Honeywell Stock Slides After Hours On Updated 2024 Outlook

Adam Eckert

December 02, 2024

Honeywell International Inc (NASDAQ:HON) shares are trading lower in Monday’s after-hours session after the company announced a strategic agreement with Bombardier and cut its near-term 2024 outlook.

What Happened: Honeywell announced the signing of an agreement with jet manufacturer Bombardier to provide advanced technology to current and future Bombardier aircraft.

Under the partnership, the companies will collaborate on the development of Honeywell avionics and work to certify and offer JetWave X for both new production and aftermarket installations. Bombardier will also have access to Honeywell’s full suite of L-Band satellite communications products and antennas.

Honeywell noted that all legacy pending litigation between the two companies has been resolved. The company estimated that the value of the partnership will be around $17 billion over its lifetime.

“This is a tremendous opportunity to co-innovate and advance next-generation technologies, including Anthem avionics and engines,” said Vimal Kapur, chairman and CEO of Honeywell.

“Growing our long-term collaborative relationship with Bombardier is directly connected to Honeywell’s focus on compelling megatrends — automation, the future of aviation, and energy transition.”

See Also:

As a result of the strategic agreement, Honeywell expects its near-term financials to be negatively impacted. Fourth-quarter revenue is now expected to be approximately $400 million lower than previous guidance, while earnings are expected to be about 47 cents per share lower than previous guidance.

Honeywell lowered its full-year 2024 revenue guidance from a range of $38.6 billion to $38.8 billion to a new range of $38.2 billion to $38.4 billion, versus estimates of $38.69 billion. Honeywell also lowered its full-year earnings outlook from a range of $10.15 to $10.25 per share to a new range of $9.68 to $9.78 per share, versus estimates of $10.19 per share.

Honeywell now anticipates a full-year operating cash flow of $5.8 billion to $6.1 billion and a full-year free cash flow of $4.6 billion to $4.9 billion.

HON Price Action: Honeywell shares were down 2.93% at $223.21 after-hours at publication Monday, per Benzinga Pro.

Photo: Shutterstock.

Recommended

Limited Time Offer -- Weiss' Gold Playbook - Ad

Trump's next move could be the catalyst that triggers Bitcoin's next BIG breakout - Ad

Bitcoin Hits $106K: Trump's Next Move Could Trigger $200K - Ad

Blue Origin, SpaceX attempted important launch missions on Thursday and witnessed their respective founders develop a cordial relationship.

Jim Cramer Questions Nvidia's Trading Pattern Amid Positive TSMC Earnings And Biden's China Export Regulations

NVIDIA Corp. is facing renewed market scrutiny as Jim Cramer questioned the stock's trading pattern on Thursday, amid growing concerns over China sanctions and positive earnings from key supplier Taiwan Semiconductor Manufacturing Co.

Declassified: "Amazon Coin" Revealed

Declassified: "Amazon Coin" Revealed - Ad

Starting January 20th, this tiny 3-cent crypto just partnered with one of the biggest companies in the world... Amazon. Declassified video reveals "Amazon Coin" ahead of $27 trillion crypto revolution. One team of crypto experts have identified it as the most promising crypto of 2025.

Starship Explodes During Flight Test, Elon Musk Says: 'Success Is Uncertain, But Entertainment Is Guaranteed!'

On Thursday, Jan. 16, 2025, SpaceX lost its Starship upper stage during a test flight, with Elon Musk humorously noting, "Success is uncertain, but entertainment is guaranteed!"

Progressives are frustrated by Biden's final-days warning of billionaire influence

NEW YORK (AP) — The Democratic Party's left wing has warned for decades that America is moving toward in which a handful of billionaires controls much of the nation's wealth and political power.

Urgent: Buy This Before Bitcoin Hits $125,000

Urgent: Buy This Before Bitcoin Hits $125,000 - Ad

Discover the $25 Bitcoin secret that could turn into a fortune soon. Historically, this secret investment soared by 6,865%, surpassing Bitcoin's own performance. This has nothing to do with buying Bitcoin or any Bitcoin ETFs... You can easily access this secret investment through your standard brokerage account.

XRP Market Value Could Skyrocket 5X If This Trading Pattern Completes, Says Veteran Trader Peter Brandt

Legendary trader Peter Brandt predicted a possible $500 billion market cap for payments-focused cryptocurrency XRP (CRYPTO: XRP) on Monday if certain trading patterns come to fruition.

