Financial Performance - Honeywell's Q1 2025 adjusted EPS was $2.51, exceeding the guidance range of $2.15-$2.25[24] - Organic sales grew by 4%, driven by double-digit growth in commercial aftermarket, defense and space, and building solutions[24] - Segment margin remained flat at 23.0%, with expansion in Energy and Sustainability Solutions (ESS) and Building Automation (BA)[24] - Free cash flow reached $0.3 billion in Q1 2025[24] Guidance and Outlook - The company is raising its 2025 EPS guidance while considering the net impact of tariffs, mitigation actions, and global economic uncertainty[4] - Q2 2025 sales are projected to be between $9.8 billion and $10.1 billion, with organic growth of 1%-4%[27] - The adjusted EPS for Q2 2025 is expected to be $2.60-$2.70, representing a 4%-8% increase[27] - Full-year 2025 sales are estimated to be $39.6 billion to $40.5 billion, with organic growth of 1%-4% excluding the Bombardier Agreement (BBD)[27] - Full-year 2025 adjusted EPS is projected to be $10.20-$10.50, a 3%-6% increase, or a (1%)-2% increase excluding BBD[27] - Free cash flow for 2025 is expected to be $5.4 billion to $5.8 billion, up 10%-18%, or down (2%)-up 5% excluding BBD[27] Portfolio Transformation - Honeywell is on track to complete the spin-offs of Aerospace and Automation, and Advanced Materials, while maintaining operational focus[17] - Share repurchase has been accelerated to $3 billion year-to-date, aiming for a 2% net share count reduction in 2025[17] - The company announced the Sundyne acquisition for $2.2 billion in an all-cash transaction[24] Mitigation of Global Trade Uncertainty - Honeywell estimates a $500 million exposure in 2025 due to current tariffs, which it plans to fully offset through mitigation efforts[22] - The company is utilizing a multi-pronged approach, including targeted pricing actions, direct material productivity, alternative sourcing, and proactive customer communication[23]