QUOTE AND NEWS
Forbes  9 hrs ago  Comment 
The reduced cash flow due to the high capital expenditure has suppressed the value potential for the segment. Given Honeywell's plans to further add capacity to the division, we believe that the capital expenditure will continue to rise and keep...
Forbes  Sep 30  Comment 
Honeywell's market share had declined in the past two years primarily due to slower growth in revenue from Europe and U.S. than the industry. However, going forward, we believe that Honeywell's market share could increase due to its focus on...
SeekingAlpha  Sep 30  Comment 
By Ayush Singh: Industrial player Honeywell (NYSE:HON) has had a rocky ride this year, with the stock having gained just 2.5% so far. However, this flat performance looks like a buying opportunity as Honeywell is reporting consistent growth in its...
Automotive World  Sep 29  Comment 
43 percent of new production vehicles globally will have turbochargers in five years Turbo markets in North America and China estimated to double by 20 Honeywell (NYSE: HON) Turbo Technologies, the leading global developer of automotive...
Wall Street Journal  Sep 29  Comment 
Honeywell International and Tata Power signed an agreement to produce a navigation system in India to cater to the needs of the Indian military.
Market Intelligence Center  Sep 29  Comment 
After Friday’s trading in Honeywell International Inc. (HON) MarketIntelligenceCenter.com's option trade-picking algorithms uncovered a trade that offers a 3.37% or 22.80% (for comparison purposes only), while providing 1.50% downside...
Commodity Online  Sep 29  Comment 
Entrants in the UniSim Design Challenge are judged against four criteria: innovation, industry alignment, benefits and experience/results. Of the projects submitted, the winning team scored highest across all categories.
Forbes  Sep 26  Comment 
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Industrial Select Sector SPDR Fund (AMEX: XLI) where we have detected an approximate $222.0 million dollar outflow --...
Jutia Group  Sep 25  Comment 
[PR Newswire] - CHANDLER, Ariz., Sept. 25, 2014 /PRNewswire/ -- Honeywell (NYSE: HON) Electronic Materials announced today that its advanced materials are being integrated into the production of tablets and smartphones, ... Read more on this. ...
Motley Fool  Sep 23  Comment 
Shares of Honeywell International have several positive catalysts ahead, despite the stock's lack of upside momentum.




 

Honeywell International (NYSE: HON) is an industrial conglomerate that makes airplane controls and engines, turbo chargers for car engines, industrial automation and controls systems and heating and air conditioning systems. Honeywell's $31 billion revenue[1] places it amongst the largest companies in the world. Sales in the US constitute 61% of revenue, but Honeywell's international business has been growing rapidly.

The rising price of oil has affected many of Honeywell's clients in the transportation industry. Auto-makers such as Ford and GM have been forced to close some of their plants, lowering their demand for Honeywell's products. Meanwhile, struggles in the U.S. Housing Market related to the subprime lending crisis have hurt demand in the construction industry. Demand for new heating and air conditioning systems depends upon construction levels, leaving Honeywell exposed to the downturn.

Company Overview

Honeywell is a Fortune 100 company that invents and manufactures technologies to address tough challenges linked to global macrotrends such as safety, security, and energy. With approximately 122,000 employees worldwide, including more than 19,000 engineers and scientists, we have an unrelenting focus on quality, delivery, value, and technology in everything we make and do. [2]Honeywell have continously shown leadership in hiring temporary employees from companies like Adecco SA to keep up with the demand.

Honeywell Reports Full-Year Sales Up 13% to $36.5 Billion; Proforma Earnings Up 35% to $4.05 Per Share; And Reported Earnings Per Share of $2.61

4Q11 sales were up 8% to $9.5 billion versus $8.7 billion in 4Q10 7% organic growth reflects continued strength in most end markets and the contribution of new product launches and geographic expansion.

Operating Segments[3]

The company operates through four major business segments: Aerospace Products and Services; Automation and Control Solutions; Transportation Systems; Specialty Materials.

Aerospace: 35% of Revenue

Honeywell Aerospace sells aircraft engines and other parts to aircraft manufacturers and airlines. The segment's revenue is driven by global demand for air travel - as reflected in new aircraft production, and the demand for spare parts for aircraft currently in use. Honeywell is the largest producer of cockpit electronics, and the company says its products are in virtually every type of aircraft in use.

Automation and Control: 40% of Revenue

The Automation and Control Solutions (ACS) manufactures and installs building control systems, which include Heating and Air Conditioning (HVAC) systems, security and safety systems, and more complex safety systems for industrial uses. The segment's revenues are driven by residential, commercial, and industrial construction, and capital spending on process and building automation. ACS is Honeywell's largest revenue segment, although margins, and hence net income, are lower than those in the company's aerospace segment.


Transportation Systems: 26% of Revenue

Transportation Systems produces car and truck parts, especially engines and filters, under the brands Garrett, Autolite, Prestone and Holts. The segment's revenue is driven by driven by U.S. automobile production. The company's turbo-chargers, which make automobiles more efficient by increasing the air entering engines, are in demand given the rise of oil prices - global turbo-charger sales are expected to grow at three times the rate of automobile sales.

Specialty Materials: 10% of Revenue

Specialty Materials makes raw materials, especially chemicals, for industrial use. While the segment is smaller than the others in terms of sales, the margins are relatively higher.

Trends and Forces

Decreased housing starts due to subprime crisis affects Automation and Control segment revenues

New construction is at its lowest level in five years due to the subprime crisis and slowing home sales. Demand for home safety products and heating/air-conditioning systems depends upon construction levels, leaving Honeywell's Automation and Control division, which produces such systems and constitutes a third of Honeywell's revenues, exposed to the downturn.

High Oil Prices affects Honeywell's Transport Systems business due to reduced demand for automobiles

The rising price of oil has affected many of Honeywell's clients in the transportation industry. Car and car parts sale in the U.S. have declined and Auto-makers such as Ford and GM have been forced to close some of their plants. Revenue from Honeywell's Transportation Systems business, which manufactures automobile parts and contributes 15% of Honeywell's revenues, remains stagnant.

That's a good question! HEPA ifetlrs generally do not rely on external power to ionize the air, and should produce no measurable ozone. Some electrostatic precipitators (and UV germicidal lamps that were used in smoke ifetlrs) do make ozone and possibly some nitrogen oxides, which not only damages textiles and rubber products, but even the lungs with extended use.If there is a metal frame or pins with high voltage across it, it's suspect, but if it has an activated carbon filter afterwards, not much ozone should come through. If there is an on/off switch for the ionizer, just leave it off.There are a number of ozone test kits, from a few dollars for one-time paper test strips (probably what you might use) to machines costing hundreds of dollars.

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