Edition:
India

Honeywell International Inc (HON.N)

HON.N on New York Stock Exchange

145.16USD
10:26pm IST
Change (% chg)

$-2.31 (-1.57%)
Prev Close
$147.47
Open
$145.41
Day's High
$146.76
Day's Low
$144.15
Volume
171,169
Avg. Vol
733,099
52-wk High
$167.72
52-wk Low
$139.35

Latest Key Developments (Source: Significant Developments)

Garrett Motion on SEC's Investigation Into Honeywell's Prior Accounting
Monday, 22 Oct 2018 

Oct 22 (Reuters) - Garrett Motion Inc ::GARRETT MOTION - PRIOR TO HONEYWELL FORM 10-Q FILING WITH SEC, MANAGEMENT WAS NOT AWARE OF SEC'S INVESTIGATION INTO HONEYWELL'S PRIOR ACCOUNTING - SEC FILING.  Full Article

Honeywell Expects Tariff Related Costs To Pressure Margins In 2019 - Conf Call
Friday, 19 Oct 2018 

Oct 19 (Reuters) - Honeywell International Inc ::HONEYWELL SAYS IN Q3 FUNDED ABOUT $70 MILLION IN NEW RESTRUCTURING PROJECTS AIMED AT IMPROVING COST STRUCTURE- CONF CALL.HONEYWELL ANTICIPATES CONTINUED MACRO STRENGTH ACROSS MAJOR END MARKETS IN 2019 - CONF CALL.HONEYWELL SEES CONTINUED DEMAND IN 2019 IN E-COMMERCE, COMMERCIAL AVIATION, DEFENSE, AND PROCESS AUTOMATION - CONF CALL.HONEYWELL SAYS TARIFF RELATED COSTS COULD PUT SOME PRESSURE ON MARGIN EXPANSION IN 2019- CONF CALL.HONEYWELL SAYS CO CONTINUES TO ADDRESS ANY COST INCREASES THROUGHOUT ITS SUPPLY CHAIN AND ADJUST PRICES AS NECESSARY- CONF CALL.HONEYWELL SAYS CO IS PLANNING FOR THE WORST AND MAKING STRUCTURAL CHANGES, INCLUDING MODIFYING SOME SOURCES OF SUPPLY AND SEEKING ALTERNATIVE SOURCES TO POSITION ITSELF FOR 2019 AND BEYOND.HONEYWELL CEO SAYS SEEING SOME SLOWDOWN IN AIR AND WATER BUSINESS IN CHINA, BUT NOT CONCERNED ABOUT IT YET.HONEYWELL SAYS SEEING COST PRESSURE IN TENS OF MILLIONS OF DOLLARS IN 2018 RELATED TO TARIFFS.HONEYWELL SAYS 2019 COSTS COULD GET INTO TRIPLE DIGITS – HUNDREDS OF MILLIONS OF DOLLARS – AS GOVERNMENT. BRINGS LIST 3 AND 4 INTO PLAY.  Full Article

Honeywell Says Reduced Workforce By 816 Positions In Quarter Ended Sept 30
Friday, 19 Oct 2018 

Oct 19 (Reuters) - Honeywell International Inc ::IN QUARTER ENDED SEPT 30, RECOGNIZED SEVERANCE COSTS OF $39 MILLION RELATED TO WORKFORCE REDUCTIONS OF 816 POSITIONS.SEVERANCE COSTS OF $39 MILLION INCLUDED IN GROSS REPOSITIONING CHARGES TOTALING $73 MILLION FOR THE QUARTER.HONEYWELL SAYS ON SEPT 13, SEC OPENED INVESTIGATION RELATED TO ACCOUNTING FOR LIABILITY FOR UNASSERTED BENDIX-RELATED ASBESTOS CLAIMS - FORM 10-Q.  Full Article

