Honeywell Q1: Smashing Expectations, Spin-off & Growth

Honeywells Q1 results exceeded expectations, with organic sales up 2% and orders surging 7%, boosting backlog to $38 billion. Building Automation and Aerospace led growth, and pricing remained robust. The company is accelerating its portfolio transformation, selling Productivity Solutions and Warehouse Workflow businesses, and spinning off Aerospace in June. Despite supply chain challenges and geopolitical tensions, employees navigated the chaos, and investors are optimistic ahead of upcoming Investor Days. Supply chain issues in Aerospace slowed January-February but rebounded strongly in March, with significant investments in fixes. Process Tech orders doubled, and backlog grew 22%. Honeywell maintains guidance of 3-6% organic growth, with Process flat for the year but ramping in the second half. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/b6ead35195fb6c18