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77 - Honeywell International

- Courtesy of Honeywell
Courtesy of Honeywell

Activist investor Dan Loeb put pressure on Honeywell International’s new CEO Darius Adamczyk to sell the business. The new chief ignored the pressure and instead announced he would spin off the conglomerate into two new stand-alone publicly traded companies. The move was the first major shakeup at Honeywell since Adamczyk succeeded David Cote as CEO in April. The company is also benefiting from economic growth in most regions, especially in the U.S., where a corporate tax cut has increased business confidence. The rebounding of oil prices has also helping bolster sales at Honeywell’s energy-related business.

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Key Metrics & Financials (Last Fiscal Year)

Previous Rank73
Revenues ($M)$40534
Revenue Percent Change3.1%
Profits ($M)$1655.0
Profits Percent Change-65.6%
Assets ($M)$59387
Market Value — as of March 29, 2018 ($M)$108149
Employees131000

Company Facts

Employees131000
SectorIndustrials
IndustryElectronics, Electrical Equip.
HQ LocationMorris Plains, N.J.
CEODarius Adamczyk
CEO Title-
Websitewww.honeywell.com
Years on Fortune 500 List24

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