$125 Million Home of Luminar CEO Gutted in LA Wildfires After Week of Gains for Company

The most expensive home in California's Pacific Palisades, owned by Luminar Technologies CEO Austin Russell, has been ravaged by the ongoing Los Angeles wildfires.

Why the Market Is Betting Big on This iGaming Stock

Why the Market Is Betting Big on This iGaming Stock - Ad

A 20% retention rate, insider confidence, and a recent launch in the $12B Latin American market are driving momentum. With market catalysts set to unfold, the time to act is now--Find out why investors are excited here.

Plug Power, Capri And Frontline Are Among Top Mid Cap Gainers Last Week (Jan 6-10): Are The Others In Your Portfolio?

These mid-cap stocks had impressive gains last week, including Inari Medical, Unifirst Corporation, and Walgreens. Are they in your portfolio?

What to do with your 401(k) when you retire

For many employees, what to do with a 401(k) plan at retirement has been a foregone conclusion: .

Collect Passive AI Income Every 90 Days

Collect Passive AI Income Every 90 Days - Ad

Tech giants like Amazon, Google, and OpenAI are paying BILLIONS to access this critical AI tech.

Jimmy Carter's Funeral: 5 Living Presidents Attend; Family, Colleagues Share Warm, Humorous Stories

Jimmy Carter's state funeral united five living U.S. presidents, including Trump and Obama. Carter was remembered as a peace-seeking leader.

Scholz Warns of Tension with Trump as Border Integrity and NATO Spending Loom Over Germany's Election

German Chancellor Olaf Scholz has raised concerns over President-elect Trump's moves on border integrity.

The IPO Turning Heads

The IPO Turning Heads - Ad

A groundbreaking IPO has hit the NYSE-A, targeting a $60B market. This company's mission to produce up to 2.4 million tons of potash annually could supply 20% of Brazil's current potash needs. It's a rare chance to explore this IPO opportunity while it's still fresh.

Austrian far right and conservatives reach budget accord in a step toward new government

VIENNA (AP) — Austrian far-right leader Herbert Kickl and his prospective coalition partners said Monday that they have reached an agreement to bring down the budget deficit, an important first step toward what would be the country's first post-World War II government led by the far right.

B2Gold Meets 2024 Guidance, Cuts Dividend To Fuel Growth Plans

B2Gold Corp (BTG) expects higher production in 2025 with new projects and agreements in place, despite challenges in Mali and a dividend cut.

Get Your Retirement Plan in Shape in 2025

Get Your Retirement Plan in Shape in 2025 - Ad

The clock is ticking -- make the most of Q1 to set up a retirement plan that works for you. Datalign Advisory can help you get everything in order before tax time.

US economy likely added 153,000 jobs last month, returning to normal after strike and hurricanes

WASHINGTON (AP) — Getting a clear view of the U.S. job market hasn’t been easy the past few months.

Wall Street's Bonus Frenzy: Top Investment Bankers Eye Double-Digit Pay Boosts As Markets Flourish

Wall Street gearing up for generous bonuses, with top traders and bankers set to see 10%+ increases due to robust revenues. Record decade of bonuses expected to continue thanks to strong trading.

"Boring Trade" Generates $185 Every Day. Like Clockwork.

"Boring Trade" Generates $185 Every Day. Like Clockwork. - Ad

Forget cryptos, pot stocks, and other "shiny object" investments. Instead, you could collect an average of $185 every day of the year with this "boring" trade strategy Forbes magazine says is "like finding money in the street."

California's $10 Trillion Property Market Faces Unprecedented Threat From Wildfires

California's $10 trillion residential property market is under siege as wildfires wreak havoc across the southern part of the state.

Biden's administration proposes new rules on exporting AI chips, provoking an industry pushback

WASHINGTON (AP) — The Biden administration is proposing a new framework for the exporting of the used to develop , an attempt to balance national security concerns about the technology with the economic interests of producers and other countries.

Brazil's Potash Powerhouse?

Brazil's Potash Powerhouse? - Ad

Brazil relies on imports for over 95% of its potash--but a new $30M NYSE-A IPO could change that. This company's bold plan to produce potash locally could significantly reduce the price for potash, fueling Brazil's agriculture and bringing significant profit potential. The timing couldn't be better.

