By Dean Seal

Honeywell International tweaked its full-year earnings and sales guidance to reflect uncertainty from the tariff war, though the volatility didn't weigh on its strong first quarter.

The industrial conglomerate said it now expects adjusted earnings of at least $10.20 a share this year, adding 10 cents to the low-end of its previous outlook. Sales meanwhile are now expected to top out at $40.5 billion instead of $40.6 billion.

Honeywell said the new guidance reflects the expected effect of tariffs, as well as its mitigation actions and volatility in demand trends.

"Though we have not yet seen it in our results, we recognize we face an uncertain global demand environment for the remainder of 2025," Chief Executive Vimal Kapur said.

For the first three months of the year, Honeywell posted a profit of $1.45 billion, or $2.22 a share, compared with $1.46 billion, or $2.23 a share, in the same quarter a year earlier.

Stripping out one-time items, adjusted earnings were $2.51 a share. Analysts polled by FactSet had been expecting $2.21 a share.

Sales rose 7.9% to $9.82 billion, ahead of analyst projections for $9.59 billion, according to FactSet.

Revenue from the company's aerospace technologies segment were up 9% organically from strength in the commercial aftermarket thanks to higher demand for air transport and better output from supply chain improvements.

Defense and space sales were up 10% organically, boosted by continuing geopolitical uncertainty, Honeywell said.

The company also said its planned breakup into three new entities is proceeding as planned.

Shares rose 5% to $210.71 in premarket trading.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

April 29, 2025 06:35 ET (10:35 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.