Overview
- Honeywell, which reported first-quarter results Thursday, missed revenue at $9.14 billion but beat on adjusted profit at $2.45 per share.
- The company guided second-quarter sales to $9.4–$9.6 billion and EPS to $2.35–$2.45, below Wall Street estimates, and shares fell about 6–7% in premarket trading.
- Management said the Middle East conflict delayed shipments and aftermarket work in Process Automation & Technology, where sales fell 6% year over year.
- Honeywell moved up its Aerospace spin-off to June 29, 2026 and will sell its Warehouse and Workflow Solutions unit to American Industrial Partners after an earlier agreement to sell Productivity Solutions and Services to Brady.
- Organic orders rose about 7% and backlog topped $38 billion, though free cash flow dropped sharply on separation and litigation costs and slower collections tied to the conflict.