HON - Honeywell Takes Flight: Boosts Guidance Closes Carrier Global Transaction | Benzinga
Honeywell International Inc. (NASDAQ:HON) shares are trading higher after the company raised its second-quarter and FY24 guidance following the completion of the acquisition of Carrier Global Corporation‘s (NYSE:CARR) Global Access Solutions business.
In particular, the company closed the buyout for $4.95 billion, with the deal expected to support Honeywell’s plans to align its portfolio to automation, the future of aviation, and energy transition.
Global Access Solutions’ approximately 1,200 employees are now part of Honeywell. The transaction is expected to be adjusted earnings per share accretive in the first full year of ownership.
FY24 Outlook: The company now projects sales of $38.5 billion-$39.3 billion ...