Apr 29, 11:47 AM

Honeywell Beats Q1 Earnings on Aerospace Strength, Raises Guidance Amid Spin-off Plans

Honeywell International Inc. reported first-quarter earnings for 2025 that surpassed Wall Street expectations, with adjusted earnings per share reaching $2.51, a 7% increase year-over-year, compared to the estimated $2.21. Revenue for the quarter was $9.82 billion, an 8% increase year-over-year, exceeding the forecast of $9.60 billion. The company's performance was driven by strong demand in its aerospace division, which saw sales increase to $4.17 billion from an expected $4.05 billion. Building Automation and Industrial Automation segments reported revenues of $1.69 billion and $2.38 billion, respectively. Honeywell also provided an updated outlook for the full year, adjusting its sales forecast to a range of $39.6 billion to $40.5 billion, slightly lower than the previous guidance of $39.6 billion to $40.6 billion. The company raised its full-year adjusted earnings per share guidance to between $10.20 and $10.50, up from the earlier range of $10.10 to $10.50. Organic sales growth is expected to be between 2% and 5%, compared to an estimate of 3.88%. The company also reported an organic sales growth of 44% for the quarter. The company's CEO expressed confidence in offsetting approximately $500 million in tariff exposure through price increases, indicating a strategy to mitigate the impact of current tariffs. Honeywell also reaffirmed its plans to proceed with a tax-free spin-off of its aerospace business, aiming to separate its automation and aerospace operations by the second half of 2026. Following the earnings announcement, Honeywell's stock surged in premarket trading, reflecting investor confidence in the company's performance and future outlook. The company also declared a quarterly dividend of $1.13 per share.

#Wall Street #Building Automation #Industrial Automation #Honeywell

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Honeywell Beats Q1 Earnings on Aerospace Strength, Raises Guidance Amid Spin-off Plans

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