Key Takeaways
- Honeywell reported higher quarterly revenue and profit.
- Sales rose to approximately $10.1 billion, up about 10% year over year.
- Adjusted earnings per share came in at $2.59, beating an expected $2.54.
Honeywell International reported higher quarterly revenue and profit, driven by strong demand in its aerospace unit and related aftermarket services. Sales rose to approximately $10.1 billion, up about 10% year over year, according to company filings. Adjusted earnings per share came in at $2.59, beating an expected $2.54. Honeywell’s industrial conglomerate has faced cost and global trade pressures, but its aerospace segment continued to perform strongly, with sales increasing about 13.4%. AeroTime reports. The results capped a constructive year for Honeywell as the company continues advancing a major restructuring plan to separate into three independent businesses focused on automation, aerospace, and advanced materials.