Honeywell Technologies raised its full-year 2026 profit forecast on Thursday, helped by resilient demand for its industrial and building automation products, even as quarterly profit missed analysts’ expectations.
Shares of the company, which reported its first earnings as a standalone business after Honeywell’s three-way split, rose more than 5% during morning trade.
Demand was led by Honeywell’s Building Automation unit, where organic sales rose 9% and orders increased 13%, driven by double-digit growth in data centers, healthcare and hospitality, part of a broader push into high-growth areas including semiconductors and grid infrastructure.