Trending: Honeywell International Realigns Business Segments
11 October 2023 - 5:22AM
Dow Jones News
1352 ET -- Honeywell International is one of the most mentioned
companies in the U.S. across all news items in the last 12 hours,
according to Factiva data. Honeywell realigned its business
segments around what it calls the three "compelling megatrends" of
automation, the future of aviation and energy transition. The
company said Tuesday the shift within its businesses, set to take
effect in the first quarter of 2024, will drive organic sales
growth and inorganic capital deployment. The new reporting
structure will include four business units: aerospace technologies,
industrial automation, building automation, and energy and
sustainability solutions. Honeywell previously reported its results
were segmented by aerospace, building technologies, performance
materials and technologies, and safety and productivity solutions.
Dow Jones & Co. owns Factiva. (matthew.walker@dowjones.com)
(END) Dow Jones Newswires
October 10, 2023 14:07 ET (18:07 GMT)
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