Honeywell Technologies Profit Rises 10% in First Post-Breakup Quarter
HON sits 20% above its 52-week low of $195.769.
Summary
Honeywell Technologies reported adjusted EPS of $1.95, up from $1.77 a year ago, in its first quarter after the Aerospace spin-off. The beat was driven by strong demand in industrial automation and building technologies. This follows the June 29 completion of the Aerospace separation and a 1-for-2 reverse stock split, making these the first clean results for the remaining businesses. The profit increase signals the core portfolio is performing well post-restructuring, which should support the standalone valuation thesis. With the updated 2026 guidance already issued on July 8, the focus now shifts to whether this momentum continues into the second half. Additional details show 2Q Industrial Automation Sales of $1.5B, Process Automation and Technology Sales of $1.68B, Cont Ops EPS of $17.83, Adj EPS of $4.52, and Sales of $9.72B.
At the time of this announcement, HON was trading at $234.76 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $73.8B. The 52-week trading range was $195.77 to $260.15. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.