Honeywell Says Advanced Materials Business Spin Transaction Will Not Impact Its FY24 Guidance
Portfolio Pulse from Benzinga Newsdesk
Honeywell plans to spin off its Advanced Materials Business by 2025 or early 2026, which will not affect its FY24 guidance. The company is on track to exceed its $25 billion capital deployment goal by 2025, with $9 billion already spent on acquisitions in 2024.
October 08, 2024 | 10:03 am
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Honeywell's spin-off of its Advanced Materials Business is planned for completion by 2025 or early 2026, with no impact on FY24 guidance. The company is on track to exceed its $25 billion capital deployment goal by 2025, having already spent $9 billion on acquisitions in 2024.
The spin-off of the Advanced Materials Business is a significant corporate action, but Honeywell has stated it will not impact FY24 guidance. The company's strong capital deployment strategy, including $9 billion in acquisitions, supports its growth outlook.
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