- Honeywell International is restructuring its business operations to three segments down from four to boost sales growth and reallocate capital, the industrial conglomerate said on Tuesday.The Charlotte, North Carolina-based company's shares were up 1.43%, at $189.17 before the bell."This simplified structure will enable Honeywell to realize synergies that will accelerate our innovation playbook," Chief Executive Officer Vimal Kapur said.
Honeywell said its results for the third quarter would be in line with previously issued guidance ranges on its aviation business performance. It said earnings per share were expected to be within or above its previous estimates. In July, the company provided an adjusted earnings outlook for the third quarter between $2.15 and $2.25 per share.