$HON (Honeywell International Inc.)

$HON {{ '2015-10-26T15:09:40+0000' | timeago}} • SEC

$HON's repositioning actions are expected to generate incremental pretax savings of $100-125MM in 2015 compared with 2014 principally from planned workforce reductions. Cash spending related to repositioning actions was $77MM in YTD 2015 and was funded through operating cash flows, and $HON expects it to be approx. $125MM in 2015.

$HON {{ '2017-07-21T12:19:48+0000' | timeago}} • Announcement

$HON's Performance Materials & Technologies segment sales for 2Q17 were up 6% on an organic basis driven by strength in Solstice sales in Advanced Materials and double-digit growth in modular gas processing in UOP. Safety & Productivity Solutions sales were up 1% organically due to higher volumes in industrial safety products and sensing controls.

$HON {{ '2017-07-21T12:19:29+0000' | timeago}} • Announcement

During 2Q17, $HON’s Aerospace segment sales grew 2% organically, driven by strength in Commercial Aftermarket, growth in US defense, and a recovery in commercial vehicles in Transportation Systems. Home & Building Technologies sales were up 4% on an organic basis helped by growth in the Distribution business.

$HON {{ '2017-07-21T12:13:53+0000' | timeago}} • Announcement

$HON is increasing its full-year 2017 reported and organic sales guidance and raising the low end of its full-year earnings guidance by $0.10. $HON expects 2017 EPS to be $7.00-7.10, up 8-10%, excluding divestitures, any pension mark-to-market adjustments, and 2016 debt refinancing charges. $HON expects sales to be $39.3-40Bil, up 2-4% organic.

$HON {{ '2017-07-21T12:08:47+0000' | timeago}} • Announcement

$HON reported a 6% increase in 2Q17 earnings. Net income was $1.39Bil or $1.80 per share compared to $1.31Bil or $1.70 per share in 2Q16. The 2Q17 earnings came in at the high end of the guidance range. Sales increased 1% to $10Bil from last year. On an organic basis, sales growth was 3%.

$HON {{ '2017-07-17T16:50:06+0000' | timeago}} • Announcement

$HON said Farabi Petrochemicals Co. will use Honeywell UOP technologies for a new complex in Yanbu to expand its production of biodegradable detergents. The construction of the new complex is expected to be completed in 2020.

$HON {{ '2017-06-21T15:37:10+0000' | timeago}} • Announcement

$HON said Flint Hills Resources will use the Honeywell Connected Plant Process Reliability Advisor to provide ongoing monitoring of the refinery's CCR Platforming unit along with early detection and mitigation of performance issues before they become costly. The CCR Platforming unit produces a range of transportation fuels.

$HON {{ '2017-06-14T17:38:16+0000' | timeago}} • Announcement

$HON said Canyon Midstream Partners II, LLC will use UOP Russell modular cryogenic equipment to process 200MM standard cubic feet per day of natural gas at its Redcliff Midstream gas processing facility in Oklahoma. The plant’s single-stage high-pressure compressor and customizations to brazed aluminum heat exchangers will help reduce expenses.

$HON {{ '2017-06-12T14:59:55+0000' | timeago}} • Announcement

$HON said it has signed a definitive agreement to purchase privately held Nextnine, a provider of security management solutions. The acquisition is expected to significantly increase Honeywell's Connected Plant cyber security customer base.

$HON {{ '2017-05-31T17:43:07+0000' | timeago}} • Announcement

$HON said Oriental Energy subsidiaries Ningbo Fortune Petrochemical and Zhangjiagang Yangzi River Petrochemical (YRPC) produce 600,000 metric tons annually of on-purpose propylene from propane, using Honeywell UOP's C3 Oleflex process technology. Effective use of the technology helps the firms to cater to the growing demand for propylene in China.

$HON {{ '2017-05-25T17:03:18+0000' | timeago}} • Announcement

$HON said it will provide three power providers in the U.S. with managed smart grid services that offer a simpler way to manage very technical smart grid networks, and enable improved electricity service and reliability for their customers.

$HON {{ '2017-05-25T13:13:12+0000' | timeago}} • Announcement

$HON UOP signed a partnership agreement with China's Wison Engineering Ltd. to jointly provide methanol-to-olefin (MTO) technologies and engineering, procurement and construction (EPC) services to customers outside of China.

$HON {{ '2017-05-23T18:52:32+0000' | timeago}} • Announcement

$HON took additional legal actions against Code Corp., a company that manufactures bar code readers, for infringement of its patents. $HON filed a complaint asking the U.S. International Trade Commission to preclude Code from importing into the US. its products that infringe $HON's patents and some of its components that are manufactured abroad.

$HON {{ '2017-05-17T13:43:17+0000' | timeago}} • Announcement

$HON launched a new investment fund that will invest in early-stage, high-growth technology companies that are strategically aligned to its portfolio and software capabilities. The initial fund size is expected to be about $100MM and investments will be made through Honeywell Venture Capital LLC. Honeywell Ventures will be led by Murray Grainger.

$HON {{ '2017-05-16T17:45:08+0000' | timeago}} • Announcement

$HON started commercial operations at its new manufacturing plant in Geismar, La., to meet the growing global demand for its next-generation mobile air conditioning refrigerant. With this start-up, the plant has become the world's largest site for producing HFO-1234yf, sold commercially as Solstice yf.

$HON {{ '2017-05-10T15:48:48+0000' | timeago}} • Announcement

$HON UOP said Zhejiang Petrochemical Co. Ltd. (ZPC) will use four of its Polybed pressure swing adsorption (PSA) units to supply high-purity hydrogen for its new integrated refining and petrochemical complex in Zhoushan, Zhejiang Province.

$HON {{ '2017-05-09T13:20:18+0000' | timeago}} • Announcement

$HON has changed the brand name of its legendary Garrett replacement and performance aftermarket turbochargers to Honeywell Garrett. The new Honeywell Garrett construction aligns with corporate initiatives to leverage the strong global $HON brand.

$HON {{ '2017-05-08T19:15:59+0000' | timeago}} • Announcement

$HON's Honeywell UOP unit has signed an agreement with the Jordan Petroleum Refinery Company to facilitate a $1.6Bil expansion of its refinery in Zarqa, Jordan. This expansion will increase the capacity of the facility to 120,000 barrels per day and will allow JPRC to upgrade the quality of its product to meet Euro V emissions specifications.

$HON {{ '2017-04-28T16:19:45+0000' | timeago}} • Announcement

UOP, a division of $HON, won a contract from Dangote Oil Refinery Co. for critical equipment, technology licensing and design services for a world-scale integrated refinery and petrochemical plant. When completed, the integrated complex in Lekki, near the capital of Lagos in Nigeria, will be the largest single-train refinery in the world.

$HON {{ '2017-04-21T16:05:54+0000' | timeago}} • Webcast

$HON said it is very bullish on the smart energy business for the rest of the year. The company was flattish in 1Q17, but expects double digit growth in 2Q17 and high single-digit growth for the year.

$HON {{ '2017-04-21T15:50:39+0000' | timeago}} • Webcast

$HON said that on capital deployment, it remains its core initiatives. The company also has an active pipeline for M&A deals, but added that since it's expensive, it is a bit cautious on the M&A front.

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