Honeywell Aerospace (HONA) Stock Tanks After Slashing Guidance in First Standalone Earnings
TLDR
- HONA stock fell as much as 17% in premarket trading after its first quarterly report as a standalone company
- Q2 sales came in at $4.52 billion, up 5% year over year, missing the $4.6 billion Wall Street estimate
- Adjusted EPS fell 32% to $1.87, well below analyst expectations of $8.86 for the full year
- 2026 organic sales growth guidance cut to 4%-5%, down from a prior forecast of 7%-9%
- Supply chain issues are forcing the company to prioritize Boeing and Airbus deliveries over its higher-margin aftermarket business
Honeywell Aerospace (HONA) stock dropped as much as 17% before the bell on Thursday after the company posted its first quarterly results since spinning off from Honeywell Technologies (HON) in June. The stock was trading around $177 in premarket, down roughly 13% at that point.
The numbers missed across the board. Q2 sales came in at $4.52 billion, up 5% year over year but short of the $4.6 billion Wall Street expected. Operating profit hit $1 billion, down 7% from a year ago, against expectations of $1.1 billion. Inventory obsolescence charges were part of the drag.
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