Latest news with #Honeywell
Tourism Breaking News
10 hours ago
- Business
- Tourism Breaking News
Seamless, Smart, and Sustainable: Honeywell's Vision for the Future of Airport Operations
Post Views: 441 As global airports continue to evolve to meet growing passenger demand and sustainability targets, Honeywell is at the forefront of shaping that transformation. TravTalkME speaks with Nabil Cheqroun, Chief Commercial Officer, Honeywell Building Automation, on the sidelines of the Airport Show about the technologies which help achieve the seamless and smart services for the passengers. At the Airport Show this year, Honeywell showcased its suite of cutting-edge technologies designed to enhance airport efficiency, passenger experience, and environmental responsibility. 'Our focus is based on three strategic pillars: delivering a seamless passenger journey, ensuring resilient operations, and accelerating the path to net zero,' said Nabil Cheqroun, Chief Commercial Officer, Honeywell Building Automation. 'We're showcasing several innovations that are already making a significant impact in airports around the world.' A Seamless Journey: Follow the Green One of Honeywell's standout solutions is Navitas, the 'Follow the Green' technology. This system enables aircraft to taxi from runway to gate in the most efficient and safe manner possible. 'Navitas helps reduce downtime and fuel consumption, improving turnaround time while significantly cutting carbon emissions,' explained Cheqroun. Complementing this is Honeywell's latest Visual Docking Guidance System (VDGS), which ensures precise docking of aircraft. 'Accuracy is critical in airport operations, and VDGS provides pilots with exact guidance to reach the correct gate position,' he added. Unified Airport Intelligence Honeywell also emphasizes integration with its Command and Control Suite, a platform that connects building management systems, fire safety, and security infrastructure. This unified view streamlines airport operations both landside and airside, enabling quicker response times and optimized resource management. 'Our Enterprise Building Integration (EBI) solution is built to manage complex airport environments. Whether it's lighting, HVAC, or emergency response, EBI brings everything under one intelligent dashboard,' said Cheqroun. Predictive Maintenance & Energy Efficiency In the realm of sustainability, Honeywell brings a tangible edge. Around 40% of its equipment is made using sustainable sources, and its building automation focuses heavily on energy efficiency and predictive maintenance. 'Our FORGE platform is agnostic, meaning it can integrate with any manufacturer's hardware,' noted Cheqroun. 'It uses data analytics to monitor asset performance and predict failures before they occur, helping operators maximize lifecycle value without impacting airport operations.' These capabilities not only support environmental goals but also reduce operational costs by optimizing energy use and improving system reliability. Supporting Regional Growth Honeywell's legacy in the region spans over seven decades, and that deep understanding of local market needs gives it a significant advantage. 'We've co-developed technologies with airport authorities in the region. That collaboration has allowed us to tailor our solutions to the specific climate, infrastructure, and regulatory requirements,' said Cheqroun. 'For airport operators looking to modernize, our long-standing presence and experience make Honeywell a trusted partner.' Looking Ahead While the focus at the Airport Show was primarily on airport operations, Honeywell's technologies also contribute to the cargo sector, offering similar operational and sustainability benefits. As airports expand to meet the demands of rising air cargo volumes, such solutions will play an even greater role. In closing, Cheqroun reinforced the company's commitment: 'Honeywell is not just showcasing technology. We are enabling airports to operate smarter, greener, and more efficiently—from gate to runway to terminal.' For stakeholders in airport infrastructure and operations across the Middle East and beyond, Honeywell's integrated solutions represent a comprehensive, future-ready approach to aviation.
Yahoo
15 hours ago
- Business
- Yahoo
3M Rises 40.2% in a Year and Outpaces Industry: Should You Buy the Stock Now?
