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00:02Honeywell reaffirmed its full-year 2026 Adjusted Profit and Sales forecast
00:06as it prepares for an upcoming aerospace business spinoff, according to Reuters.
00:11Honeywell Aerospace will spin off on June 29th as part of the conglomerate's planned
00:16three-way split into automation, aerospace, and advanced materials businesses.
00:20Honeywell expects full-year 2026 Adjusted Profit of $10.35 to $10.65 per share,
00:28an annual revenue of $38.8 billion to $39.8 billion.
00:33CEO Vimal Kapoor said the Middle East conflict cut first-quarter revenue by 0.5%
00:39and is expected to reduce second-quarter revenue by roughly 1%.
00:43He expressed confidence that the impact will not extend into the second half of 2026
00:47and could become a tailwind as customers increase spending on energy security and reconstruction.
00:52For all things money, visit Benzinga.com.
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