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Honeywell International Inc (HON)

HON on New York Consolidated

116.75USD
26 Aug 2016
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Latest Key Developments (Source: Significant Developments)

Honeywell International reaches deal to sell HTSI to KBR for about $300 mln
Friday, 12 Aug 2016 07:13am EDT 

Honeywell International Inc : Honeywell reaches agreement to sell Honeywell Technology Solutions (HTSI) to KBR . Reached deal to sell Honeywell Technology to KBR Inc for approximately $300 million .Honeywell International Inc says there is no impact to Honeywell's financial guidance.  Full Article

Honeywell says enters $1.5 bln 364-day credit agreement - SEC filing
Friday, 5 Aug 2016 04:12pm EDT 

Honeywell International Inc :Says entered into a $1.5 billion 364-day credit agreement with banks, financial institutions - SEC filing.  Full Article

Honeywell and Exxonmobil announce technology licensing agreement with Hainan Handi Sunshine Petrochemical
Wednesday, 3 Aug 2016 09:57am EDT 

Honeywell: Honeywell UOP and Exxonmobil announced a technology licensing agreement with Hainan Handi Sunshine Petrochemical Co Ltd .Honeywell UOP's unicracking technology, Exxonmobil's MSDW catalytic lubes de-waxing technology will be installed at Hainan, China facility.  Full Article

Honeywell sets quarterly dividend of $0.595/shr
Friday, 29 Jul 2016 10:43am EDT 

Honeywell International Inc :Sets regular quarterly dividend of $0.595 per share.  Full Article

Honeywell says weak biz jet demand weighing on aerospace div sales - Conf Call
Friday, 22 Jul 2016 09:24am EDT 

Honeywell International Inc : Says monitoring macro environment in light of Britain's recently announced exit from the EU; says expect minimal near-term impact . Says continue to monitor its European short cycle businesses for any signs of change . Says will continue to be cautious in planning, and remain conservative in terms of cost structure and investments in the EU . Says business jet demand environment is lower than anticipated; says expect this trend to continue in 2H 2016 . Says M&A pipeline still looks "really good"; says have at least 100 companies Honeywell is looking at any one point in time - small ones to big ones . Says tough to predict when those companies would become available for M&A Further company coverage: [HON.N] (Bengaluru Newsroom: +1-646-223-8780).  Full Article

Honeywell Q2 shr $1.66; to split ACS business into two segments
Friday, 22 Jul 2016 06:49am EDT 

Honeywell International Inc : Raising low-end of 2016 EPS guidance range (ex-pension MTM) to $6.60 - $6.70, up 8% - 10% . Honeywell reports second quarter 2016 sales of $10.0 billion, up 2%; earnings up 10% to $1.66 per share; announces split of automation and control solutions business group . Q2 earnings per share $1.66 . Q2 sales $10 billion versus i/b/e/s view $10.13 billion . Q2 earnings per share view $1.64 -- Thomson Reuters I/B/E/S . Q2 segment margin 18.5% versus. 18.4 percent last year . Company is updating its full-year 2016 guidance . Realigning its ACS business segment into two new segments: Home and Building Technologies (HBT) and Safety And Productivity Solutions (SPS) . Qtrly Aerospace sales $3,779 million versus $3,827 million . Honeywell International Inc sees 2016 sales $40.0 bln - $40.6 bln . Honeywell International Inc sees 2016 segment margin 18.9% - 19.3% . Realignment has no impact on Honeywell's historical consolidated financial position, results of operations or cash flows . Honeywell International Inc sees FY earnings per share (ex-pension MTM) $6.60 - $6.70 . Fy2016 earnings per share view $6.66, revenue view $40.64 billion -- Thomson Reuters I/B/E/S . Pension mtm) 18.0% - 18.4% . HBT will be led by Terrence Hahn, who previously ran Honeywell's transportation systems unit for past three years.  Full Article

Honeywell International to acquire Intelligrated for $1.5 bln
Friday, 1 Jul 2016 09:16am EDT 

Honeywell International Inc : Honeywell to acquire Intelligrated, a leader in supply chain and warehouse automation technologies . Deal for $1.5 billion . Intelligrated will be part of sensing and productivity solutions in automation and control solutions business .To acquire privately held, supply chain and warehouse automation leader Intelligrated from a company backed by Permira funds.  Full Article

Honeywell names Darius Adamczyk to succeed Dave Cote as CEO
Tuesday, 28 Jun 2016 04:51pm EDT 

Honeywell International Inc : Cote will continue as executive chairman until company's annual shareowners meeting in April 2018 . After April 2018, Cote will start a five-year consulting and non-compete agreement with Honeywell .Honeywell names Darius Adamczyk to succeed Dave Cote as CEO on March 31, 2017; Cote to serve as executive chairman until annual shareowners meeting in April 2018.  Full Article

Honeywell UOP openes new production line at its catalyst manufacturing facility in Shreveport
Tuesday, 14 Jun 2016 09:57am EDT 

Honeywell International Inc : Honeywell UOP openes a new production line at its catalyst manufacturing facility in Shreveport .Most of plant's production is for export to other countries.  Full Article

Honeywell says to spin off resins and chemicals unit
Thursday, 12 May 2016 08:11am EDT 

Honeywell International Inc : Spin-Off to be completed by early 2017 . No impact to financial guidance . Erin Kane named as president and chief executive officer of Advansix . New company to be named Advansix . Honeywell will file a form 10 relating to transaction with securities and exchange commission shortly . Announced intention to spin off resins and chemicals business into a standalone, publicly-traded co . Upon completion of spin-off, Advansix will be an independent manufacturer of Nylon 6 . Completion of deal subject to certain customary conditions, including, assurance that spin-off of Advansix will be tax-free to shareowners . Shareowners will receive Advansix shares tax-free in addition to Honeywell shares they already own .Honeywell announces plan to spin off resins and chemicals business to shareowners.  Full Article