3M Company's MMM shares have gained 40.2% over the past year, outperforming the S&P 500's growth of 9.4% and the Zacks Diversified Operations industry's growth of 3%. The diversified technology company has also outperformed industry players like Honeywell International Inc. HON and Carlisle Companies Incorporated CSL, which have returned 3.6% and lost 15.3%, respectively, over the same time frame. Image Source: Zacks Investment Research Closing at $142.51 in the last trading session, the stock is trading below its 52-week high of $156.35 but significantly higher than its 52-week low of $98.26. 3M stock is trading above both its 50-day and 200-day moving averages, indicating solid upward momentum and price stability. This reflects a positive market sentiment and confidence in the company's financial health and long-term prospects. Image Source: Zacks Investment Research The strongest driver of 3M's business at the moment is solid momentum in the Safety and Industrial segment, driven by strength in roofing granules, industrial adhesives and tapes, and electrical markets. Strong demand for cable accessories, driven by an increase in the construction of data centers and renewable energy projects, is driving the segment's performance. Also, an increase in demand for industrial and electronics bonding solutions has been proving the first quarter of 2025, revenues from the electrical, industrial adhesives and tapes markets grew in the high-single-digit range, while the same from roofing granules, industrial specialties and personal safety markets increased in the low-single-digit range. The Safety and Industrial segment's organic sales improved 2.5% year over year in the company's Transportation and Electronics segment is witnessing strength in the aerospace market. Robust momentum in the commercial aircraft and defense-related business and project wins in the advanced materials business are proving beneficial for the aerospace market's revenues increased in the low-double-digit range in the first quarter, while the same from the advanced materials market grew in the high-single-digit range. The Transportation and Electronics segment's adjusted organic sales grew 1.1% in the quarter. However, persistent weakness in the automotive electrification market, due to lower automotive OEM build rates, has remained a major concern.3M remains focused on rewarding its shareholders through dividend payouts and share buybacks. In first-quarter 2025, it used $396 million in paying out dividends and $1.3 billion in buybacks. Also, in 2024, it paid dividends worth $2 billion and repurchased shares for $1.8 billion. In February 2025, the quarterly dividend was hiked by 4%. For 2025, it expects to repurchase shares worth $2 billion. 3M has been grappling with persistent weakness in the Consumer segment due to soft consumer discretionary spending. The segment's revenues declined 1.4% in the first quarter, following a 1.9% decrease in 2024. There was a particular weakness in the command and packaging expression businesses. It expects consumer retail discretionary spending on hardline goods to remain muted in the near term, which is likely to hurt its overall the first quarter, 3M's long-term debt was high at $12.3 billion, reflecting an increase of 10.8% sequentially. Also, interest expenses in the quarter remained high at $255 million. Its short-term borrowings and current portion of long-term debt totaled $1.2 billion. 3M's long-term debt-to-capital ratio is currently pegged at 73.1%, higher than the industry's 54%. High debt levels, if not controlled, can increase financial obligations and prove detrimental to profitability in the quarters also operates in the highly competitive electronics, transportation, aerospace, defense and other markets, comprising well-recognised providers of highly engineered products. As one of its peers, Honeywell serves as a global diversified technology and manufacturing company, with diversified products and services. Carlisle, another peer, engages in the design, manufacture and sale of a wide range of roofing, waterproofing and engineered products, and finishing equipment. Earnings estimates for 3M have moved down over the past 60 days. Earnings estimates for second-quarter 2025 and 2025 have declined 1% and 0.9%, respectively. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.) Image Source: Zacks Investment Research MMM is trading at a premium to industry peers with a forward 12-month price-to-earnings (P/E) multiple of 17.96X. The current valuation is above its five-year median of 15.98X and has surpassed the broader industry's multiple of 16.37X. In comparison, Honeywell and Carlisle are trading at 20.56X and 15.11X, respectively. Image Source: Zacks Investment Research Despite 3M's several upsides and robust share price returns, the near-term challenges, such as weakness in the retail market, high debt level and premium valuation, are limiting this Zacks Rank #3 (Hold) company's near-term prospects. While current shareholders should hold their positions, new investors should wait for the stock to retract some of its recent gains and provide a better entry can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Honeywell International Inc. (HON) : Free Stock Analysis Report 3M Company (MMM) : Free Stock Analysis Report Carlisle Companies Incorporated (CSL) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
16 hours ago
- Business
- Globe and Mail
Dividend-paying conglomerates with break-up potential that may reward investors
