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Honeywell hits near 4-week high after first-quarter beat

ReutersApr 29, 2025 2:31 PM

Honeywell's shares HON.O rose as much as 5.4% to $211.30 in early trade - their highest since April 3

Stock last up 4.5% at $209.58

Industrial conglomerate's Q1 adjusted EPS of $2.51 beats estimates of $2.21, while sales of $9.82 billion also top estimates of $9.59 billion, per LSEG data

Co raises 2025 adjusted EPS forecast to $10.20 - $10.50 from $10.10 - $10.50 a share vs estimates of $10.29, per LSEG

Trims FY sales guidance to $39.6-$40.5 bln from $39.6-$40.6 bln; analysts estimate is $40.3 billion

CEO says 2025 tariff exposure is about $500 million but confident it could be fully offset

Citi says results and raised EPS outlook "highlight good visibility and resilience within HON’s portfolio"

Stock down 7% this year, including the day's moves

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