Financial PerformanceHON reported solid 2Q24 results with adjusted EPS of $2.49 and revenues of $9.58 billion, both beating Street expectations.
Growth StrategyYear-to-date, Honeywell has announced deployments of ~$9bn in cash towards acquisitions, a material change from the prior CEO’s strategy.
Quantinuum MonetizationThe IPO could seek a valuation of about $10 billion for Quantinuum, which would be double the January 2024 pre-money valuation of $5bn.