Honeywell Aerospace reports second quarter results and updates 2026 outlook

Earnings
โดย PR Newswire·US·Read original
Summary · why it matters

Honeywell Aerospace reported second quarter sales of $4.5 billion, up 5% year over year on both a reported and organic basis, and revised its full-year 2026 guidance downward. Net income fell 70% to $256 million, while adjusted EBIT declined 7% to $995 million, including roughly $100 million in separation-related costs and inventory obsolescence charges. The company, which completed its spin-off from Honeywell Technologies on June 29, now expects full-year organic sales growth of 4% to 5%, down from a prior range of 7% to 9%, and pro forma standalone adjusted EBIT of $4.35 billion to $4.45 billion, compared with the earlier $4.65 billion to $4.75 billion. It initiated full-year pro forma standalone adjusted earnings per share guidance of $7.60 to $7.90 and maintained its second-half free cash flow guidance of $1.0 billion to $1.5 billion. Backlog grew 9% to $18.2 billion, and the company highlighted $15 billion in new wins year to date, including a landmark avionics and power systems agreement with IndiGo for 810 Airbus A320neo family aircraft.

Impact on stocks 3

Aerospace & Aviation▼ · 2 stocks
Honeywell Aerospace Inc
HONA
▼ NegativeCapitalrelevance

Honeywell Aerospace reported lower sales growth, a 70% drop in net income, and reduced full-year guidance, reflecting operational and cost challenges.

Honeywell International Inc
HON
▼ NegativeCapitalrelevance

Honeywell International is the parent that spun off Honeywell Aerospace; the aerospace unit's weak results and guidance cut negatively affect the parent's overall performance.

Industrials▲ · 1 stocks
Airbus Group SE
AIR
▲ PositiveDemandrelevance

Airbus benefits from the IndiGo order for 810 A320neo aircraft, which includes Honeywell avionics and power systems, boosting demand for its aircraft.

Theme Impact 1

Off-coverage companies 1

InterGlobe Aviation (IndiGo)Private▲ Positive
Demandrelevance

IndiGo's landmark order for 810 Airbus A320neo aircraft with Honeywell systems indicates strong fleet expansion and demand for its services.

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