Honeywell realigns segments into Industrial Automation and Energy & Sustainability Solutions, effective Q1 2024

HONEYWELL INTERNATIONAL INC

New reportable segments: Industrial Automation (SPS + Process Solutions) and Energy & Sustainability Solutions (UOP & Advanced Materials); Aerospace renamed to Aerospace Technologies.
Lucian Boldea appointed President/CEO of Industrial Automation; Ken West appointed President/CEO of Energy & Sustainability Solutions, both effective Jan 1, 2024.
Q3 2023 results expected in line with prior guidance; EPS within or above range; full-year guidance reaffirmed.
Realignment aims to accelerate organic growth and inorganic capital deployment aligned with automation, aviation, and energy transition megatrends.
No impact on historical financials; recast segment historical data will be provided before Q1 2024 reporting.

item 2.02 item 5.02 item 8.01 item 9.01

Executive movements

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Appointed

Ken West

President and Chief Executive Officer of Energy and Sustainability Solutions

HON · HONEYWELL INTERNATIONAL INC

Effective: 2024-01-01
Filed: October 10, 2023, 7:59 PM ET

Ken West, age 46, has been appointed to the newly created position of President and Chief Executive Officer of Energy and Sustainability Solutions.

Appointed

Lucian Boldea

President and Chief Executive Officer of Industrial Automation

HON · HONEYWELL INTERNATIONAL INC

Effective: 2024-01-01
Filed: October 10, 2023, 7:59 PM ET

Lucian Boldea, age 52, has been appointed to the newly created position of President and Chief Executive Officer of Industrial Automation

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HONEYWELL INTERNATIONAL INC updated its third quarter 2023 guidance (reaffirmed).

Period: third quarter 2023
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

Honeywell anticipates strong third-quarter results in line with previously-issued guidance ranges for sales and segment margin, led by strong results in its Aerospace and Performance Materials and Technologies business groups. Earnings per share is expected to be within or above the previously-issued guidance range, and full year results are expected to be within the previously-issued guidance ranges.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Ken West was appointed as President and Chief Executive Officer of Energy and Sustainability Solutions at HONEYWELL INTERNATIONAL INC.

Action: appointed
Role: President and Chief Executive Officer of Energy and Sustainability Solutions

Exact text from the filing

Ken West, age 46, has been appointed to the newly created position of President and Chief Executive Officer of Energy and Sustainability Solutions.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Lucian Boldea was appointed as President and Chief Executive Officer of Industrial Automation at HONEYWELL INTERNATIONAL INC.

Action: appointed
Role: President and Chief Executive Officer of Industrial Automation

Exact text from the filing

Lucian Boldea, age 52, has been appointed to the newly created position of President and Chief Executive Officer of Industrial Automation

View on SEC.gov

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Source: SEC EDGAR

accession 0000773840-23-000076

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