On October 22, 2021, before the market opened, Honeywell filed with the SEC its quarterly report for the period ended September 30, 2021 on a Form 10-Q, which announced that the Company estimates a probable loss of $160 million in connection with the U.S. Department of Justice (DOJ), the U.S. Securities and Exchange Commission (SEC), and the Brazilian authorities bribery investigations relating to the Company’s UOP business in Brazil. Honeywell recorded a charge for the same amount ($160 million).
On this news, Honeywell shares fell $7.12 per share, or 3%, to close at $217.40 per share on October 22, 2021, on heavy trading volume, damaging investors.
