Latest news with #HoneywellAutomation
Business Standard
14-05-2025
- Business
- Business Standard
Honeywell Automation Q4 PAT slides 6% YoY to Rs 140 cr; declares dividend of Rs 105/sh
Honeywell Automation India's standalone net profit declined 5.60% to Rs 139.90 crore in Q4 FY25, compared with Rs 148.20 crore in Q4 FY24. However, revenue from operation jumped 17.22% YoY to Rs 1,114.5 crore in Q4 FY25. During the quarter, profit before tax stood at to Rs 190.20 crore, down 3.59% from Rs 197.30 crore posted in the same quarter last year. Total expenses increased 22.12% year on year (YoY) to Rs 970.90 crore in the March 2025 quarter. The cost of material consumed stood at Rs 600.90 crore (up 44.23% YoY), employee benefit expense was at Rs 178.50 crore (up 35.74% YoY) during the period under review. On a full year basis, the companys net profit jumped 4.42% to Rs 523.60 crore on 3.23% rise in revenue from operations to Rs 4,189.6 crore in FY25 over FY24. Meanwhile, the board of directors recommended final dividend of Rs 105 for the financial Year ended on 31 March 2025, subject to approval of shareholders at the ensuing annual general Meeting of the company. Honeywell Automation India is engaged in providing integrated automation and software solutions, including process solutions and building solutions. Shares of Honeywell Automation shed 0.66% to Rs 35,591 on the BSE.
Reuters
13-05-2025
- Business
- Reuters
Honeywell's India unit posts smaller fourth-quarter profit as costs surge
May 13 (Reuters) - Honeywell Automation India ( opens new tab reported a fall in fourth-quarter profit on Tuesday as rising expenses outpaced revenue growth. Profit at the Indian subsidiary of U.S. conglomerate Honeywell International (HON.O), opens new tab fell 5.6% year-on-year to 1.4 billion rupees ($16.4 million) for the quarter ended March 31. The company provides building automation solutions to industrial clients and designs emission-curbing and energy transition products. Capital goods companies in India are currently facing challenges due to weakened infrastructure demand, with government spending, which had increased ahead of the 2024 national elections, now slowing down. However, execution of existing projects helped boost Honeywell's revenue. Honeywell Automation's revenue from operations rose 17.2% to 11.15 billion rupees but did not offset the 22% rise in expenses. Total expenses stood at 9.71 billion rupees due to a 44.2% increase in cost of materials consumed, which constitutes more than half of the total expenses. The company does not provide a breakdown of its revenue distribution or discloses which specific raw materials it consumes. Honeywell International reported a 1% rise in its March-quarter net income, on April 29. The company's stock, one of the most expensive in India, closed 1.7% higher to 35,815 rupees, ahead of the results. ($1 = 85.3100 Indian rupees)
Yahoo
13-03-2025
- Business
- Yahoo
The Nasdaq Just Hit Correction Territory: 2 Pullback Stocks to Buy and Hold for a Decade
Broad-based market sell-offs are often great times to initiate long-term investing positions. In fact, they can give investors just the nudge they needed to buy stocks that already looked like great values before the market declined. With the Nasdaq Composite (NASDAQINDEX: ^IXIC) falling into correction territory, I think blue-chip industrial conglomerate Honeywell International (NASDAQ: HON) and advanced materials company Hexcel (NYSE: HXL) are terrific stocks to buy now. Having already announced plans to spin off one segment, Honeywell management went a step further last month and said the company would split into three separate businesses, all of which will be publicly traded. There's a case for all of them to outperform in the future as individual companies -- not based on a sum-of-the-parts evaluation, but because some of Honeywell's peers have already set a profitable example. With the advanced materials spinoff already announced, the focus is on the two other businesses, Honeywell Aerospace and Honeywell Automation. Management names GE Aerospace, RTX, and TransDigm as its peers, and it's noticeable that all three have undergone significant corporate activity in recent years. GE Aerospace became an independent company last year, and RTX's commercial aerospace businesses are the result of mergers of the former United Technologies aerospace business, Rockwell Collins, and the commercial aerospace businesses of Raytheon. TransDigm's business model relies heavily on its strategy of acquiring other companies. As a stand-alone company, Honeywell Aerospace will have much more flexibility to pursue acquisitions that will build scale like its peers. As such, it can add complementary solutions to its portfolio of aerospace solutions, including avionics, auxiliary power units, communications, and propulsion systems. It's a similar story with Honeywell Automation, a combination of industrial automation and building automation. Emerson Electric, pure-play automation company Rockwell Automation, and Johnson Controls are cited as peers. Emerson has been fundamentally restructured in recent years to focus on automation and adjacent markets in industrial software and automated test and measurement. Management sold its climate technologies business, acquired NI (test and measurement systems) in 2023, and will acquire the remaining shares it doesn't own in industrial company AspenTech this year. In building automation, Johnson Controls is selling its residential and light commercial HVAC business to Bosch as it looks to focus on its core commercial HVAC and building controls business. The pattern is clear, and Honeywell's big breakup will create an opportunity for each new company to have its own access to capital and management resources, so its leadership can create more focused companies in the manner of their peers without being encumbered as part of a conglomerate. The sell-off in the stock gives investors a better