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Analysis of Honeywell International Inc.’s Spin-Off of its Advanced Materials Business

  • February 13, 2025

Honeywell Inc. (HON) is a diversified technology and manufacturing company developing advanced technologies, including control systems, software, sensors, and industrial equipment. Its products and services cater to industries like aviation, energy, logistics, and healthcare, focusing on enhancing efficiency, safety, and sustainability. As of 2024, Honeywell reported revenues of approximately $38.6 billion to $39.7 billion and a net income of about $5.68 billion. The company employs around 95,000 people globally and has been focusing on optimizing its portfolio around three key megatrends: automation, the future of aviation, and energy transition.

The multinational conglomerate established in 1906 and headquartered in Charlotte, North Carolina operates in various sectors: 

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