Industrial Giant Strengthens Portfolio with Security Solutions Focus
- Honeywell International raises sales outlook for 2024 after acquiring Carrier Global’s Global Access Solutions business
- Sales forecast now between $38.5 billion and $39.3 billion, up from previous range of $38.1 billion to $38.9 billion
- Adjusted earnings per-share guidance increased to $10.15-$10.45 from $9.80-$10.10
- Q2 sales expected between $9.3 billion and $9.6 billion, adjusted EPS $2.35-$2.45
- Acquisition of Carrier Global’s business positions Honeywell as a security solutions provider
Honeywell International has raised its sales outlook for 2024 after completing the acquisition of Carrier Global’s Global Access Solutions business, now expecting sales between $38.5 billion and $39.3 billion. The company also updated its adjusted earnings per-share guidance to $10.15-$10.45 from a previous range of $9.80-$10.10. Honeywell’s acquisition of Carrier Global’s business positions it as a provider of security solutions and strengthens its alignment around three megatrends, including automation.
Factuality Level: 10
Factuality Justification: The article provides accurate information about Honeywell International’s updated sales outlook after the acquisition of Carrier Global’s business and how it strengthens their portfolio around three megatrends. It also includes specific financial figures for both the full year and second quarter forecasts.
Noise Level: 3
Noise Justification: The article provides relevant information about Honeywell International’s updated sales outlook and the acquisition of Carrier Global’s business, but it lacks in-depth analysis or exploration of long-term trends or consequences for those affected by the decision. It also does not offer actionable insights or new knowledge beyond the basic facts.
Public Companies: Honeywell International (HON), Carrier Global (CARR)
Key People: Denny Jacob (Author)
Financial Relevance: Yes
Financial Markets Impacted: Honeywell International’s stock price and the industrial-software industry
Financial Rating Justification: The article discusses Honeywell International raising its sales outlook and adjusted earnings per-share after acquiring Carrier Global’s Global Access Solutions business, which impacts the company’s financial performance and stock price. Additionally, it mentions the impact on the industrial-software industry.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the article.
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