Honeywell realigns portfolio; sees Q3 earnings within or above prior guidance
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Honeywell (NASDAQ:HON) unveiled plans Tuesday to reorganize its business into four segments in an effort to includes what it calls the three "compelling megatrends" of automation, the future of aviation and energy transition.
The four business segments are Aerospace Technologies, Industrial Automation, Building Automation, and Energy and Sustainability Solutions.
Honeywell (HON) also reaffirmed guidance for Q3, expecting earnings within or above prior guidance of $2.15-$2.25/share, in line with $2.23 analyst consensus estimate, as well as Q3 revenues of $9.1B-$9.3B, in line with $9.23 consensus.
For the full year, the company reaffirmed EPS guidance of $9.05-$9.25, in line with $9.16 analyst consensus.

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