What Happened
Newly Public Company Faces Supply Chain Challenges
Honeywell Aerospace reported disappointing quarterly results, with revenue rising 5.4% year over year to $4.52 billion and adjusted EPS falling 32% to $1.87. The company cut its full-year outlook due to supply chain issues, which have hindered its ability to meet demand. Despite strong demand for its products, Honeywell Aerospace’s struggles with supply chain constraints have led to a downgrade in its earnings expectations. This news was first reported by an unknown source.