Sustainable dividends from conglomerates well placed to unlock holding company discounts. Honeywell International Inc. HON-Q shares rose early this week after the industrial conglomerate reiterated plans to split into three independent companies. The move, spurred by activist investor Elliott Investment Management, should further lift Honeywell's share price and so shrink its 'holding company discount.' That's the tendency for multifaceted conglomerates to trade for less than the total value of their various parts. Holding companies often see their share prices rise after opting to break themselves up into their constituent businesses. Essentially, the market finds it easier to assess the value of 'pure-play' firms. We started with our extensive list of dividend-paying Canadian and U.S. companies, before singling out conglomerates offering steady growth prospects – as well as breakup potential. We then applied our TSI Dividend Sustainability Rating System to home in on top dividend payers. Our system awards points to a stock based on key factors: Companies with 10 to 12 points have the most secure dividends, or the highest sustainability. Those with seven to nine points have above average sustainability; average sustainability, four to six points; and below average sustainability, one to three points. TSI Network is the online home of The Successful Investor Inc. – the group of widely followed Canadian investment newsletters by editor and publisher Pat McKeough. They include our award-winning flagship newsletter, The Successful Investor, and the TSI Dividend Advisor. TSI Network is also affiliated with Successful Investor Wealth Management. Our TSI Dividend Sustainability Rating System generated five stocks: Montreal-based Power Corp. of Canada POW-T holds controlling interest in Great-West Lifeco Inc., IGM Financial Inc. and much more. Calgary-headquartered ATCO Ltd. ACO-X-T owns 52.5 per cent of Canadian Utilities Ltd. CU-T but also ATCO Structures & Logistics and 40 per cent of Neltume Ports; the latter operates 18 ports and related operations in South America. Honeywell International Inc., based in North Carolina, had already spun off two subsidiaries (Resideo Technologies Inc. and Garrett Motion Inc. GTX-Q) to shareholders in 2018 and now plans to break up even further. Global conglomerate 3M Co. MMM-N, with headquarters in Minnesota, sells a wide array of products with little overlap and so has a lot of breakup potential. In fact, it spun off its health care unit as Solventum Corp. SOLV-N last year. Washington-based Danaher Inc. DHR-N has made a number of breakup moves in the past but still has a varied range of businesses well-positioned for hiving off as standalone firms. We advise investors to do additional research on investments we identify here. Scott Clayton, MBA, is senior analyst for TSI Network and associate editor of TSI Dividend Advisor.
Indian Express
a day ago
- Business
- Indian Express
PU's institute achieves 95.5% placement for BE Chemical Engineering students in 2024-25
As many as 95.5% of BE Chemical Engineering programme students of Dr Shanti Swarup Bhatnagar University Institute of Chemical Engineering and Technology (SSBUICET), Panjab University, have already secured placement during the 2024–25 placement season. Out of 72 eligible students, 69 have secured placements, 64 in reputed national and multinational companies and five through admissions into top-tier institutions, including IIT BHU, IIM Amritsar, The University of Tokyo, and Medical College of Wisconsin, USA. The highest package offered on campus reached Rs 19.25 LPA, while the top 10% of students received an average of Rs 12.35 LPA. Recruiters spanned key sectors such as process design, refinery operations, renewable energy, and pharmaceuticals, with participation from leading companies like Honeywell, Engineers India Ltd, Jubilant Ingrevia, UPL, Reliance Industries, Aarti Industries, Oriana Power, and GreyB. Across all three undergraduate programmes, BE Chemical Engineering, Integrated Chemical + MBA, and BE Food Technology, SSBUICET this year achieved an impressive overall placement rate of 92% (100 out of 109 students), with placements still ongoing. In Chemical Engineering, Diksha Kumari received the highest package of 19.25 lakh by Engineers India Limited, while Dhawal Gupta secured a package of Rs 11 lakh by Unified Phosphorus Limited and Akshit Mahajan from Honeywell, a package of 10 lakh. In Chemical Engineering with MBA, Raj Mishra got a package of 12 lakh by Deepak Group, and Sunil Prajapat got a package of Rs 7 lakh by GreyB. Commending the achievement, PU Vice Chancellor Prof Renu Vig said, 'Placement is the true test of academic strength and the industry relevance of any programme. SSBUICET students have once again proven their calibre by securing positions in top companies and institutions worldwide. I extend my heartfelt congratulations to the faculty, students, and the Training and Placement Cell for their dedication and consistent efforts toward excellence.' Prof Anupama Sharma, chairperson of SSBUICET, emphasised that the strong performance even during global economic uncertainty reflects the commitment of faculty, alumni, and students. She also thanked the Central Placement Cell for their support through joint campus initiatives. Honorary Director, Central Placement Cell, Prof Meena Sharma, thanked the recruiters for their active participation in the drive. 'The CPC is always ready to assist the institute with placements of its students, as done in the present year and in the past too,' she added. Dr Surinder Singh, Training & Placement Officer of SSBUICET, said that with multiple recruiters still lined up, the institute expects to achieve 100 per cent placements by the end of the academic cycle in June 2025.
