Overview
- Honeywell reported adjusted EPS of $2.75 and an 8.1% increase in Q2 sales to $10.35 billion, both surpassing analysts’ forecasts.
- Aerospace segment revenue climbed 10.7% to $4.31 billion on heightened demand for parts and maintenance services by Boeing and Airbus operators.
- Full-year guidance was lifted to $10.45–$10.65 in adjusted EPS and $40.8–$41.3 billion in sales, reversing prior downward revisions.
- The company finalized its $2.2 billion acquisition of Sundyne, agreed to acquire Johnson Matthey’s Catalyst Technologies business for £1.8 billion and divested its PPE unit for $1.3 billion.
- Honeywell is set to spin off its aerospace business by late 2025 under its transformation plan while conducting strategic reviews of underperforming automation units.