Tag: Vimal Kapur
Honeywell’s portfolio overhaul gains traction
February 4, 2026Ken Showers, Managing Editor
CHARLOTTE, N.C. — Honeywell’s ongoing portfolio overhaul is beginning to show results, with strong aerospace demand and growing building automation revenue driving 2025 fourth‑quarter and full‑year performance, as the company makes progress with spin-offs and divestiture plans.
Aerospace on track for 2026
The company’s better-than-expected performance – fourth-quarter sales were up 6% year over year – was largely...
Honeywell bets on 'simpler structure’
October 28, 2025Ken Showers, Managing Editor
CHARLOTTE, N.C. — The spin-off of its advanced materials business earlier this year and the planned separation of its automation and aerospace businesses provided a lift to Honeywell’s third quarter 2025 results.
CEO Vimal Kapur told investors that the moves will allow the company to further simplify Honeywell Automation.
“We have proactively designed a new, simpler structure aligned to the future of the business,” he said. “As we seek to better...
Honeywell 3Q results exceed high end of previous guidance
October 23, 2025SSN Staff
CHARLOTTE, N.C. — Honeywell (NASDAQ: HON) announced its results for the third quarter that met or exceeded the company's guidance.
The company also raised its full-year organic growth and adjusted earnings per share guidance ranges and updated its free cash flow guidance range, including the impact of spinning off its advanced materials business.
The company reported third-quarter year-over-year sales growth of 7% and organic sales growth of 6%, led by double-digit organic sales growth...
Honeywell: ‘Building Automation leading the way’
August 12, 2025Cory Harris, Editor
CHARLOTTE, N.C.—Honeywell CEO Vimal Kapur credited the Building Automation segment as the catalyst for the company’s $10.4 billion in sales in the second quarter, an 8% increase year over year.
"With Building Automation leading the way, three out of four segments grew sales at better than 5% in the quarter, demonstrating the power of our Accelerator operating system to adapt quickly and drive growth even as business conditions change,” Kapur told investors. “During...
Honeywell details company restructuring
February 12, 2025Cory Harris, Editor
CHARLOTTE, N.C.—Honeywell’s Q4 and full-year 2024 results met or exceeded updated guidance, but during a recent conference call, that performance took a back seat to the announcement of a companywide restructuring.
During the call on Feb. 6, the company announced it intends to separate its Automation and Aerospace Technologies business units as part of a comprehensive portfolio evaluation that was launched a year ago by Chairman and CEO Vimal Kapur and was recently completed....
Honeywell announces creation of three separate companies
February 6, 2025SSN Staff
CHARLOTTE, N.C.—Honeywell has announced the completion of a comprehensive business portfolio evaluation launched a year ago by Chairman and CEO Vimal Kapur and intends to pursue a full separation of Automation and Aerospace Technologies.
The planned separation, coupled with the previously announced plan to spin Advanced Materials, will result in three publicly listed companies with distinct strategies and growth drivers. The separation is intended to be completed in the second...
Honeywell to spin off advanced materials business
October 8, 2024Ken Showers, Managing Editor
CHARLOTTE, N.C. — Honeywell has announced a plan to spin off its Advanced Materials business into an independent, U.S. publicly traded company, targeted to be completed by the end of 2025 or early 2026.
Vimal Kapur, chairman and CEO of Honeywell, said during a recent webcast with investors that it has been nearly a year since the company announced a reorganization to focus on the three megatrends of automation, aviation and energy transition.
“As we continue to...
Honeywell names Mike Stepniak as incoming CFO
September 5, 2024SSN Staff
CHARLOTTE, N.C.—Honeywell International Inc. has announced that Mike Stepniak, who currently serves as vice president and chief financial officer for Honeywell Aerospace Technologies, will succeed Greg Lewis as senior vice president and chief financial officer following the company's announcement of its fourth quarter and full-year financial results for fiscal year 2024.
Until the transition is complete, Stepniak will serve as vice president, corporate finance. Upon...
Honeywell CEO: ‘We are creating a flywheel of themes’
July 26, 2024Ken Showers, Managing Editor
CHARLOTTE, N.C. — Honeywell’s Aerospace segment saw the largest growth in the second quarter, and the company’s recent acquisition of CAES Systems will only accelerate that.
Honeywell acquired the company in June for $1.9 billion in cash, adding 2,200 employees to its workforce.
“We are excited that this is the second aerospace-focused transaction we have announced this year, underscoring our alignment to the future of aviation,” said Vimal Kapur,...
Honeywell completes acquisition of Carrier's Global Access Solutions business
June 3, 2024SSN Staff
CHARLOTTE, N.C.—Honeywell has announced the completion of its acquisition of Carrier Global Corporation's Global Access Solutions business for $4.95 billion.
According to Honeywell, the deal positions the company 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.
This transaction also strengthens Honeywell's alignment of its portfolio around three...