On February 6, Honeywell – the Charlotte, N.C.-based conglomerate operating in industries such as aerospace, building automation, industrial automation, and energy and sustainability solutions – announced plans to split into three companies to boost stock returns.
Elliott Investment Management sees the stock increasing as much as 75% in the next two years.
You're not a member! Trial today
By the second half of 2026, Honeywell plans to separate its automation and aerospace technologies businesses and to complete the spin off its advanced-materials unit.
These three independent companies will build “on the powerful foundation we have created, positioning each to pursue tailored growth strategies and unlock significant value for shareholders and customers,” Honeywell CEO Vimal Kapur.
HONEYWELL ANNOUNCES FOURTH QUARTER
AND FULL YEAR 2024 RESULTS; ISSUES 2025 GUIDANCE
Honeywell Completes Comprehensive Portfolio Review, Plans to Separate Automation and Aerospace,
Enabling the Creation of Three Industry-Leading Public Companies
Fourth Quarter Sales of $10.1 Billion, Reported Sales Up 7%
Fourth Quarter Earnings Per Share of $1.96 and Adjusted Earnings Per Share
of $2.47
Full Year Operating Cash Flow of $6.1 Billion and Free Cash Flow of $4.9 Billion.
Deployed a Record $14.6 Billion of Capital in 2024, Including $8.9 Billion to Acquisitions
Expect 2025 Adjusted Earnings Per Share of $10.10 – $10.50, Up 2% – 6%
