BRIEF-Honeywell To Separate Automation And Aerospace Businesses

Reuters
06 Feb
BRIEF-Honeywell To Separate Automation And Aerospace Businesses

Feb 6 (Reuters) - Honeywell International Inc HON.O:

  • PLANS TO SEPARATE AUTOMATION AND AEROSPACE BUSINESSES

  • TAX-FREE SEPARATION OF BUSINESSES TO BE COMPLETED IN H2 2026

  • ON PACE TO EXCEED COMMITMENT TO DEPLOY AT LEAST $25 BILLION IN HIGH-RETURN CAPEX, DIVIDENDS, BUYBACKS, DEALS THROUGH 2025

  • SPIN-OFF OF ADVANCED MATERIALS BUSINESS TO BE COMPLETED BY END OF 2025 OR EARLY 2026

  • Q4 ADJUSTED EPS $2.47 VERSUS IBES ESTIMATE $2.32

  • Q4 REVENUE $10.09 BILLION VERSUS IBES ESTIMATE $9.83 BILLION

  • OUTLOOK FY ADJUSTED EPS $10.10 TO $10.50 VERSUS IBES ESTIMATE $10.93

  • OUTLOOK FY SALES $39.6 BILLION TO $40.6 BILLION VERSUS IBES ESTIMATE $41.22 BILLION

  • EX. IMPACT OF BOMBARDIER DEAL, SEES FY ORGANIC SALES +1% TO +4%, ADJUSTED EPS -2% TO +2%

Source text: [ID:]

Further company coverage: HON.O

((Reuters.Briefs@thomsonreuters.com;))

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