What Happened
Conglomerate Sees Strong Orders, Expands Software Services
Honeywell International is off to a strong start following its portfolio transformation, with favorable July order trends and broad regional demand. The company has set three-year targets of 4% to 6% revenue growth and double-digit earnings-per-share growth. Honeywell is also targeting 45% of revenue from software and services, with its Forge platform central to that effort. According to CFO Mike Stepniak, the company expects second-half revenue growth of 4% to 6% and more pronounced margin expansion in the near term. This growth was first reported by MarketBeat.