Honeywell Aerospace reported its first results as an independent public company, exceeding internal expectations with net income of $0.7 billion and raising its full-year earnings outlook. While organic growth was tempered by mechanical component supply constraints, the company secured $20 billion in new program wins year-to-date and initiated its first quarterly dividend.
Key Highlights
- Total backlog grew to $19.3 billion, representing 12% year-over-year growth driven by strength in Defense and Space.
- Full-year 2026 pro forma standalone adjusted EPS guidance was raised to a range of $7.85 to $8.00.
- The Board declared an inaugural quarterly cash dividend of $0.40 per share, payable in December 2026.
- Commercial Aftermarket sales reached $2.1 billion, though growth was limited to 2% due to mechanical component availability.
- Announced a $500 million expansion of the Tempe, Arizona manufacturing facility to increase internal machining capacity and support next-generation platforms by 2028.