Honeywell CEO Vimal Kapur on Q4 earnings

Core Viewpoint - Honeywell is accelerating its aerospace spin-off, which is expected to occur in the early second half of the year, and the company reported strong organic growth of 21% in its aerospace business [1][2]. Group 1: Aerospace Business - The aerospace business is set for a spin-off in Q3, with a strong exit rate of 6% growth in Q4 and a backlog increase of nearly 15% [2]. - The aerospace division is projected to grow at a high single-digit rate in the cycle, indicating robust future performance [8]. Group 2: Automation Business - The company is restructuring its automation portfolio and has decided to hold two businesses for sale to complete transactions before the spin-off [3]. - The automation business is being positioned for mid-single-digit organic growth, with earnings growth expected to be in the high single digits annually [8]. Group 3: Quantum Business - The quantum business, which is also set to be spun off, has a previous valuation of $10 billion, and there is speculation that it could be worth significantly more due to its client list, including major companies like Amgen and JP Morgan [5]. - The company launched a new quantum machine, Helios, with enhanced computing power, and plans to introduce another machine in about 18 months [6]. Group 4: Overall Growth Strategy - The company is focused on delivering high single-digit earnings growth to shareholders, supported by a diverse exposure to multiple end markets, including buildings, process markets, and industrial sectors [9].