Honeywell International has entered into an agreement with Resideo Technologies, Inc. to terminate the Indemnification and Reimbursement Agreement, which was originally established during Resideo's spin-off from Honeywell in 2018. Under the new agreement, Resideo will make a one-time cash payment of $1.59 billion to Honeywell, effectively replacing future payments that would have been made under the original agreement. This payment is expected to be completed by August 29, 2025, with provisions for an extension to October 30, 2025, if necessary.
Additionally, Honeywell's Board of Directors has amended the company's by-laws to include a new section regarding the designation of a Senior Management Official in relation to the United States National Industrial Security Program. This amendment took effect on July 25, 2025. The changes in financial obligations and governance may have implications for Honeywell's financial position and operational framework moving forward.
linkJul 30, 2025 08:01:39
Honeywell International Inc. reported second-quarter 2025 earnings with sales of $10.4 billion, reflecting an 8% increase compared to the previous year. The company achieved earnings per share of $2.45, a 4% year-over-year rise, and adjusted earnings per share of $2.75, up 10% year-over-year. This performance exceeded the high end of the company's prior guidance. The company also raised its full-year organic growth and adjusted earnings per share guidance, expecting sales between $40.8 billion and $41.3 billion and adjusted earnings per share between $10.45 and $10.65. Operating cash flow was reported at $1.3 billion, down 4% year-over-year, while free cash flow was $1.0 billion, down 9% year-over-year.
In addition to the financial results, Honeywell announced strategic actions including the closure of a $2.2 billion acquisition of Sundyne and the planned acquisition of Johnson Matthey's Catalyst Technologies business for £1.8 billion. The company is also evaluating strategic alternatives for its Productivity Solutions and Services and Warehouse and Workflow Solutions businesses as part of a broader portfolio review. Honeywell aims to separate into three publicly-listed companies by 2026, which is expected to streamline operations and enhance shareholder value.
linkJul 24, 2025 06:10:26
Honeywell has elected Marc Steinberg to its Board of Directors as an independent Director and Audit Committee member, effective May 31, 2025. Steinberg is a Partner at Elliott Investment Management and has extensive experience in public and private equity investments across various industries, including industrials. His background includes roles in capital markets, corporate finance, and mergers and acquisitions, which are expected to contribute valuable insights to the board.
Steinberg has expressed a commitment to working with Honeywell's leadership to execute a separation into three independent companies, aiming to drive operational improvements and create value for shareholders. He currently serves on the boards of Etsy, Inc., Pinterest, Inc., and other private companies. His appointment is seen as a strategic move that may influence Honeywell's direction and performance in the market.
linkMay 28, 2025 07:04:24
The company has submitted financial statements and exhibits as part of its report, in compliance with the Securities Exchange Act of 1934. The report has been officially signed by Su Ping Lu, who is authorized to act on behalf of the company.
linkMay 07, 2025 19:49:05
Honeywell reported first-quarter sales of $9.8 billion, showing an 8% increase year-over-year, and exceeding previous guidance. Earnings per share were $2.22, with adjusted earnings per share rising to $2.51, surpassing expectations by 26 cents. The backlog grew by 8%, driven by strong performance in building automation and energy solutions. The company has deployed $2.9 billion in capital for share repurchases, dividends, and capital expenditures, and announced a $2.2 billion acquisition of Sundyne.
For the full year, Honeywell maintained its organic growth guidance and raised its adjusted earnings per share guidance to a range of $10.20 to $10.50. Full-year sales are now projected to be between $39.6 billion and $40.5 billion, with expected segment margins between 23.2% and 23.5%. The company is also moving forward with its planned separation of the Automation and Aerospace businesses, aiming to create three publicly-listed companies by the second half of 2026.
linkApr 29, 2025 06:05:55
Honeywell has confirmed the appointment of Anne T. Madden as Senior Vice President, Portfolio Transformation and Senior Advisor, effective May 5, 2025. Madden's annual base salary will be $750,000, with an annual incentive compensation opportunity of 100% of her salary. Starting in 2026, she will also be eligible for long-term incentive awards valued at $2,000,000. Additional benefits include coverage under the Severance Plan, which offers 18 months of salary continuation if her employment ends involuntarily without cause, and excess liability insurance coverage.
However, the offer includes several contingencies and requirements. Madden must adhere to Honeywell's Stock Ownership Guidelines and execute agreements related to intellectual property and non-competition. The company retains the right to modify benefits and compensation packages at its discretion. Additionally, employment is on an
linkApr 08, 2025 17:06:34
Honeywell has announced the election of Stephen Williamson to its Board of Directors, effective April 1, 2025. Williamson, who is currently the Senior Vice President and Chief Financial Officer of Thermo Fisher Scientific, brings extensive financial expertise and international business experience, which Honeywell believes will be valuable as it pursues growth and innovation. His previous roles within Thermo Fisher and Honeywell highlight his deep background in finance and management.
While the appointment of Williamson is a notable development for Honeywell, the press release also includes a caution regarding forward-looking statements and the potential risks associated with future performance. It notes that various macroeconomic and geopolitical factors, such as inflation and regional conflicts, could impact the company's performance in both the near and long term.
linkApr 01, 2025 08:36:16
The company has submitted its financial statements and exhibits as part of a report to comply with the Securities Exchange Act of 1934. This filing includes a signature from Su Ping Lu, the Vice President and Corporate Secretary, confirming the report's authenticity.
No specific financial metrics or changes were detailed in the press release, focusing instead on the procedural aspects of the filing and the authorization by the corporate officer.
linkMar 17, 2025 16:22:58
On the downside, Honeywell experienced a decline in adjusted earnings per share, which fell 8% year-over-year due to the impact of a strategic agreement with Bombardier. Segment profit decreased 8% to $2.1 billion, and segment margin contracted by 350 basis points to 20.9%. Operating cash flow and free cash flow also saw significant drops, with declines of 23% and 27%, respectively. In its Industrial Automation segment, sales were flat, and segment profit fell 11%, indicating challenges in that area. The company also faced cost inflation and other pressures impacting its margins across several segments.
linkFeb 06, 2025 06:04:00
Honeywell has signed a significant agreement with Bombardier to collaborate on advanced aviation technologies, including avionics and satellite communications. This partnership is projected to generate up to $17 billion in revenue for Honeywell over its duration and aims to enhance safety and efficiency for Bombardier aircraft. Additionally, all past legal disputes between the two companies have been resolved, which may foster a smoother collaboration moving forward.
However, the agreement has led Honeywell to revise its financial outlook for 2024, resulting in lower sales and earnings estimates. The updated guidance indicates a decrease in projected sales by $0.4 billion, adjusted earnings per share lowered by $0.47, and a reduction in free cash flow expectations. These adjustments reflect the necessary investments related to the new partnership, which may impact short-term financial performance.
linkDec 02, 2024 16:14:50