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Honeywell completes $4.95B acquisition of Carrier's Global Access Solutions; updates 2024 outlook
HONEYWELL INTERNATIONAL INC
- Acquisition of Carrier's Global Access Solutions for $4.95B closed, adding LenelS2, Onity, Supra brands.
- Updated FY2024 sales guidance to $38.5B-$39.3B (organic growth 4%-6%), adjusted EPS $10.15-$10.45.
- Segment margin guidance raised to 23.8%-24.1% after excluding amortization of acquisition intangible assets.
- Transaction expected to be adjusted EPS accretive in first full year; ~1,200 employees, >$1B combined sales.
- Q2 guidance: sales $9.3B-$9.6B, adjusted EPS $2.35-$2.45 (up 2%-7% YoY).