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00:02Honeywell Technologies raised its second half in full-year profit targets for 2026
00:06after completing a one-for-two reverse stock split, according to Reuters.
00:11The reverse split followed Honeywell's spinoff and listing of Honeywell Aerospace late last month.
00:15The company expects second-half adjusted earnings of $4.40 to $4.70 per share,
00:22up from its earlier target of $2.20 to $2.35.
00:26Honeywell also raised its full-year adjusted earnings forecast to $7.90 to $8.30 per share,
00:34compared with its prior forecast of $3.95 to $4.15.
00:38Its second half in full-year sales and segment margin targets remained unchanged.
00:43Honeywell announced its three-way split last year, amid pressure from Elliott Investment Management.
00:48For all things money, visit Benzinga.com.
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