Honeywell(US:HON) Yahoo Finance·2025-10-23 15:41Core Viewpoint - Honeywell International is restructuring and spinning off several businesses, including its aerospace division, while raising its full-year earnings outlook and reporting strong third-quarter sales growth in its aerospace segment [1][4]. Financial Performance - In the third quarter, Honeywell's sales increased by 7% to $10.41 billion, with aerospace sales showing a 12% organic growth driven by the commercial aftermarket and defense and space sectors [2]. - The company reported a profit of $1.83 billion, or $2.86 per share, compared to $1.41 billion, or $2.16 per share, in the same quarter last year [5]. - Adjusted per-share earnings, excluding certain one-time items, were $2.82, surpassing analysts' expectations of $2.57 [6]. Future Outlook - Orders increased by 22%, primarily led by aerospace technologies and energy and sustainability sectors [7]. - Honeywell expects adjusted earnings per share for 2025 to be between $10.60 and $10.70, an increase from the previous range of $10.45 to $10.65. Full-year sales are projected to be between $40.7 billion and $40.9 billion, slightly down from the prior range of $40.8 billion to $41.3 billion [7]. - The guidance now incorporates the impact of the spinoff of its advanced material business, which is expected to have a $700 million effect on annual sales and a 21-cent reduction in adjusted earnings per share [8]. Business Strategy - Honeywell's CEO noted that the aerospace segment continues to perform well, maintaining momentum in win rates and backlog, which is helping to offset margin pressures in other business areas [3]. - The company plans to announce leadership and headquarters for the independent aerospace company later this year, with the spinoff expected to be completed in the second half of next year [4].