On July 23, Honeywell rose 3.8% in regular trading, trading at $247.91/share, with turnover of $125 million.

On the news front, Honeywell reported its first standalone quarterly results following the aerospace business spinoff. Q2 sales reached $5.187 billion, up 3% year-over-year, exceeding the consensus estimate of $5.02 billion. Adjusted EPS came in at $1.95, surpassing the $1.82 analyst expectation. New orders surged 16% year-over-year, driving the backlog to approximately $20 billion.

The company raised its full-year adjusted EPS guidance to $8.05–$8.35, up from the prior range of $7.90–$8.30. Management noted that process automation and technology are expected to reach a growth inflection point in the second half, while industrial automation maintains strong momentum. Additionally, the CEO highlighted robust Middle East activity, with regional orders projected to climb approximately 40% and revenue growing at a high single-digit rate. The company also completed its $1.79 billion acquisition of Johnson Matthey's Catalyst Technologies business.

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