Honeywell Completes Acquisition Of Carrier Global's Global Access Solutions Business For $4.95B; Updates 2024 Outlook, Changes Non-GAAP Reporting Metrics
Portfolio Pulse from Benzinga Newsdesk
Honeywell has completed the acquisition of Carrier Global's Global Access Solutions business for $4.95 billion. Following the acquisition, Honeywell has updated its 2024 outlook, including full-year sales, segment margin, and adjusted earnings per share guidance under amended non-GAAP reporting metrics.
June 03, 2024 | 11:00 am
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POSITIVE IMPACT
Honeywell has completed the acquisition of Carrier Global's Global Access Solutions business for $4.95 billion. The company has updated its 2024 outlook, including full-year sales, segment margin, and adjusted earnings per share guidance under amended non-GAAP reporting metrics.
The acquisition is a significant strategic move for Honeywell, likely to enhance its market position and financial performance. The updated 2024 outlook suggests positive expectations for sales, margins, and earnings, which should boost investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
Carrier Global has sold its Global Access Solutions business to Honeywell for $4.95 billion. This divestiture may impact Carrier Global's revenue streams and strategic focus moving forward.
While the sale provides Carrier Global with significant capital, it also means the loss of a business segment. The impact on Carrier's overall strategy and revenue will depend on how the company reallocates the proceeds from the sale.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80