CLAIM #30189 · Honeywell International Inc (HON) · 2023Q2 earnings call · Jul 27, 2023

“This momentum points to a robust multiyear trajectory for the largest businesses in Honeywell portfolio.”

Vimal Kapur · CEO

How to check this claim

Look at: Honeywell Aerospace segment revenue growth, year-over-year, reported annually/quarterly

It came true if: Aerospace segment revenue growth > 0% in each fiscal year through 2026 (multiyear positive trajectory)

Where: Company 10-K/10-Q segment reporting and quarterly earnings releases

Knowable after: 2026-07-27

In context

“n with Honeywell’s Aero for 17 years, and prior to his current position, he had held multiple roles of increasing responsibility across function and geography most recently as President of our Electronic Solutions business. The medium term set up for Aero is the strongest it has ever been. Flight hours continue to be strong, including wide-body upside, which is now underway. We have diverse and optimized platform exposure, particularly in business aviation. In fact over the last few months alone, we have won $3 billion in business to provide OEMs and airline with our engines, [indiscernible] (ph) and brakes, APUs, and flight management system along with associated aftermarket services. In addition, supply chains are gradually improving, and we have returned to growth in defense and space. This momentum points to a robust multiyear trajectory for the largest businesses in Honeywell portfolio. Let's turn to slide four, to us our recent [corporate] (ph) development activity. I'm excited about our recent capital deployment announcement closing on our previously announced Compressor Controls Corporation acquisition and adding to strategic assets that will drive enhanced innovation and strength our technology portfolio. This mix really exemplifies the type of deals that we look to generate on a consistent basis. Last month, we closed our acquisition of CCC, a leading provider of turbo machinery control and optimization solution deploying approximately $700 million in all cash transactions. CCC Technologies including control hardware, software and services bolster Honeywell's high growth sustainability and digitalization portfolio with new carbon capture control solution. CCC integr”

Verify independently

SEC filings for HON ↗ · Quote is verbatim from the 2023Q2 earnings call.