The company now anticipates adjusted earnings per share between $7.90 and $8.30 for the fiscal year, a direct adjustment from its previous forecast of $3.95 to $4.15. While the per-share figures have shifted to align with the new share count, the underlying financial performance expectations remain steady. Honeywell maintains its full-year sales outlook, projecting revenue to reach between $19.9 billion and $20.2 billion.
In section Market Quotes
Honeywell Adjusts Annual Earnings Outlook Following Reverse Split
A one-for-two reverse stock split finalized on June 29 has prompted Honeywell Technologies to revise its full-year earnings guidance. The industrial and building services firm doubled its projected per-share earnings range to reflect the reduction in outstanding common shares from 634 million to 317 million.
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