Honeywell International Inc. (HON) is headquartered in Morristown, New Jersey. It was incorporated in 1985. It’s a Fortune 100 company. It has a workforce of 132,000 employees worldwide.
Honeywell is a highly diversified company. It’s driven by technology. It produces a variety of commercial and consumer products, engineering services, and aerospace systems for a wide variety of customers.
Some of the industries that Honeywell caters to are aviation and defense, automotive and transportation, buildings, construction and maintenance, chemicals and fertilizers, energy, healthcare, safety and security, manufacturing, natural gas, refining, industrial process control, and fire protection.
So, let’s find out how Honeywell makes money.
Honeywell provides its services under four major reportable business segments:
- Aerospace – The Aerospace segment provides innovative solutions used in a number of commercial and defense platforms across the globe.
- Transportation Systems – The Transportation Systems segment provides global customers with engine boosting systems for passenger cars and commercial vehicles. It also provides braking products.
- Automation and Control Solutions – The Automation and Control Solutions segment provides environmental controls, life safety products, security, sensing devices, scanning and mobility products, building and process solutions in homes, buildings, industrial facilities, and public and private utilities to a number of customers across the globe.
- Performance Materials and Technologies – The Performance Materials and Technologies segment provides customers with technologies and materials including hydrocarbon processing technologies, catalysts, adsorbents, equipment and services, fluorine products, specialty films and additives, advanced fibers and composites, intermediates, specialty chemicals, electronic materials, and chemicals.
In the next part of this series, we’ll look at Honeywell’s financial performance for 4Q14 and full-year 2014.