opportunity to buy into the long-term value creation opportunity. Speaking of Honeywell Aerospace and potential acquisition targets, I've long felt that the aerospace-focused advanced materials company Hexcel would be an ideal fit for Honeywell. That said, the stock is highly desirable to buy in its own right. It's no secret that Hexcel's advanced graphite composites (lighter and stronger than traditional materials like aluminum) are the future of the aerospace industry. Each generation of new airplanes developed by Boeing, Airbus, and other airplane manufacturers (including business jets) has more composite content. Consequently, Hexcel has long-term growth prospects from an increase in the number of new airplanes produced and the increasing composite content on every newer plane. It's a compelling mix, and it's also why Hexcel stock has historically tended to command a valuation premium. However, it's been a difficult few years for the company as both Boeing and Airbus have fallen behind their intended production schedules. This has hit Hexcel's revenue and margin lines precisely at a time when the company was gearing up to increase production. As CEO Tom Gentile noted on the recent earnings call, "production levels in 2024 were only 68% of 2018 levels." That said, this is a temporary delay, and Boeing and Airbus will do everything they can to ramp up production over time. Moreover, the decline in the valuation is such that investors can buy into the stock at 19 times its estimated 2025 free cash flow -- an excellent valuation for a company with such superb long-term growth prospects. Before you buy stock in Honeywell International, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Honeywell International wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $655,630!* Now, it's worth noting Stock Advisor's total average return is 789% — a market-crushing outperformance compared to 163% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of March 10, 2025 Lee Samaha has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Emerson Electric and Rockwell Automation. The Motley Fool recommends GE Aerospace, Hexcel, RTX, and TransDigm Group. The Motley Fool has a disclosure policy. The Nasdaq Just Hit Correction Territory: 2 Pullback Stocks to Buy and Hold for a Decade was originally published by The Motley Fool Sign in to access your portfolio
USA Today
07-02-2025
- Business
- USA Today
Industrial giant Honeywell announces split into 3 companies after investor pressure
Industrial giant Honeywell announces split into 3 companies after investor pressure Aerospace titan Honeywell announced Thursday that it will split into three independent and publicly traded companies. The company said that it will create Honeywell Automation and Honeywell Aerospace, in addition to a previously announced spin off of Advanced Materials. "The formation of three independent, industry-leading companies builds on the powerful foundation we have created, positioning each to pursue tailored growth strategies, and unlock significant value for shareholders and customers," Vimal Kapur, Chairman and CEO of Honeywell, said in a press release. The company said that the separation of the two newly announced companies will be completed in the second half of 2026 and will be tax-free to Honeywell shareholders. The spin-off of the Advanced Materials company is expected to be completed by the end of 2025 or early in 2026. What will the new companies do? Here's what the three new companies will do: Honeywell Automation: The company will provide automation solutions, including helping factories and warehouses mechanize their operations. The sector has been grappling with sluggish demand as a pandemic-driven boom in e-commerce moderates. The company will provide automation solutions, including helping factories and warehouses mechanize their operations. The sector has been grappling with sluggish demand as a pandemic-driven boom in e-commerce moderates. Honeywell Aerospace: The company will be a "pure play aerospace" supplier. The aerospace unit is Honeywell's biggest revenue generator, accounting for about 40% of the company's total revenue in 2024, and counts Boeing and Airbus among its customers. The company will be a "pure play aerospace" supplier. The aerospace unit is Honeywell's biggest revenue generator, accounting for about 40% of the company's total revenue in 2024, and counts Boeing and Airbus among its customers. Advanced Materials: Honeywell said that Advanced Materials will be "a sustainability-focused specialty chemicals and materials" company. The announcement said that the sector brought in nearly $4 billion in revenue last year. Split comes after activist investor pressure The split comes just months after activist investor Elliott Management took a $5 billion stake in the industrial giant. Despite several smaller moves, Elliott, whose stake in Honeywell is its largest single investment, argued the company needed to split. Honeywell attracted the activist investor's attention as its stock price underperformed the market. Its shares had risen 7.7% in 2024 until Nov. 11, a day before Elliott disclosed its position, while the broader market had gained 26.6% in the same period. Elliott's push is not the first time Honeywell has faced activist pressure to break up the company. In 2017, it managed to shrug off Daniel Loeb's Third Point, which urged the company to spin off its aerospace division. Contributing: Reuters
Yahoo
06-02-2025
- Business
- Yahoo
Honeywell confirms plans to split into 3 companies
Honeywell International (HON) stock is in focus after the company confirmed plans to split its businesses into three companies: Honeywell Automation, Honeywell Aerospace, and Advanced Materials. The split comes after pressure from activist investor Elliott Management. Seana Smith and Brad Smith break down the change and what it means for investors. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Naomi Buchanan.
