Standalone automation firm raises adjusted EPS guidance to $8.05-$8.35 after Q2 earnings top expectations.
Honeywell Technologies increased its full-year adjusted earnings per share forecast to $8.05-$8.35, up from $7.90-$8.30, following its first earnings report as a standalone automation company. The revised guidance reflects stronger-than-expected performance in Q2, with adjusted EPS of $1.95 for the standalone business, a 10% year-over-year increase.
Second-quarter sales for the standalone entity reached $5.2 billion, up 3% from the prior year, driven by 4% organic growth. Building Automation led growth with a 10% sales increase to $2.0 billion, while Process Automation sales declined 1% organically. Analysts had anticipated consolidated adjusted EPS of $4.81, though the $4.52 reported reflects combined results including the former Aerospace segment.
The company also maintained its full-year sales guidance of $19.8 billion to $20.0 billion, with organic growth projected at 3% to 4%. Segment margins in Building Automation expanded 90 basis points to 27.1%, supported by volume leverage and pricing.