Honeywell reaffirms its full-year outlook and confirms plans to complete its separation on June 29 amid resilient Middle East demand.
Honeywell International (NASDAQ:HON) will proceed with its planned separation on June 29, the first day of Q3, with all operational checks completed, according to company executives. The CFO stated the process has “all green lights” and no issues are expected by the deadline.
The company reaffirmed its full-year forecast, citing improved market conditions and better-than-expected resilience in the Middle East. Earlier concerns over $100 million to $150 million in regional pressure for Q2 have eased, with customer activity and repair work accelerating.
Honeywell will host separate analyst days for its aerospace and RemainCo segments in early June, outlining post-spin strategies. Transitional services agreements and final post-separation activities will continue beyond the split date.