Honeywell Technologies Reports First Earnings as a Standalone Company
Honeywell Technologies (NASDAQ:HON) reported its first earnings results since becoming an independent company following recent spinoffs of Solstice Advanced Materials and Honeywell Aerospace. The report included mixed financial data due to the ongoing transition, with total revenue reaching $9.72 billion—up from a year ago—and beating expectations when excluding aerospace figures. Adjusted earnings per share were also strong on a standalone basis but masked by one-time gains tied to its quantum computing venture Quantinuum. Despite messy numbers, Honeywell Technologies showed growth in all three automation segments and raised full-year guidance for organic sales, segment margins, and adjusted earnings. The company cited robust demand across sectors like data centers and the Middle East as key drivers of performance. Management also announced plans to divest two smaller businesses by early August. The stock rose over 5% following the report, with analysts noting strong order growth and a revised price target from CNBC's Jim Cramer Investing Club.
Tickers: $HON
Topics: adjusted earnings Honeywell Technologies quantum computing revenue growth spin-off