Honeywell Technologies raises profit guidance after one-for-two reverse stock split

Honeywell International

08/07/2026 22:02

    July 8 (Reuters) - Automation firm Honeywell Technologies HON.O on Wednesday raised its second-half and full-year profit targets for 2026 after completing a one-for-two reverse stock split.

    The company, formerly Honeywell, proceeded with the split after spinning off and listing its aerospace arm, Honeywell Aerospace HONA.O, late last month. 
Honeywell Technologies expects second-half adjusted earnings per share in the range of $4.40 to $4.70, compared with $2.20 to $2.35 earlier.
For the full year, it raised its adjusted EPS target to $7.90 to $8.30, compared with an earlier forecast of $3.95 to $4.15.
Its second-half and full-year sales and segment margin targets remained unchanged.

        Honeywell's three-way split into Honeywell Technologies, Solstice Advanced Materials SOLS.O and Honeywell Aerospace was announced last year, amid pressure from activist investor Elliott Investment Management.
      

(Reporting by Nandan Mandayam in Bengaluru; Editing by Jonathan Ananda)
((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))