BRIEF-Johnson Matthey Sells Unit To Honeywell For 1.8 Billion Pounds

Honeywell International Inc. HON	0.00	0.00%
Dow Jones Industrial Average DJI	0.00	0.00%
S&P 500 index SPX	0.00	0.00%
NASDAQ IXIC	0.00	0.00%

May 22 (Reuters) - Johnson Matthey PLC JMAT.L:

AGREEMENT TO SELL CATALYST TECHNOLOGIES BUSINESS
TO SELL CATALYST TECHNOLOGIES TO HONEYWELL FOR £1.8BN
DEAL EXPECTED TO DELIVER NET SALE PROCEEDS OF £1.6BN
£1.4BN EXPECTED TO BE RETURNED TO SHAREHOLDERS BY H1 2026
GROUP EXPECTS MID-SINGLE DIGIT CAGR IN OPERATING PROFIT FY2024/25 TO FY2027/28
GROUP EXPECTS £250M FREE CASH FLOW BY FY2027/28
DEAL EXPECTED TO CLOSE BY H1 2026
TO SELL CATALYST TECHNOLOGIES TO HONEYWELL FOR £1.8BN
LAUNCHED A NUMBER OF ACTIONS TO DELIVER FURTHER ENHANCED OPERATING EFFICIENCIES

Source text: ID:nRSV6939Ja

Further company coverage: JMAT.L

((Reuters.Briefs@thomsonreuters.com;))

More This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.