Honeywell Worldwide Inc. (NASDAQ: HON), a diversified know-how firm, reported monetary outcomes for the second quarter of fiscal 2025.
Second-quarter gross sales grew 8% year-over-year to $10.35 billion, with natural gross sales rising 5% and exceeding administration’s steerage. It raised full-year FY25 gross sales steerage to $40.8-41.3 billion from the earlier forecast of $39.6-40.5 billion.
On an adjusted foundation, June-quarter earnings elevated 10% yearly to $2.75 per share. The corporate elevated its adjusted earnings per share steerage to $10.20-10.50 from $10.20-10.50 it had guided earlier. Unadjusted web revenue attributable to the corporate was $1.57 billion or $2.45 per share in Q2, in comparison with $1.54 billion or $2.36 per share reported within the year-ago quarter.
Vimal Kapur, CEO of Honeywell, mentioned, “With Constructing Automation main the way in which, three out of 4 segments grew gross sales at higher than 5% within the quarter, demonstrating the facility of our Accelerator working system to adapt shortly and drive progress whilst enterprise situations change. Through the quarter, we additionally noticed promising outcomes from our elevated give attention to new product innovation, which additional supported the expansion of our document backlog.”
Through the quarter, Honeywell accomplished its $2.2-billion acquisition of Sundyne and introduced the acquisition of Johnson Matthey’s Catalyst Applied sciences Enterprise.