Here's How Trump Could Wipe Out 40% of Tesla's Profits After Taking Office, According To JPMorgan Analyst

The profitability of Tesla Inc. could be severely impacted under the second Trump administration, with a potential 40% decrease.

Supreme Court to weigh reinstating Obamacare care requirements struck down by lower court

WASHINGTON (AP) — The Supreme Court agreed Friday to consider reinstating some preventative care coverage requirements under that were struck down by a lower court.

Porter Stansberry: These Are Trump's 10 Secret Stocks

Porter Stansberry: These Are Trump's 10 Secret Stocks - Ad

Ten investments secretly owned by Trump's biggest backers. Ten investments intrinsically tied to the policies Trump will put in place. Ten investments with the potential to return 10x or more... but only if you act right now.

Meta's 'Community Notes' To Exempt Paid Ads, Marketers Left Puzzled About Organic Content Risks: Report

Meta's new "Community Notes" feature will focus solely on organic content, excluding paid advertisements, leaving marketers uncertain about the implications for organic sponsored content strategies.

Stock Of The Day: Is Walgreens Breaking Out?

Shares of Walgreens (WBA) are trading higher on an earnings beat. They may be breaking the resistance around the $11 level.

Revealed: Buffett's $4.9 Billion Secret

Revealed: Buffett's $4.9 Billion Secret - Ad

Over the last decade, the "Oracle of Omaha" has quietly made an extra $4.9 billion using a low-risk strategy. Jim Fink has used the same strategy to deliver an 84.7% winning rate for his subscribers.

European Investment Bank to boost funds for Bangladesh as it weathers political turmoil

DHAKA, Bangladesh (AP) — A senior official of the European Investment Bank says the regional lending agency is keen to double its funding for Bangladesh, but she expressed concern over as the country endures a spell of political turmoil.

Rudy Giuliani's Legal Crisis Intensifies With Second Contempt Ruling in One Week

Rudy Giuliani has been held in contempt of court for the second time this week for continuing to spread false claims about Georgia election workers.

Is This Defi Coin Your Next "10-Bagger" Investment?

Is This Defi Coin Your Next "10-Bagger" Investment? - Ad

Our #1 pick in decentralized finance is largely overlooked by mainstream investors (for now). This governance token could skyrocket as DeFi adoption surges with the smart money and institutions.

Boeing's aircraft deliveries and orders in 2024 reflect the company's rough year

Boeing delivered less than half the number of commercial aircraft to customers than in 2024 as the American aerospace giant's output suffered under intensified government scrutiny and a , according to data released Tuesday.

Trump Cabinet Confirmation Hearings Begin Tuesday: Pete Hegseth, Doug Collins Up First

President-elect Donald Trump's cabinet picks are set to begin the confirmation process with several appearing before Senate committees this week. Former Fox News host Pete Segeth and former Georgia congressman Doug Collins are up first on Tuesday.

The $20 Stock Powering NVIDIA, TESLA, and Microsoft

The $20 Stock Powering NVIDIA, TESLA, and Microsoft - Ad

The biggest AI firms in the world... All rely on this single company. And right now, you can get in for only $20 - but not for long.

eVTOL Market Soars Too High? Analyst Gives Archer, Joby Downgrades

JPMorgan downgrades Archer and Joby Aviation stocks, noting they have surged past what fundamentals justify due to market enthusiasm and regulatory challenges.

Question on ASEAN stumped Hegseth at Senate hearing. What is it and why is it important?

BANGKOK (AP) — Sen. Tammy Duckworth, grilling President-elect choice for defense secretary over whether he had the “breadth and depth of knowledge” needed to lead international negotiations, asked if could name one member of the , describe what type of agreement the U.S. had with the countries and how many nations were in the bloc.

Shocker: Trump's 1st Day Could Change Everything

Shocker: Trump's 1st Day Could Change Everything - Ad

Legendary investor Louis Navellier, who correctly predicted Trump's win... Believes this "day-one" Trump move is about to create a rare opportunity for everyday Americans like you to turn a small stake into real wealth in the stock market. But hurry...

IRS is sending out automatic stimulus payments. Who is getting them?

The IRS it's distributing about $2.4 billion to taxpayers who didn't receive their COVID stimulus payments. By the end of January, approximately 1 million taxpayers will receive special payments of up to $1,400 from the IRS.

Trending Now