HONEYWELL INTERNATIONAL INC — fact timeline

HONEYWELL INTERNATIONAL INC reported full-year 2023 results: revenue $36.7 billion to $37.3 billion, EPS $9.05 to $9.25. Guidance raised.

“Full-year sales are now expected to be $36.7 billion to $37.3 billion with organic 1 sales growth in the range of 4% to 6%. Segment margin 2 is now expected to be in the range of 22.4% to 22.6%, with segment margin expansion 2 of 70 to 90 basis points. Adjusted earnings per share 2,3 is now expected to be in the range of $9.05 to $9.25, up 5 cents on the low end from the prior guidance range.”

HONEYWELL INTERNATIONAL INC reported second quarter 2023 results: revenue $9.1 Billion, EPS $2.22.

“HONEYWELL DELIVERS STRONG SECOND QUARTER RESULTS AND RAISES FULL-YEAR SALES, SEGMENT MARGIN, AND ADJUSTED EPS GUIDANCE • Sales of $9.1 Billion, Reported Sales Up 2%, Organic 1 Sales Up 3%, Operating Cash Flow Up 72%, Free Cash Flow 1 Up 34% • Earnings Per Share of $2.22 and Adjusted Earnings Per Share 1 of $2.23”

James Currier was appointed as President and Chief Executive Officer of the Company’s Aerospace segment at HONEYWELL INTERNATIONAL INC.

“Mr. Madsen will be succeeded by Mr. James Currier, age 57, effective as of August 1, 2023.”

Michael Madsen departed as President and Chief Executive Officer of the Company’s Aerospace segment at HONEYWELL INTERNATIONAL INC.

“Mr. Michael Madsen, age 60, has elected to retire as President and Chief Executive Officer of the Company’s Aerospace segment (“Aerospace”).”

HONEYWELL INTERNATIONAL INC shareholders approved Frequency of future advisory votes on executive compensation at the 2023-05-19 meeting.

“the Company is confirming that it will include an annual advisory vote on the compensation of its named executive officers in its proxy materials until the next required shareowner vote on the frequency of advisory votes on executive compensation”

HONEYWELL INTERNATIONAL INC shareholders rejected Shareowner proposal: Environmental and Health Impact Report at the 2023-05-19 meeting.

“The shareowners did not approve the shareowner proposal titled "Environmental and Health Impact Report."”

HONEYWELL INTERNATIONAL INC shareholders rejected Shareowner proposal: Independent Board Chair at the 2023-05-19 meeting.

“The shareowners did not approve the shareowner proposal titled "Independent Board Chair."”

HONEYWELL INTERNATIONAL INC shareholders approved Ratification of Deloitte & Touche LLP as independent accountants for 2023 at the 2023-05-19 meeting.

“The shareowners approved the appointment of Deloitte & Touche LLP as independent accountants for 2023.”

HONEYWELL INTERNATIONAL INC shareholders approved Advisory vote on named executive officer compensation at the 2023-05-19 meeting.

“The shareowners approved, on a non-binding advisory basis, the compensation of the Company’s named executive officers as disclosed in the 2023 Proxy Statement.”

HONEYWELL INTERNATIONAL INC shareholders approved Non-binding advisory vote on the frequency of the advisory vote on executive compensation at the 2023-05-19 meeting.

“The voting results on a non-binding advisory vote on the frequency of the advisory vote on executive compensation are set forth below:”

HONEYWELL INTERNATIONAL INC shareholders approved Election of Directors at the 2023-05-19 meeting.

“The nominees listed below were elected directors with the respective votes set forth opposite their names:”

HONEYWELL INTERNATIONAL INC incurred senior notes of €650,000,000 at 3.500% maturing due 2027.

“On May 17, 2023, Honeywell International Inc. (the “Company”) completed a public offering of €650,000,000 aggregate principal amount of its 3.500% Senior Notes due 2027”

HONEYWELL INTERNATIONAL INC reported first quarter 2023 results: revenue $8.9 Billion, EPS $2.07. Guidance raised.

