Press release
HONEYWELL HOSTS 2023 INVESTOR CONFERENCE; HIGHLIGHTS TRANSFORMATION AND VALUE CREATION CAPABILITIES AND PROVIDES UPDATE TO LONG-TERM FINANCIAL FRAMEWORK
CHARLOTTE, N.C., May 11, 2023 /PRNewswire/ -- Honeywell (NASDAQ: HON) will host its investor conference at the Nasdaq MarketSite in New York City today. The
About this update from Honeywell International Inc.
[{"type":"text","content":"CHARLOTTE, N.C., May 11, 2023 /PRNewswire/ -- Honeywell (NASDAQ: HON) will host its investor conference at the Nasdaq MarketSite in New York City today. The leadership team will provide an update on Honeywell's CEO transition, ongoing transformational efforts, favorable end market set-up, sustainability and software initiatives, and capital deployment priorities as the company enters a new phase of growth acceleration.\n\n \n \n \n \n \n \n\n \nThe company will speak with investors today about the following:\nLong track record of shareholder value creationNext stage of Honeywell's transformationIncoming CEO priorities including accelerating organic growth, enhancing Honeywell's operating system, and further optimizing the portfolioMergers and acquisitions process overview and example target company profilesHoneywell's ongoing commitment to sustainability and ESG excellenceAn update to the long-term financial framework outlined in March 2022\"In the 14 months since our last Investor Day, the macroeconomic backdrop has continued to evolve and the operating environment has remained challenging. However, we successfully delivered on our long-term financial commitments in 2022 while continuing to invest for the future of Honeywell,\" said Darius Adamczyk, Chairman and Chief Executive Officer of Honeywell. \"Over the last seven years we have transformed Honeywell into a leaner, more innovative organization, and demonstrated our operational prowess by seamlessly navigating a myriad of economic headwinds. We have streamlined our manufacturing footprint and cost base and digitalized many core processes throughout our value chain. We also revitalized our operating system and innovation engine, making the business simpler and more agile. Today we will talk about how these transformational efforts have positioned Honeywell to confidently enter the next phase of its journey. Honeywell's future is bright, and as I transition to the Executive Chairman role next month, I am extremely confident that Honeywell will thrive under Vimal's leadership.\"\nVimal Kapur, Chief Operating Officer and incoming Chief Executive Officer for Honeywell, commented, \"I am both excited and humbled to lead Honeywell, a high-performing company with a leading portfolio of technologies that is solving the world's toughest challenges. During the 34 years that I have sp...