Honeywell has reported first-quarter revenue and profit figures that exceeded Wall Street’s expectations, driven by strong demand within its aerospace division.
A shortage of new aircraft has led airlines to rely more heavily on older planes, consequently boosting the need for Honeywell’s aerospace parts and maintenance services. The aerospace segment saw a 14% sales increase to $4.17 billion, contributing to an overall 8% rise in total quarterly sales to $9.82 billion, surpassing the anticipated $9.59 billion. The company’s adjusted profit per share also beat estimates, coming in at $2.51 against an expected $2.21.
Bolstered by these strong first-quarter results, the industrial and aerospace giant has raised the lower end of its annual profit forecast for 2025. This revised outlook reflects the company’s confidence in navigating global economic uncertainties and the impact of tariffs, largely due to the sustained demand for its aftermarket aerospace offerings.
Honeywell is in the process of a significant strategic shift, having announced in February its intention to separate its automation and aerospace businesses. This planned split is expected to be completed in the second half of 2026.