“HONEYWELL DELIVERS STRONG FIRST QUARTER RESULTS AND BEATS GUIDANCE ON ALL METRICS, RAISES FULL-YEAR SALES, SEGMENT MARGIN, AND ADJUSTED EPS GUIDANCE • Sales of $8.9 Billion, Reported Sales Up 6%, Organic 1 Sales Up 8% • Operating Margin up 390 Basis Points to 19.1%; Segment Margin 1 up 90 Basis Points to 22.0% • Earnings Per Share and Adjusted”

HONEYWELL INTERNATIONAL INC incurred revolving credit of $4.0 billion with Bank of America, N.A..

“The 5-Year Credit Agreement provides for revolving credit commitments in an aggregate principal amount of $4.0 billion”

HONEYWELL INTERNATIONAL INC incurred revolving credit of $1.5 billion with Bank of America, N.A. at Base Rate plus the Applicable Margin maturing March 18, 2024.

“The 364-Day Credit Agreement provides for revolving credit commitments in an aggregate principal amount of $1.5 billion”

HONEYWELL INTERNATIONAL INC amended 5-Year Credit Agreement with the banks, financial institutions, and other institutional lenders party thereto, Bank of America, N.A., as administrative agent, Bank of America, N.A., as swing line agent, and JPMorgan Chase Bank, N.A. and Wells Fargo Bank, National Association, as syndication agents valued at $4.0 billion (effective 2023-03-20).

“On March 20, 2023, Honeywell entered into an Amended and Restated Five Year Credit Agreement (the “ 5-Year Credit Agreement ”) with the banks, financial institutions, and other institutional lenders party thereto, Bank of America, N.A., as administrative agent, Bank of America, N.A., as swing line agent, and JPMorgan Chase Bank, N.A. and Wells Fargo Bank, National Association, as syndication agents.”

HONEYWELL INTERNATIONAL INC entered into 364-Day Credit Agreement with the banks, financial institutions and other institutional lenders party thereto, Bank of America, N.A., as administrative agent, and JPMorgan Chase Bank, N.A. and Wells Fargo Bank, National Association, as syndication agents valued at $1.5 billion (effective 2023-03-20).

“On March 20, 2023, Honeywell International Inc. (“ Honeywell ”) entered into a 364-Day Credit Agreement (the “ 364-Day Credit Agreement ”) with the banks, financial institutions and other institutional lenders party thereto, Bank of America, N.A. (“ Bank of America ”), as administrative agent, and JPMorgan Chase Bank, N.A. and Wells Fargo Bank, National Association, as syndication agents.”

Darius Adamczyk changed role as Executive Chairman of the Board at HONEYWELL INTERNATIONAL INC.

“Mr. Adamczyk will cease to be CEO but remain as an employee of the Company in the capacity of Executive Chairman of the Board.”

Vimal Kapur was appointed as Chief Executive Officer at HONEYWELL INTERNATIONAL INC.

“Mr. Kapur will succeed Honeywell’s current Chairman and CEO, Mr. Darius Adamczyk, as CEO effective June 1, 2023 (the “Effective Date”).”

Vimal Kapur was appointed as Director at HONEYWELL INTERNATIONAL INC.

“Mr. Vimal Kapur, age 57, was appointed to the Board of Directors (the “Board”) of Honeywell International Inc. (“Honeywell” or the “Company”).”

HONEYWELL INTERNATIONAL INC reported financial results for fourth quarter and full year 2022.

“On February 2, 2023, Honeywell International Inc. (the “Company”) issued a press release announcing its fourth quarter and full year 2022 earnings, which is furnished herewith as Exhibit 99.”

HONEYWELL INTERNATIONAL INC entered into Amended and Restated Buyout Agreement with North American Refractories Asbestos Personal Injury Settlement Trust, NARCO Trust Advisory Committee, Lawrence Fitzpatrick as NARCO Asbestos Future Claimants Representative valued at $1.325 billion (effective 2022-11-20).

“On November 18, 2022, Honeywell entered into a definitive agreement (the “Buyout Agreement”) with the North American Refractories Asbestos Personal Injury Settlement Trust (the “Trust”), and on November 20, 2022, in exchange for the NARCO Trust Advisory Committee (the “TAC”) and Lawrence Fitzpatrick, in his capacity as the NARCO Asbestos Future Claimants Representative (the “FCR”), becoming parties to the Buyout Agreement, Honeywell, the Trust, the TAC, and the FCR entered into an Amended and Restated Buyout Agreement (the “Amended Buyout Agreement”).”

