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Honeywell Aerospace Shares Drop After Earnings Miss and Forecast Cut
Honeywell Aerospace reported second‑quarter earnings that missed expectations, posting adjusted EPS of $1.87 versus the $2.13 consensus and revenue of about $4.5 billion, a 5% sales increase year‑over‑year. Profit fell 32% and the company’s core profit declined 7% after $100 million in separation costs.
The firm cut its 2026 organic sales‑growth outlook to 4%–5% from the prior 7%–9% range and lowered its adjusted earnings‑per‑share guidance to $7.60‑$7.90, below analysts’ $8.86 estimate. CFO Josh Jepsen cited persistent supply‑chain constraints, saying the company must prioritize OEM deliveries to Boeing and Airbus, diverting output from higher‑margin aftermarket business. CEO Jim Currier noted strong market demand but limited output growth due to those constraints.
Following the release, Honeywell Aerospace’s stock fell sharply, with declines reported between 5.9% and more than 20% across various outlets, and a 23% intraday drop on the Nasdaq.
Entities
Airbus · Boeing · Honeywell Aerospace · Jim Currier · Josh Jepsen
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 3 SOURCES] Commercial aftermarket sales increased 8% and defense and space sales increased 3% in the quarter. wdez.com · jack1065.com · wxerfm.com
- [● 3 SOURCES] Quarterly profit in Honeywell Aerospace's electronic solutions segment fell 3%, engines and power systems profit fell 32%, and control systems profit rose 8%. wdez.com · jack1065.com · wxerfm.com
- [● 3 SOURCES] Supply‑chain constraints forced Honeywell Aerospace to prioritize commercial OEM deliveries to Boeing and Airbus, diverting output from its higher‑margin aftermarket business. wdez.com · jack1065.com · wxerfm.com
- [● 3 SOURCES] Honeywell Aerospace is favoring domestic defense and space programs over higher‑margin international contracts, resulting in a less favourable sales mix in the back half of the year. wdez.com · jack1065.com · wxerfm.com
- [● 3 SOURCES] Honeywell Aerospace projected adjusted earnings per share for 2026 of $7.60‑$7.90, below analysts' average estimate of $8.86. wdez.com · jack1065.com · wxerfm.com
- [● 3 SOURCES] Honeywell Aerospace lowered its 2026 organic sales growth forecast to 4%‑5% from a previous 7%‑9% expectation. wdez.com · jack1065.com · wxerfm.com
- [● 3 SOURCES] In the second quarter, Honeywell Aerospace's adjusted profit per share fell 32% to $1.87, while sales rose 5% to $4.52 billion. wdez.com · jack1065.com · wxerfm.com
- [● 3 SOURCES] Honeywell Aerospace incurred about $100 million in separation‑related costs and inventory‑obsolescence charges, leading to a 7% year‑on‑year decline in quarterly core profit. wdez.com · jack1065.com · wxerfm.com