July 8 (Reuters) – Automation firm Honeywell Technologies on Wednesday raised its second-half and full-year profit targets for 2026 after completing a one-for-two reverse stock split.
The company, formerly Honeywell, proceeded with the split after spinning off and listing its aerospace arm, Honeywell Aerospace, late last month.
• Honeywell Technologies expects second-half adjusted earnings per share in the range of $4.40 to $4.70, compared with $2.20 to $2.35 earlier.
• For the full year, it raised its adjusted EPS target to $7.90 to $8.30, compared with an earlier forecast of $3.95 to $4.15.
• Its second-half and full-year sales and segment margin targets remained unchanged.
• Honeywell’s three-way split into Honeywell Technologies, Solstice Advanced Materials and Honeywell Aerospace was announced last year, amid pressure from activist investor Elliott Investment Management.
(Reporting by Nandan Mandayam in Bengaluru; Editing by Jonathan Ananda)
Comments