Honeywell Technologies raises 2026 profit forecast in first post-split earnings
HON•Post-split structure
In February 2025, Honeywell said it would separate into three standalone companies focused on automation, aerospace and advanced materials.
Honeywell Aerospace HONA.O was spun off in June, while the advanced materials business was previously separated as Solstice Advanced Materials SOLS.O, leaving Honeywell Technologies as a pure-play automation company focused on industrial, process and building technologies.
Quarterly profit misses, sales top estimates
Adjusted profit for the quarter rose 10% from a year ago to $4.52 per share, compared with analysts' estimate of $4.81, according to data compiled by LSEG.
Second-quarter sales rose 4% to $9.72 billion, coming above analysts' estimate of $9.51 billion.
Updated full-year sales and earnings guidance
The company now expects annual adjusted earnings per share of $8.05 to $8.35, compared with last month's forecast of $7.90 to $8.30.
The company now sees full-year sales of $19.8 billion to $20.0 billion and organic sales growth of 3% to 4%.
Management last month laid out a plan to increase organic sales by expanding in areas such as data centers, semiconductors, LNG, grid infrastructure, life sciences, healthcare and hospitality.
