutions in North America, the Middle East, and India, with organic sales growing 8% year over year in Q2 2025 [1][8] Building Automation Segment Performance - Organic sales from the building products business increased by 9% year over year in Q2 2025, fueled by robust demand for fire, security, and building management systems [2] - The building solutions business also saw a 5% year-over-year sales increase, particularly benefiting from growth in the Middle East [2] - The Building Automation segment recorded healthy order activity, marking the fifth consecutive quarter of year-over-year order growth, indicating sustained customer demand and strong market conditions [3][8] Future Outlook - Honeywell anticipates continued strength in the Building Automation segment, projecting organic sales growth in the mid to high single digits for 2025, supported by rising demand for energy-efficient infrastructure and digital building management systems [4] - Both building products and building solutions businesses are showing steady momentum, positioning the segment for future growth [4] Peer Comparison - Among peers, 3M Company reported a 3.6% year-over-year revenue growth in its Safety and Industrial segment in Q2 2025, driven by strong demand across various markets [5] - Carlisle Companies Incorporated's Construction Materials segment saw a 0.6% year-over-year revenue increase in Q2 2025, benefiting from robust demand in the non-residential construction market [6] Stock Performance and Valuation - Honeywell's shares have gained 0.4% over the past six months, compared to the industry's growth of 2.8% [7] - The company is trading at a forward price-to-earnings ratio of 17.94X, above the industry average of 11.03X, and carries a Value Score of D [10] - The Zacks Consensus Estimate for Honeywell's 2025 earnings has increased by 0.2% over the past 60 days [11]
