What Happened
Supply Chain Issues Force Company To Cut Outlook For 2026
Honeywell Aerospace’s shares plummeted 24% after the company reported a weak second quarter, citing supply chain problems that led to slower sales. The company cut its outlook for 2026, forecasting adjusted earnings of $7.60 to $7.90 per share, down from its previous estimate. Despite strong demand, Honeywell Aerospace’s sales were limited by shortages of mechanical parts, which affected its ability to deliver equipment to customers. The company’s backlog reached $18.2 billion, up 9% from last year. This news was first reported by AeroTime.