earnings
confidence high
sentiment negative
materiality 0.80
Honeywell Aerospace Q2 sales up 5% to $4.5B; cuts FY guidance; authorizes $3.5B buyback
Honeywell Aerospace Inc.
- Q2 sales $4,522M (+5% YoY); net income $256M (-70%); adjusted EPS $1.87 (-32%).
- FY organic growth guidance cut to 4-5% (from 7-9%); pro forma standalone adjusted EBIT lowered to $4.35-4.45B.
- Board authorized $3.5B share repurchase program with no expiration date.
- CEO James Currier received $9M bridge grant; CFO and GC received LTI awards totaling $6.95M.
- Backlog $18.2B (+9%); $15B new wins YTD including IndiGo order for 810 Airbus A320neo aircraft.