Honeywell Lowers Profit Guidance Despite Strong Q2 Performance

Stock drops nearly 5% as the company adjusts its outlook due to acquisition costs and weaker industrial automation demand.

• Honeywell's Q2 revenue reached $9.58 billion, surpassing Wall Street expectations.
• Adjusted earnings per share for Q2 were $2.49, higher than the forecasted $2.42.
• The company revised its full-year EPS guidance to $10.05-$10.25, down from $10.15-$10.45.
• Sales in the industrial automation segment fell 8%, impacting overall profit guidance.
• Aerospace and energy units showed strong growth, partially offsetting declines in other segments.

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