Honeywell Reports Q3 EPS of $3.11
Friday, 19 Oct 2018 

Oct 19 (Reuters) - Honeywell International Inc ::HONEYWELL DELIVERS THIRD-QUARTER REPORTED SALES GROWTH OF 6%, OPERATING CASH FLOW GROWTH OF 33%.HONEYWELL - QTRLY NET SALES $10,762 MILLION VERSUS $10,121 MILLION.Q3 REVENUE VIEW $10.75 BILLION -- THOMSON REUTERS I/B/E/S.Q3 ADJUSTED EARNINGS PER SHARE $2.03.Q3 EARNINGS PER SHARE $3.11.Q3 EARNINGS PER SHARE VIEW $1.99 -- THOMSON REUTERS I/B/E/S.SEES FY ADJUSTED EARNINGS PER SHARE $7.95 TO $8.00.HONEYWELL - QTRLY ORGANIC SALES UP 7%.HONEYWELL - QTRLY SEGMENT MARGIN 19.4 PERCENT VERSUS 18.7 PERCENT REPORTED LAST YEAR.HONEYWELL - UPDATED 2018 GUIDANCE REFLECTS BROAD-BASED STRENGTH IN BUSINESS OUTLOOK AND IMPACT FROM TWO SPIN-OFFS .HONEYWELL - 2018 SALES ARE NOW EXPECTED TO BE $41.7 BILLION TO $41.8 BILLION.HONEYWELL - QTRLY AEROSPACE SEGMENT SALES $4,030 MILLION VERSUS $3,657 MILLION REPORTED LAST YEAR.HONEYWELL - 2018 ORGANIC SALES GROWTH IS NOW EXPECTED TO BE APPROXIMATELY 6 PERCENT.HONEYWELL - NEW 2018 GUIDANCE RANGE TAKES INTO ACCOUNT $0.27 OF NET EARNINGS DILUTION FROM SEPARATION OF GARRETT AND RESIDEO BUSINESSES.FY2018 REVENUE VIEW $43.38 BILLION -- THOMSON REUTERS I/B/E/S.HONEYWELL - SEES 2018 ADJUSTED FREE CASH FLOW $5.8 BILLION - $6.2 BILLION.HONEYWELL - SEES 2018 OPERATING CASH FLOW $6.2 BILLION - $6.8 BILLION.HONEYWELL - Q3 REPORTED EPS INCLUDES $233 MILLION OF SEPARATION COSTS (INCLUDING NET TAX IMPACTS) ASSOCIATED WITH GARRETT AND RESIDEO SPIN-OFFS.  Full Article

Honeywell To Transform Austrian Sappi Plant
Tuesday, 9 Oct 2018 

Oct 9 (Reuters) - Honeywell International Inc ::HONEYWELL TO TRANSFORM AUSTRIAN SAPPI PLANT INTO ONE OF THE WORLD'S MOST MODERN PAPER MILLS.HONEYWELL UNDER EUR 30 MILLION PROJECT BEING IMPLEMENTED BY SAPPI AUSTRIA PRODUKTIONS-GMBH & CO, TO UPGRADE PAPER MILL IN GRATKORN.  Full Article

Future Honeywell Spin-Off Resideo Prices Offering Of Senior Notes
Friday, 5 Oct 2018 

Oct 4 (Reuters) - Honeywell International Inc ::FUTURE HONEYWELL SPIN-OFF RESIDEO PRICES OFFERING OF SENIOR NOTES.HONEYWELL - RESIDEO FUNDING INC PRICED A PRIVATE OFFERING OF $400 MILLION AGGREGATE PRINCIPAL AMOUNT OF SENIOR NOTES DUE 2026.HONEYWELL - NOTES OFFERING IS EXPECTED TO CLOSE ON OR ABOUT OCTOBER 19, 2018..  Full Article

Honeywell Board Declares Spin-Off Dividend Of Resideo Shares
Wednesday, 3 Oct 2018 

