Honeywell Technologies shares surged 5.15% in intraday trading on Thursday after the pure-play automation company delivered stronger-than-expected second-quarter results and lifted its full-year profit forecast in its first earnings report following the historic three-way split.
The company reported adjusted earnings of $1.95 per share, excluding the operations of the recently spun-off Honeywell Aerospace, easily surpassing the FactSet consensus estimate of $1.82 per share. Net sales rose 3.4% to $5.19 billion, also beating Wall Street's projection of $5.02 billion, fueled by robust demand across its industrial automation and building technologies segments.
Honeywell Technologies also raised its 2026 adjusted earnings guidance to a range of $8.05 to $8.35 per share, up from the previous outlook of $7.90 to $8.30. The company cited strong second-quarter execution and improving organic growth momentum in its process automation and industrial automation businesses heading into the second half of the year as key drivers behind the improved outlook.