HONEYWELL INTERNATIONAL INC amended Amended and Restated Buyout Agreement with North American Refractories Asbestos Personal Injury Settlement Trust, the NARCO Trust Advisory Committee, and Lawrence Fitzpatrick as NARCO Asbestos Future Claimants Representative (effective 2022-11-20).

“On November 20, 2022, in exchange for the NARCO Trust Advisory Committee (the “TAC”) and Lawrence Fitzpatrick, in his capacity as the NARCO Asbestos Future Claimants Representative (the “FCR”), becoming parties to the Buyout Agreement, Honeywell, the Trust, the TAC, and the FCR entered into an Amended and Restated Buyout Agreement (the “Amended Buyout Agreement”) among other things (i) to remove the provision providing for the automatic termination of the Buyout Agreement if the Buyout Closing has not occurred by March 31, 2023, and instead (ii) to provide for a dollar for dollar credit against the Buyout Amount for (A) the dollar amount of claims against the Trust entered into a payment queue and funded by Honeywell, in each case after March 31, 2023, until the Buyout Closing, and (B) HWI Net Dividends (as defined in the Amended Buyout Agreement) actually received by the Trust after March 31, 2023 until the Buyout Closing.”

HONEYWELL INTERNATIONAL INC entered into Buyout Agreement with North American Refractories Asbestos Personal Injury Settlement Trust valued at $1.325 billion (effective 2022-11-18).

“On November 18, 2022, Honeywell entered into a definitive agreement (the “Buyout Agreement”) with the North American Refractories Asbestos Personal Injury Settlement Trust (the “Trust”), providing for the elimination of Honeywell’s funding obligations to the Trust. Subject to the terms of the Buyout Agreement (including the satisfaction of the conditions noted below), Honeywell will make a one-time, lump sum payment in the amount of $1.325 billion (subject to adjustment as described in the Buyout Agreement) (the “Buyout Amount”) to the Trust in exchange for the release by the Trust of Honeywell from all further and future obligations of any kind related to the Trust”

HONEYWELL INTERNATIONAL INC incurred senior notes of $1,100,000,000 of its 5.000% Senior Notes due 2033 with Deutsche Bank Trust Company Americas at 5.000% maturing 2033.

“The Notes were issued pursuant to the terms of the indenture, dated as of March 1, 2007, between the Company and Deutsche Bank Trust Company Americas, as trustee, as amended by the first supplemental indenture dated as of October 27, 2017, the second supplemental indenture dated March 10, 2020 and the third supplemental indenture dated as of October 22, 2021 (the “Indenture”).”

HONEYWELL INTERNATIONAL INC incurred senior notes of $500,000,000 aggregate principal amount of its 4.950% Senior Notes due 2028 with Deutsche Bank Trust Company Americas at 4.950% maturing 2028.

“The Notes were issued pursuant to the terms of the indenture, dated as of March 1, 2007, between the Company and Deutsche Bank Trust Company Americas, as trustee, as amended by the first supplemental indenture dated as of October 27, 2017, the second supplemental indenture dated March 10, 2020 and the third supplemental indenture dated as of October 22, 2021 (the “Indenture”).”

HONEYWELL INTERNATIONAL INC incurred senior notes of $400,000,000 aggregate principal amount of its 4.850% Senior Notes due 2024 with Deutsche Bank Trust Company Americas at 4.850% maturing 2024.

“The Notes were issued pursuant to the terms of the indenture, dated as of March 1, 2007, between the Company and Deutsche Bank Trust Company Americas, as trustee, as amended by the first supplemental indenture dated as of October 27, 2017, the second supplemental indenture dated March 10, 2020 and the third supplemental indenture dated as of October 22, 2021 (the “Indenture”).”

HONEYWELL INTERNATIONAL INC incurred senior notes of €1,000,000,000 aggregate principal amount of its 4.125% Senior Notes due 2034 with Deutsche Bank Trust Company Americas at 4.125% maturing 2034.

