Honeywell Backs Fiscal Year Guidance Ahead of Aerospace Spinoff
By Kelly Cloonan
Honeywell backed its full-year guidance as it looks to close a spinoff of its aerospace division.
The company also on Monday provided an outlook for the remaining company post spinoff, guiding for growth in organic sales and adjusted earnings.
The company said it continues to expect full-year sales of $38.8 billion to $39.8 billion, compared with analyst estimates of $39.4 billion, according to FactSet. Honeywell continues to guide for organic sales growth of 3% to 6%.
The company also continues to forecast adjusted earnings per share of $10.35 to $10.65, compared with analyst estimates of $10.52.
The post-spinoff company, called Honeywell Technologies, expects to post sales of $19.9 billion to $20.2 billion for the full year with organic sales growth of 2% to 3%. The company also guided for adjusted earnings per share of $3.95 to $4.15.
The new guidance excludes full-year results for the aerospace segment, which it expects to spin off on June 29, and factors in planned divestitures of Honeywell's productivity solutions and services, and warehouse and workflow solutions businesses, which it expects to close by the fourth quarter. The outlook also includes estimated results for the Johnson Matthey Catalyst Technologies acquisition, which it expects to close in the third quarter.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
June 08, 2026 06:53 ET (10:53 GMT)
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