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Honeywell International Inc. reported first-quarter profit that beat analysts’ estimates and raised its full-year earnings guidance, while cautioning that the outlook is less predictable for the remainder of the year. The Charlotte, North Carolina-based company reported adjusted earnings per share of $2.
51 for the first quarter, above the $2.21 average of analysts’ estimates and the high end of its own view. Sales rose 7.
9% from a year earlier to $9.8 billion, exceeding analysts’ estimates of $9.6 billion, Honeywell said Tuesday in a statement.
Honeywell, an industrial conglomerate that plans to split into three, now expects adjusted earnings per share for the full year in the range of $10.20 to $10.50, up 5 cents at the midpoint from its prior range.
Still, the company expressed a note of caution going forward, slightly lowering the top end of its sales and profit-margin forecasts as tariffs roil global economies. “Though we have not yet seen it in our results, we recognise we face an uncertain global demand environment for the remainder of 2025,” Chairman and Chief Executive Officer Vimal Kapur said in the statement. In February, the company announced plans to separate its automation and aerospace businesses, which with the planned spinoff of its advanced-materials arm will create three publicly-listed companies in the second half of 2026.
Elliott Investment Management took a $5 billion stake in Honeywell last year, urging a breakup. Honeywell has formed dedicated separation management offices to ensure that its executives can remain focused on managing day-to-day operations over the coming months. The company has remained an active acquiror despite the split, agreeing to buy heat pump maker Sundyne in March for $2.
2 billion from private equity firm Warburg Pincus. Honeywell also repurchased $1.9 billion of its shares in the quarter as part its commitment to deploy at least $25 billion toward expenditures, dividends, share purchases, and acquisitions.
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