08:29 AM EDT, 06/03/2024 (MT Newswires) -- Honeywell International ( HON ) said Monday it has completed its acquisition of Carrier Global's ( CARR ) security business, Global Access Solutions. for $4.95 billion.

The transaction is expected to be accretive to adjusted earnings in the first full year of ownership. Honeywell ( HON ) said.

Honeywell ( HON ) updated its full-year sales and earnings guidance saying it now expects adjusted earnings of $10.15 to $10.45 per diluted share on revenue of $38.5 billion to $39.3 billion. The company previously expected adjusted EPS of $9.80 to $10.10 on revenue of $38.1 billion to $38.9 billion. Analysts polled by Capital IQ expect $9.94 and $38.48 billion.

The company expects Q2 adjusted earnings of $2.35 to $2.45 per diluted share on revenue of $9.3 billion to $9.6 billion. Analysts surveyed by Capital IQ expect $2.32 and $9.34 billion.

Honeywell ( HON ) shares were up 1.3% in premarket trading.

Price: 200.82, Change: -1.37, Percent Change: -0.68