The reduced outlook may indicate challenges in Honeywell Aerospace's supply chain, which could impact its ability to meet demand. The company's efforts to position itself for accelerating growth suggest a focus on long-term performance, which may be impacted by current supply chain constraints.
Supply Chain Constraints Impact Revenue Guidance
Honeywell Aerospace reported second-quarter revenue of $4.52 billion, up 5% year-over-year, and adjusted earnings of $1.87. However, the company lowered its full-year outlook, citing supply chain constraints, and now expects organic revenue growth of 4% to 5%. According to Benzinga, Honeywell Aerospace’s shares fell 10.43% in after-hours trading following the announcement.
The reduced outlook may indicate challenges in Honeywell Aerospace's supply chain, which could impact its ability to meet demand. The company's efforts to position itself for accelerating growth suggest a focus on long-term performance, which may be impacted by current supply chain constraints.
Supply Chain Constraints Impact Revenue Guidance
Honeywell Aerospace reported second-quarter revenue of $4.52 billion, up 5% year-over-year, and adjusted earnings of $1.87. However, the company lowered its full-year outlook, citing supply chain constraints, and now expects organic revenue growth of 4% to 5%. According to Benzinga, Honeywell Aerospace’s shares fell 10.43% in after-hours trading following the announcement.