Honeywell Reaffirms Full-Year Profit Outlook Ahead of Aerospace Spinoff
HON is trading near its 52-week low of $186.76 (14% above the low).
Summary
Honeywell International reaffirmed its full-year 2026 adjusted profit forecast, maintaining a range of $10.35 to $10.65 per share. This confirmation comes just weeks before the planned spin-off of its aerospace business, Honeywell Aerospace, which is set to trade as HONA after June 29. The reaffirmation provides clarity on the company's financial outlook during a period of significant corporate restructuring, following the recent announcement of spin-off dates on June 5th. Investors will be watching the successful execution of the aerospace spin-off on June 29.
At the time of this announcement, HON was trading at $213.51 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $135.6B. The 52-week trading range was $186.76 to $248.18. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Reuters.