Honeywell International Inc. (HON) shares soared 5.01% during intraday trading on Thursday, driven by the company's better-than-expected fourth-quarter financial results and robust performance in its aerospace segment.
The industrial conglomerate reported adjusted earnings per share of $2.59 for the quarter, surpassing analyst estimates of $2.54. The results were buoyed by continued strength in Honeywell's aerospace unit and related aftermarket services, with the Aerospace Technologies segment posting 21% organic sales growth. The company also reported a record backlog of over $37 billion, positioning it well for future growth.
Looking ahead, Honeywell issued 2026 guidance that met or exceeded market expectations, with adjusted EPS projected between $10.35 and $10.65. The company also announced progress on its corporate restructuring, expecting to complete the separation of its automation and aerospace businesses in the third quarter of 2026, a move investors anticipate could unlock additional value.
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