MORRISTOWN (dpa-AFX) - Honeywell International Inc. (HON) announced Monday
the completion of its acquisition of Carrier Global Corp.'s (CARR) Global Access
Solutions business for $4.95 billion.

The acquisition positions Honeywell as a leading provider of security solutions
for the digital age with opportunities for accelerated innovation in the
fast-growing, cloud-based services and solutions space.

Global Access Solutions enhances Honeywell's Building Automation business model
of leading with high-value products that are critical for buildings.

This transaction also strengthens Honeywell's alignment of its portfolio around
three compelling megatrends, including automation, and complements Honeywell's
Building Automation segment.

The transaction is expected to be adjusted earnings per share accretive in the
first full year of ownership.

As a result of the acquisition closing, Honeywell has updated its full-year
sales and adjusted earnings per share guidance.

For fiscal 2024, the company now projects adjusted earnings in a range of $10.15
to $10.45 per share on sales between $38.5 billion and $39.3 billion, with
organic sales growth of 4 to 6 percent.

Previously, the company expected adjusted earnings in a range of $9.80 to $10.10
per share on sales between $38.1 billion and $39.9 billion, with organic sales
growth of 4 to 6 percent.

On average, analysts polled by Thomson Reuters expect the company to report
earnings of $9.93 per share on revenues of $38.45 billion for the year.
Analysts' estimates typically exclude special items.



Copyright(c) 2024 RTTNews.com. All Rights Reserved

Copyright RTT News/dpa-AFX