Oct 2 (Reuters) - Honeywell International Inc ::HONEYWELL BOARD OF DIRECTORS DECLARES SPIN-OFF DIVIDEND OF RESIDEO SHARES.HONEYWELL - EACH HONEYWELL SHAREOWNER WILL RECEIVE A DISTRIBUTION OF 1 SHARE OF RESIDEO COMMON STOCK FOR EVERY 6 SHARES OF COMMON STOCK OF HONEYWELL.HONEYWELL - ON OCT 29, RESIDEO COMMON STOCK WILL BEGIN REGULAR-WAY TRADING ON NYSE UNDER SYMBOL, "REZI.".HONEYWELL - BOARD HAS DECLARED A PRO RATA DIVIDEND OF RESIDEO TECHNOLOGIES COMMON STOCK, TO BE MADE EFFECTIVE AT 12:01 A.M. EDT ON OCTOBER 29, 2018.  Full Article

Honeywell Completes Spin-Off Of Garrett Motion Inc; Announces Acquisition Of Transnorm
Monday, 1 Oct 2018 

Oct 1 (Reuters) - Honeywell International Inc ::HONEYWELL COMPLETES SPIN-OFF OF GARRETT MOTION INC.; ANNOUNCES ACQUISITION OF TRANSNORM, LEADING PROVIDER OF WAREHOUSE AUTOMATION SOLUTIONS.HONEYWELL - DEAL FOR APPROXIMATELY EUR 425 MILLION FROM IK INVESTMENT PARTNERS.HONEYWELL - UPON DEAL APPROVAL, TRANSNORM WILL BE PART OF HONEYWELL'S SAFETY AND PRODUCTIVITY SOLUTIONS (SPS) SEGMENT.HONEYWELL - GARRETT MOTION INC, CO'S FORMER TRANSPORTATION SYSTEMS BUSINESS, TO BEGIN "REGULAR-WAY" TRADING ON NYSE UNDER TICKER "GTX".  Full Article

Resideo Funding Inc Commences Private Offering Of $400 Mln
Wednesday, 26 Sep 2018 

Sept 26 (Reuters) - Honeywell International Inc ::FUTURE HONEYWELL SPIN-OFF RESIDEO LAUNCHES OFFERING OF SENIOR NOTES.HONEYWELL - RESIDEO FUNDING INC COMMENCED A PRIVATE OFFERING OF $400 MILLION AGGREGATE PRINCIPAL AMOUNT OF SENIOR NOTES DUE 2026.HONEYWELL - RESIDEO INTENDS TO USE PROCEEDS TO REPAY INTERCOMPANY INDEBTEDNESS TO HONEYWELL OR A SUBSIDIARY OF HONEYWELL.  Full Article

Garrett Motion Prices Offering Of Senior Notes
Friday, 21 Sep 2018 

Sept 21 (Reuters) - Honeywell International Inc ::GARRETT MOTION INC. PRICES OFFERING OF SENIOR NOTES.HONEYWELL - AGGREGATE PRINCIPAL AMOUNT OF NOTES TO BE ISSUED BY GARRETT REFLECTS A DECREASE OF EUR 100 MILLION FROM TIME OF LAUNCH.HONEYWELL - UNIT PRICED A PRIVATE OFFERING OF EUR 350 MILLION OF SENIOR NOTES DUE 2026.HONEYWELL - NOTES BY GARRETT WILL BE ISSUED AT PAR, BEAR INTEREST AT A RATE OF 5.125% PER ANNUM AND MATURE ON OCTOBER 15, 2026.HONEYWELL - ANTICIPATES THAT REPAYMENT TO HONEYWELL OR ITS UNIT BY GARRETT MOTION INC WILL BE ABOUT $1.6 BILLION.  Full Article

Honeywell wins $1.04 billion U.S. defense contract: Pentagon

WASHINGTON Honeywell International Inc has been awarded a $1.04 billion contract for support of auxiliary power units for C-130, B-2, A-10, E-3 and B-1 aircraft, as well as F-15 components, F-16 turbine power units, and ground start carts, the Pentagon said on Wednesday.