Reuters.Honeywell (NASDAQ:) announced today plans to restructure its business segments to align with three significant megatrends: automation, the future of aviation, and energy transition.
This strategic shift aims to drive accelerated organic sales growth and capital deployment, ultimately delivering greater value to shareholders. The new segmentation will come into effect in the first quarter of 2024.
Honeywell shares rose 0.6% on the announcement.
Under the updated reporting structure, Honeywell will have four segments, all supported by its Accelerator operating system and Honeywell Connected Enterprise integrated software platform. The aim is to position Honeywell to better serve its customers and perform well in various market …
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