Honeywell International Inc. (NasdaqGS:HON) is looking for M&A. During the company?s first quarter 2024 earnings conference call, Vimal Kapur, Chief Executive Officer said that ?we are executing on our portfolio, optimizing goals, upgrading the quality of our business and financial profile by executing on strategic bolt-on acquisitions while divesting noncore lines of business to accelerate value creation. We expect to deliver profitable growth and strong cash generation as we demonstrate progress against these priorities, creating a compelling long-term value proposition for our share owners?. ?Our robust balance sheet capacity enable us to allocate capital to opportunistic share repurchases, high-return growth CapEx and accretive M&A. As the deal environment remains relatively favorable in 2024, we will build on our already strong pipeline of high-value M&A opportunities, supporting the execution of our portfolio-shaping strategy?.

Gregory Lewis, Senior Vice President and Chief Financial Officer said that ?Our robust balance sheet and strong cash generation will support accretive capital deployment. And while we're happy with our recently announced transactions, we will further build on our active M&A pipeline as we continue to optimize the portfolio?.