(CercleFinance.com) – Honeywell raised its annual targets on Monday to take into account the acquisition of Carrier Global Corporation’s Global Access Solutions business, which it has just finalized.
The diversified industrial group, which until now was targeting a turnover of $38.1 to $38.9 billion this year, now says it is forecasting a 2024 turnover of $38.5 to $39.3 billion.
As expected, the acquisition will have an accretive effect on its accounts, since its operating margin is now expected between 23.8% and 24.1%, compared to 23% to 23.3% previously.
The acquisition of Carrier’s Global Access Solutions business – estimated at some $4.95 billion in cash – should enable the conglomerate to strengthen its portfolio on three megatrends, namely automation, future aviation and transition. energy.
The stock posted a gain of 0.1% Monday at the start of the session on the New York Stock Exchange.
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