Honeywell (HON) Issues Updated Q3 Outlook; Will Adopt FASB ASU Update on Stock Compensation
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Honeywell Updates Financial Guidance For New Reporting Segments, Portfolio Enhancements, And Segment Outlooks
October 6, 2016 5:00 PM EDTMORRIS PLAINS, N.J., Oct. 6, 2016 /PRNewswire/ -- Honeywell (NYSE: HON) today announced it has updated its previous guidance for the third quarter of 2016 to reflect the separation of the former Automation and Control Solutions reporting segment into two new reporting segments; the acquisition of Intelligrated, which closed on August 29, 2016; the sale of the Honeywell Technology Solutions (HTSI) government services business, which closed on September 16, 2016; the spin-off of Resins and Chemicals as AdvanSix Inc., which became effective on October 1, 2016; and lower outlooks in certain business segments.
The company also announced it... More
