Overview
- Honeywell Technologies reported its first standalone second‑quarter results Thursday, with adjusted EPS of $1.95 and standalone sales of $5.2 billion.
- Management raised full‑year adjusted EPS to $8.05–$8.35 and set sales guidance of $19.8–$20.0 billion with organic growth targeted at 3%–4%.
- Building Automation led results with sales up 10% to $2.0 billion and a 90 basis‑point margin gain, while Process Automation and Technology saw a 1% organic sales decline and Industrial Automation grew 4% organically.
- The company closed the £1.325 billion Johnson Matthey Catalyst Technologies deal on July 17 and explicitly included that acquisition in its updated outlook.
- Analysts and options traders had heavily reset models in recent weeks after Honeywell’s breakups, the prior quarter’s large EPS miss, and the spinoffs, and markets priced about a 4.4% implied move into the report.