Honeywell Cuts Profit Guidance, Sending Its Stock Lower

Key Takeaways Organic sales at Honeywell's Aerospace Technologies division jumped 16% to $3.89 billion as rising global flight activity and geopolitical tensions boosted demand for commercial aviation and defense products. Sales also rose at its Energy and Sustainability Solutions and Building Automation units, by 3% and 1%, respectively. They dropped 8% at its Industrial Automation segment, which Honeywell blamed primarily on volume softness in warehouse and workflow solutions. CEO Vimal Kapur said that du ...