Honeywell Technologies Announces Leadership Updates for Process Technology and Building Automation
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Appointment of
Honeywell Technologies veterans will strengthen leadership across the company’s businesses and support its long-term growth outlook -
Billal Hammoud transitions to serve as President and CEO of Process Technology, part of the company’sProcess Automation & Technology (PA&T) reportable business segment -
Juan Picon, formerly President of highly successful
Building Automation (BA) Americas business, will succeed Hammoud as President and CEO ofBuilding Automation
“Billal elevated
“Juan brings more than two decades of
"Both Billal and Juan’s appointments demonstrate the depth and strength of our leadership bench across
About
Since 2023, Hammoud has served as President and CEO of
Prior to leading
About
Since rejoining
Picon previously spent more than 18 years at
About Honeywell Technologies
Honeywell Technologies is a global, pure-play automation company with a legacy of innovating to help solve the world’s most mission-critical challenges, enhancing the quality of life for people and communities around the world. We serve the building, industrial, and process sectors with a broad portfolio of services, solutions, and products, underpinned by our Honeywell Technologies Accelerator operating system and Honeywell Technologies Forge intelligence layer. By combining the deep domain expertise of our more than 50,000 employees with decades of data from our global installed base, we are uniquely positioned to lead the industrial sector’s transition from automation to autonomy. For more news and information on Honeywell Technologies, please visit Honeywell Technologies Newsroom.
* This release contains financial measures presented on a non-GAAP basis. Honeywell Technologies' non-GAAP financial measures used in this release are as follows:
- Organic sales growth;
Management believes that, when considered together with reported amounts, these measures are useful to investors and management in understanding our ongoing operations and in the analysis of ongoing operating trends. These measures should be considered in addition to, and not as replacements for, the most comparable GAAP measure. Certain measures presented on a non-GAAP basis represent the impact of adjusting items net of tax. The tax-effect for adjusting items is determined individually and on a case-by-case basis. Refer to the Appendix attached to this release for reconciliations of non-GAAP financial measures to the most directly comparable GAAP measures.
Appendix
Non-GAAP Financial Measures
The following information provides definitions and reconciliations of certain non-GAAP financial measures presented in this press release to which reconciliations are attached to the most directly comparable financial measures calculated and presented in accordance with generally accepted accounting principles (GAAP).
Management believes that, when considered together with reported amounts, these measures are useful to investors and management in understanding our ongoing operations and in the analysis of ongoing operating trends. These measures should be considered in addition to, and not as replacements for, the most comparable GAAP measure. Certain measures presented on a non-GAAP basis represent the impact of adjusting items net of tax. The tax-effect for adjusting items is determined individually and on a case-by-case basis. Other companies may calculate these non-GAAP measures differently, limiting the usefulness of these measures for comparative purposes.
Management does not consider these non-GAAP measures in isolation or as an alternative to financial measures determined in accordance with GAAP. The principal limitations of these non-GAAP financial measures are that they exclude significant expenses and income that are required by GAAP to be recognized in the consolidated financial statements. In addition, they are subject to inherent limitations as they reflect the exercise of judgments by management about which expenses and income are excluded or included in determining these non-GAAP financial measures. Investors are urged to review the reconciliation of the non-GAAP financial measures to the comparable GAAP financial measures and not to rely on any single financial measure to evaluate Honeywell's and Honeywell Technologies’ businesses.
Honeywell International Inc.
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Reconciliation of Organic Sales Percent Change (Unaudited) |
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|
|
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|
|
Twelve Months Ended |
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|
|
2025 |
|
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2023 |
|
|
Building Automation |
|
|
|
||
|
Reported sales percent change |
13 |
% |
|
1 |
% |
|
Less: Impact of divestitures to the prior period |
— |
% |
|
— |
% |
|
Reported sales percent change, adjusted for impact of divestitures |
13 |
% |
|
1 |
% |
|
Less: Foreign currency translation |
— |
% |
|
(1 |
)% |
|
Less: Acquisitions |
5 |
% |
|
— |
% |
|
Less: Other |
— |
% |
|
— |
% |
|
Organic sales percent change |
8 |
% |
|
2 |
% |
We define organic sales percentage as the year-over-year change in reported sales relative to the comparable period, adjusted for the impact of divestitures to the prior period, and excluding the impact on sales from foreign currency translation, acquisitions for the first 12 months following the transaction date, and certain other items that are unusual or non-recurring in nature. We believe this measure is useful to investors and management in understanding our ongoing operations and in analysis of ongoing operating trends.
HON-O
Source:
View source version on businesswire.com: https://www.businesswire.com/news/home/20260818918489/en/
Media
(980) 378-6258
Stacey.Jones@honeywell.com
Investor Relations
(704) 627-6118
Mark.Macaluso@honeywell.com
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