Honeywell Aerospace Cuts Growth Forecast Amid Supply Chain Woes

Honeywell Aerospace's growth outlook has been reduced due to supply chain issues. Just weeks after becoming an independent company, the supplier announced a lower sales growth forecast of 4-5% this year on an organic basis, down from its prior estimate.

This new projection is roughly half of what was initially predicted, and it also suggests that adjusted earnings before interest and taxes may not increase at all this year on a pro forma basis. Previously, the company had expected as much as 10% growth in this metric.