Honeywell Closes Acquisition Of Carrier's Global Access Solutions Unit; Boosts FY24 Profit Outlook

RTTNews | 329 days ago
Stocktwits
Honeywell Closes Acquisition Of Carrier's Global Access Solutions Unit; Boosts FY24 Profit Outlook

(RTTNews) - Honeywell International Inc. (HON) announced Monday the completion of its acquisition of Carrier Global Corp.'s (CARR) Global Access Solutions business for $4.95 billion.

The acquisition positions Honeywell as a leading provider of security solutions for the digital age with opportunities for accelerated innovation in the fast-growing, cloud-based services and solutions space.

Global Access Solutions enhances Honeywell's Building Automation business model of leading with high-value products that are critical for buildings.

This transaction also strengthens Honeywell's alignment of its portfolio around three compelling megatrends, including automation, and complements Honeywell's Building Automation segment.

The transaction is expected to be adjusted earnings per share accretive in the first full year of ownership.

As a result of the acquisition closing, Honeywell has updated its full-year sales and adjusted earnings per share guidance.

For fiscal 2024, the company now projects adjusted earnings in a range of $10.15 to $10.45 per share on sales between $38.5 billion and $39.3 billion, with organic sales growth of 4 to 6 percent.

Previously, the company expected adjusted earnings in a range of $9.80 to $10.10 per share on sales between $38.1 billion and $39.9 billion, with organic sales growth of 4 to 6 percent.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $9.93 per share on revenues of $38.45 billion for the year. Analysts' estimates typically exclude special items.

Tags: HON CARR
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Honeywell Recalls Fendall 2000 Non-Sterile Eyewash Cartridges

Honeywell Recalls Fendall 2000 Non-Sterile Eyewash Cartridges

Honeywell Safety Products USA, Inc., affiliated to conglomerate Honeywell International Inc., has recalled Fendall 2000 Non-Sterile Eyewash Cartridge for the Fendall 2000 Eyewash Station, according to the U.S. Food and Drug Administration. The recall was initiated due to a lack of appropriate policies and procedures by Honeywell's supplier, which has been found to be non-compliant with current go
RTTNews | 385 days ago
CPSC Recalls: Textron Vehicles, Honeywell Fire Alarm Sounders, Boilers

CPSC Recalls: Textron Vehicles, Honeywell Fire Alarm Sounders, Boilers

The U.S. Consumer Product Safety Commission or CPSC has announced recalls including Textron Specialized Vehicles' light utility vehicles, Honeywell International Inc.'s Fire Alarm Sounders and Strobes, as well as U.S. Boiler Co. LLC's Gas-Fired Hot Water Residential Boilers, citing various reasons. Textron's light utility vehicles were called for fire risk...
RTTNews | 409 days ago
Honeywell Boosts FY23 Outlook As Q2 Profit Tops Estimates

Honeywell Boosts FY23 Outlook As Q2 Profit Tops Estimates

While reporting financial results for the second quarter on Thursday, technology company Honeywell international, Inc. (HON) raised its adjusted earnings and sales guidance for the full-year 2023, based on the second-quarter performance and management's outlook for the remainder of the year.
RTTNews | 641 days ago
European Shares Edge Higher In Cautious Trade

European Shares Edge Higher In Cautious Trade

European stocks traded higher on Monday as tariff tensions eased and investors looked ahead to a busy week of earnings, with four of the Magnificent Seven companies— Amazon, Apple, Meta Platforms and Microsoft — due to report their quarterly results.
RTTNews | 12 minutes ago
European Shares Seen Opening Up In Cautious Trade

European Shares Seen Opening Up In Cautious Trade

European stocks are likely to open on a steady note Monday after U.S. stocks posted their longest advance in three months on Friday amid signs of easing trade tensions and bets the Federal Reserve will cut interest rates as early as June, as the American economy softens.
RTTNews | 3h 36min ago
Sensex, Nifty Follow Global Peers Higher

Sensex, Nifty Follow Global Peers Higher

Indian shares were trading higher on Monday, tracking firm cues from global markets. The benchmark S&P/BSE was up 548 points, or 0.7 percent, at 79,760 despite rising tensions between India and Pakistan, triggered by the Pahalgam terror attack.
RTTNews | 4h 53min ago
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