Honeywell reaffirms annual forecast ahead of aerospace spinoff - BNN Bloomberg
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Article Excerpt
Honeywell reaffirmed its annual adjusted profit and sales forecast on Monday, as it prepares for a spinoff of its aerospace business in the coming weeks.
Honeywell Aerospace, which makes aircraft engines, parts and defense systems, will be spun off on June 29, marking a key step in the conglomerate’s previously announced three-way split to focus on automation, aerospace and advanced materials.
Honeywell expects its full-year 2026 adjusted profit between $10.35 and $10.65 per share, and annual revenue in the range of $38.8 billion to $39.8 billion.
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