Key Takeaways
- Honeywell International exceeded first-quarter earnings and revenue estimates as two of its units posted sales gains.
- The diversified technology and manufacturing firm lifted the low end of its full-year profit guidance.
- Honeywell announced plans to offset the possible negative effects of tariffs.
Honeywell International (HON) shares advanced Tuesday as the diversified technology and manufacturing conglomerate posted better-than-expected results and raised the low end of its profit outlook as it announced plans to offset the potential impact of tariffs.
Honeywell reported first-quarter adjusted earnings per share of $2.51 on reve༺nue that rose 8% year-over-year to $9.82 billion. Analysts surveyed by Visible Alpha expected $2.19 and $9.59 billion, respectively.
The gains were driven by a 9% sales increase at the company’s Aerospace Technologies unit, and an 8% sales rise at its Building Automation division.🍌 Sales fell at its Industrial Automation and Energy and S🍌ustainability Solutions segments.
CEO Says Firm Faces 'Uncertain Global Demand Environment' for Rest of Year
CEO Vimal Kapur said despite what he called "the volatile macroeconomic backdrop," Honeywell's 澳洲幸运5官方开奖结果体彩网:segment margin was consistent with last year. Kapur added that although the company hasn't seen it in itꩲs performance yet, it faces "an uncertain global demand environment for the remainder of 2025, and our company will work tirelessly, leveraging all tools av🐼ailable to us, to deliver for customers and shareholders."
To that end, the company intends to take a "multi-pronged approach to balance defending margins and protecting volumes." Those steps include targeted price actions, finding alternative supply lines, and accelerating use of 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) in engineering.
Honeywell now sees full-year adjusted EPS of $10.20 to $10.50, compared to its previous outlook of $10.10 to $10.50. Kapur also noted that the company was "even more confident" about the benefits of its planned split into three separate firms that was 澳洲幸运5官方开奖结果体彩网:announced in February.
Even with today's 4.5% gains, shares of Honeywell International remain about 7% lower in 2025.
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