UTX - Honeywell's Earnings Will Interest Every Industrials Investor
Honeywell (NYSE: HON) investors find themselves in an unusual position going into its third-quarter earnings. The company has been raising full-year sales and earnings guidance through 2019, and has arguably been doing it conservatively, but it still faces some near-term headwinds. Let's look at what to expect from the earnings report and why it matters to so many other industrial companies.
Whether its Honeywell, or its peers General Electric (NYSE: GE) and United Technologies (NYSE: UTX), the theme of 2019 has been consistent: Aerospace remains the strongest industry performer. In particular, the commercial aerospace aftermarket has been extremely strong and has generally surpassed expectations. For example, United Technologies raised its estimate for Collins Aerospace full-year aftermarket organic sales growth to high single digits, from low to mid single digits, on its second-quarter earnings call.
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