Time of India
3 days ago
- Business
- Time of India
Honeywell's India business to enter $1billion club this year
Bengaluru: Honeywell's India business is set to enter the $1 billion revenue club in the 2025 calendar year, up from $900 million, fuelled by the convergence of 5G, cloud, and AI, creating a strong growth tailwind. "India provides an opportunity to grow at double-digits over the next several years for companies like us. It's one of our fastest-growing markets globally. We plan to be a $1 billion company in 2025. The convergence of AI, 5G, and cloud—a powerful trifecta transforming the industries we serve. This unique combination creates significant promise and marks a major inflection point in AI adoption," said Ashish Modi, president of Honeywell India. Honeywell has been present in the country for over nine decades, from licensing technology for the first refinery at Digboi in Assam in the 1930s to supporting the 100 smart cities initiative. Its business powers three megatrends—automation, aviation, and energy transition. It also delivers solutions across aerospace, industrial and building automation, and energy. At the core of Honeywell's technology transformation is its AI-driven platform, Forge. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Irish homeowners eligible for solar 'bonus' if they live in these eircodes Activ8 Learn More Undo Designed to ingest and contextualize diverse data sets, serves as a cross-industry IoT platform that drives digital transformation across people, processes, and assets Honeywell in India has three manufacturing facilities and four global centres of excellence for technology development and innovation. It employs close to 13,000 people across 20 locations in the country. "Over 60% of Honeywell's global software development happens in India, marking a significant Make in India contribution," he said. AI is embedded in three key areas—products. AI-powered tools like Maintenance Assist speed up issue diagnosis and optimise building energy use. In product development, AI-assisted coding accelerates development and reduces time to market, and it leverages AI to enhance productivity across HR, legal, sales, and customer service by supporting employees, not replacing them. Modi said the company recently announced what we call the airport ground lighting system. "We started a new line in the Gurugram factory," he added. Honeywell launched its Airfield Ground Lighting (AGL) manufacturing facility in Gurugram. The 41,000 sq ft facility produces AGL systems essential for safe airport operations and compliance with global aviation standards. India's rapidly growing aviation industry is projected to invest up to $12 billion and expand from 148 to 220 airports by 2025. Honeywell's Airfield Ground Lighting (AGL) solutions, developed and engineered in India, are FAA-certified and comply with ICAO standards. Honeywell's LED-based AGL solutions improve visibility, reduce energy consumption, and offer greater durability and longer lifespan compared to traditional halogen lamps. Modi said that Honeywell teamed up with Navin Fluorine, part of the Padmanabh Mafatlal Group, to manufacture Honeywell's Solstice zd, a hydrofluoroolefin (HFO) that has various applications, including blowing agents for foam insulation and refrigeration liquid for chillers. He is also betting big on the newer opportunities in the maintenance, repair, and overhaul (MRO) space. " The MRO industry in India is valued at $4 billion and growing at 10%–12% annually. Historically, most MRO work was done abroad due to a smaller domestic market and limited incentives for OEMs. That's now changing as scale and demand grow," Modi said.
