What Happened
Aerospace Spinoff Looms Amid Reaffirmed Earnings Guidance
Honeywell has reaffirmed its annual adjusted profit forecast, expecting full-year 2026 earnings to range between $10.35 and $10.65 per share. The company is set to spin off its aerospace business on June 29, with the remaining automation business, Honeywell Technologies, forecasting adjusted profit between $3.95 and $4.15 per share. Honeywell Technologies also expects revenue to range from $19.9 billion to $20.2 billion and annual free cash flow of about $2 billion. This development was reported by Reuters.