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Honeywell Raises 2018 Guidance: Files Form 10 for Spin-Offs

Peter Neil
Honeywell Raises 2018 Guidance: Files Form 10 for Spin-Offs

On August 23, Honeywell (HON) raised its 2018 earnings guidance by $.05. In another development, HON announced the filing of Form 10 registration statements with the U.S Securities and Exchange Commission for its spin-off companies. The Garett Motion, Honeywell’s Transportation Systems Business spin, and Resideo Technologies, a spin-off of HON’s Homes and ADI Global Distribution Business, are expected to be spun off in the third quarter and by the end of the year, respectively.