Honeywell Aerospace’s Q2 Results Disappoint, Trims Annual Forecast Amid Supply Chain Challenges
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Author:小编   

Honeywell Aerospace announced that its revenue for the second quarter stood at $4.52 billion, marking a 5.4% increase year-over-year. However, its adjusted earnings per share of $1.87 fell short of what analysts had anticipated. At the close of the quarter, the company's backlog amounted to $18.2 billion, a 9% rise from the previous year, with orders growing by 8% over the preceding 12 months. This growth was largely fueled by the defense and space sectors. Owing to ongoing supply chain constraints, Honeywell Aerospace has revised its full-year outlook downward. The company now projects organic revenue growth to decelerate to a range of 4% to 5%, a notable decrease from its earlier forecast of 7% to 9%.

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