Honeywell lifts 2025 profit outlook despite Solstice spinoff, shares rise

By Utkarsh Shetti (Reuters) -Honeywell on Thursday raised its 2025 profit forecast despite the impact of a planned separation of its advanced materials unit, signaling robust growth prospects fueled by strong aerospace demand, sending its shares up more than 7%. The business, now named Solstice, is set to start trading independently on the Nasdaq from October 30 and is part of Honeywell's plan to split into three independent companies. Aerospace suppliers are enjoying robust demand for parts, benefiting ...