Honeywell reports strong earnings with revenue exceeding expectations, but faces challenges with tariffs

From CNBC: 2025-04-29 12:10:00

Honeywell reported strong first-quarter results with revenue up 7.9% to $9.82 billion, exceeding expectations. Adjusted EPS of $2.51 also beat estimates. Management reaffirmed full-year guidance and provided updates on plans to split the company. With $500 million in tariff exposure, they are confident in mitigating the impact through strategic efforts like price hikes. Honeywell’s aerospace business faces a 125% tariff on American-made products exported to China. Some exemptions for aerospace parts have been reported, but it’s unclear if Honeywell’s exports are included. The building automation segment is mostly protected from tariffs, while the energy and sustainability solutions unit could suffer from demand erosion in the trade war. Second-quarter earnings guidance was above Wall Street estimates, but sales forecast was slightly below consensus. Shares rose more than 5% after the positive first-quarter results were reported.



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