“completed a public offering of €1,000,000,000 aggregate principal amount of its 4.125% Senior Notes due 2034”

HONEYWELL INTERNATIONAL INC reported third quarter 2022 results: EPS $2.28. Guidance raised.

“Honeywell (NASDAQ: HON) today announced results for the third quarter, which met or exceeded the company's guidance. The company also raised the low end of its full-year organic growth and adjusted EPS guidance 2,3 ranges and raised its full-year segment margin guidance range.”

George Paz departed as Chair of the Audit Committee at HONEYWELL INTERNATIONAL INC.

“Mr. Davis succeeds Mr. George Paz, who passed away on October 23, 2022.”

D. Scott Davis was elected as Chair of the Audit Committee at HONEYWELL INTERNATIONAL INC.

“On October 25, 2022, Mr. D. Scott Davis, 70, independent Lead Director of Honeywell International Inc. (the “Company”) and a member of the Company’s Audit Committee, was elected to serve as the Chair of the Audit Committee, with immediate effect.”

Vimal Kapur changed role as Chief Operating Officer at HONEYWELL INTERNATIONAL INC.

“Mr. Kapur will continue to serve as the Company’s Chief Operating Officer and as an executive officer of the Company.”

Robin Watson was appointed as independent Director at HONEYWELL INTERNATIONAL INC.

“On September 1, 2022, Robin Watson, 55, former Chief Executive Officer of John Wood Group PLC, was appointed to the Board of Directors of Honeywell International Inc. (the “Company”) as an independent Director, with immediate effect.”

Vimal Kapur was elected as President and Chief Operating Officer at HONEYWELL INTERNATIONAL INC.

“On July 25, 2022, the Board of Directors of Honeywell International Inc. (the “Company”) elected Mr. Vimal Kapur, age 56, to the role of President and Chief Operating Officer of the Company, effective as of July 28, 2022.”

Rose Lee was appointed as Independent Director at HONEYWELL INTERNATIONAL INC.

“On January 18, 2022, Rose Lee, 56, president and CEO of Cornerstone Building Brands, Inc., was appointed to the Board of Directors of Honeywell International Inc. (the “Company”) as an independent Director, with immediate effect.”

John F. Waldron was appointed as President and Chief Executive Officer of Safety and Productivity Solutions segment at HONEYWELL INTERNATIONAL INC.

“Mr. Waldron will continue to serve as President and Chief Executive Officer of SPS until April 1, 2022, when he will then be appointed to another senior leadership role within Honeywell.”

George Koutsaftes was elected as President and Chief Executive Officer of Safety and Productivity Solutions segment at HONEYWELL INTERNATIONAL INC.

“and has been elected by the Board of Directors to succeed Mr. John F. Waldron, age 46, as President and Chief Executive Officer of SPS and as an executive officer of the Company, effective April 1, 2022.”

George Koutsaftes was appointed as Chief Operating Officer of Safety and Productivity Solutions segment at HONEYWELL INTERNATIONAL INC.

“Mr. George Koutsaftes, age 52, has been appointed Chief Operating Officer of its Safety and Productivity Solutions segment (“SPS”), effective immediately”

Doug Wright was appointed as President and Chief Executive Officer of HBT at HONEYWELL INTERNATIONAL INC.

“Mr. Doug Wright, age 51, has been appointed to succeed Mr. Kapur as President and Chief Executive Officer of HBT.”

Vimal Kapur was appointed as President and Chief Executive Officer of PMT at HONEYWELL INTERNATIONAL INC.

“Mr. Vimal Kapur, age 55, has been appointed to succeed Mr. Gautam as President and Chief Executive Officer of PMT.”

Rajeev Gautam departed as President and Chief Executive Officer of the Performance Materials and Technologies segment at HONEYWELL INTERNATIONAL INC.

“On July 14, 2021, Rajeev Gautam, President and Chief Executive Officer of the Performance Materials and Technologies segment (“PMT”) of Honeywell International Inc. (the “Company”), communicated his intent to retire from the Company effective as of August 13, 2021 (the “Retirement Date”).”