Honeywell International Inc.
Honeywell Realigns Business Units and Updates Financial Reporting Metrics
Summary
Honeywell International Inc. has realigned its Industrial Automation business units and updated its financial reporting metrics to exclude the impact of amortization expense for acquisition-related intangible assets and certain acquisition-related costs from segment profit and adjusted earnings per share. This change is effective for periods beginning on or after April 1, 2024. Supplemental unaudited historical non-GAAP financial metrics are provided for informational purposes in an exhibit to this filing.
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Exhibits (1)
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About Honeywell International Inc.
Honeywell International Inc. is a diversified technology and manufacturing corporation, operating globally across various sectors. Its primary function is to provide innovative solutions in aerospace products and services, building technologies, performance materials, and safety and productivity solutions. Honeywell is renowned for its cutting-edge advancements in thermal systems, automation control, and industrial cybersecurity, supplying essential components across residential, commercial, and industrial domains. In the aerospace sector, Honeywell is instrumental in developing technologies for aircraft engines, cockpit systems, and manufacturing efficiency for both commercial and military clients. In building technologies, it focuses on energy-efficient solutions and smart building systems that enhance safety and comfort. Its performance materials division delivers high-performance materials essential for advanced manufacturing, including specialty chemicals and plastics. The safety and productivity solutions expand into workflow efficiency, offering software and hardware that enhance operational processes in various industries. Positioned as a key player in industrial innovation, Honeywell International Inc. significantly impacts wide-ranging industries, enhancing economic growth and sustainability through its strategic technological advancements. The company's global reach underscores its influence and importance in modern manufacturing and technology ecosystems.
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