Honeywell Aerospace expects second-half free cash flow of $1.2 billion to $1.4 billion
HONA•Honeywell Aerospace expects second-half free cash flow of $1.2 billion to $1.4 billion, up from its prior forecast range of $1.0 billion to $1.4 billion. Third-quarter sales were $4.64 billion and adjusted EPS was $2.21, above estimates of $4.57 billion and $1.86, respectively.
1. Quarterly results and outlook
Honeywell Aerospace reported third-quarter organic sales growth of 2% and adjusted EBIT growth of 1%, including about $50 million in net benefits from IEEPA tariff refunds. It forecast full-year organic sales growth of 4% to 5% and pro forma standalone adjusted EPS of $7.85 to $8.00, compared with its prior forecast of $7.60 to $7.90. The company reported a $19.3 billion backlog at quarter-end and said its inaugural quarterly dividend payment will be $0.40 per common share.
