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Honeywell Adjusts Annual Earnings Outlook Following Reverse Split

A one-for-two reverse stock split finalized on June 29 has prompted Honeywell Technologies to revise its full-year earnings guidance. The industrial and building services firm doubled its projected per-share earnings range to reflect the reduction in outstanding common shares from 634 million to 317 million.

Honeywell Adjusts Annual Earnings Outlook Following Reverse Split

The company now anticipates adjusted earnings per share between $7.90 and $8.30 for the fiscal year, a direct adjustment from its previous forecast of $3.95 to $4.15. While the per-share figures have shifted to align with the new share count, the underlying financial performance expectations remain steady. Honeywell maintains its full-year sales outlook, projecting revenue to reach between $19.9 billion and $20.2 billion.

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