Honeywell's first-quarter profit rises on aerospace strength

Utkarsh Shetti

Tue, Apr 29, 2025, 3:09 AM 2 min read

By Utkarsh Shetti

(Reuters) -Honeywell's first-quarter gross and nett bushed Wall Street estimates connected Tuesday, arsenic a shortage of caller jets fueled request for its aerospace parts and craft attraction services.

Shares of the concern and aerospace elephantine roseate 5.5% successful premarket trading arsenic the institution besides raised the little extremity of its yearly nett expectation.

Honeywell's forecast, which accounts for the interaction of tariffs and planetary uncertainty connected demand, indicates assurance successful its quality to cushion the hit, acknowledgment to rising income for firms that proviso parts and supply pitchy attraction services.

The hose manufacture has had to alert older, much maintenance-intensive planes, portion an attempted accumulation rampup by planemakers has resulted successful a surge of orders for parts suppliers.

Meanwhile, U.S. President Donald Trump's wide levies connected metals specified arsenic aluminum and alloy on with steep tariffs connected countries including China has threatened to rise costs for the manufacture and unit an already-strained proviso chain.

Honeywell present expects adjusted nett per stock of betwixt $10.20 and $10.50 for 2025, compared to its earlier forecast of betwixt $10.10 and $10.50.

The company, however, marginally narrowed its income forecast for the twelvemonth and present expects betwixt $39.6 cardinal and $40.5 billion, compared to its anterior guidance of $39.6 cardinal and $40.6 billion.

Sales astatine its aerospace division, its biggest gross generator, roseate astir 14% to $4.17 cardinal successful the archetypal quarter.

Honeywell successful February announced it would abstracted the automation and aerospace businesses, a divided it intends to implicit successful the 2nd fractional of 2026.

Its full quarterly income roseate astir 8% to $9.82 billion, compared to anticipation of $9.59 billion, according to information compiled by LSEG. Adjusted nett per stock came successful astatine $2.51, beating Street estimation of $2.21.

(Reporting by Utkarsh Shetti successful Bengaluru; Editing by Arun Koyyur)