Honeywell's Q2 Sales Forecast Dips, Spin-off Aerospace Unit

Honeywell faces sales and profit challenges due to the Middle East war, particularly in its process automation unit. Despite this, the company secured two deals to sell off parts of the business, with both set to close in the second half of the year. The first quarter saw a 11% increase in adjusted earnings per share, surpassing expectations. Honeywell plans to spin off its aerospace unit on June 29th, aiming for organic growth of 3-6% and cash flow projections of $4.4 billion to $4.7 billion for operating and $5.3 billion to $5.6 billion for free cash. 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/1ba524f9c0b4a836