CHARLOTTE, N.C. - Honeywell International Inc ... has announced its plan to separate into three distinct, publicly traded companies, focusing on Automation, Aerospace, and Advanced Materials.

Along with the split announcement, Honeywell reported that fourth-quarter net income rose to $1.29 billion, or $1.96 a share, from $1.26 billion, or $1.91 a share, in the same period a year ago.

Honeywell, one of the last remaining U.S. industrial conglomerates, will split into three independent companies, following in the footsteps of manufacturing giants like General Electric and Alcoa.

Longtime Honeywell International General ... In April 2024, General Electric completed its division into three companies. In October 2023, Kellogg split itself into two.

Many customers of Honeywell are familiar with its Intelligrated and PSS businesses. They will be part of the Automation business. Honeywell Automation will include a portfolio of technologies, ...

Eli Lilly stock rises on upbeat guidance, and Ford Motor’s operating profit forecast disappoints. Honeywell, meanwhile, announces a plan to break up into three companies.