Honeywell Aerospace Slashes Outlook Amid Supply-Chain Woes
Honeywell Aerospace stock plummeted to $176.99 in pre-market trading on Thursday, down 13.1% from the previous day's close, after the company slashed its full-year 2026 financial outlook.
The revised guidance includes a lower organic sales growth forecast of 4-5%, down from the prior range of 7-9%, and reduced adjusted EBITDA guidance to $4.35B-$4.45B, from $4.65B-$4.75B.
Honeywell's CEO Jim Currier attributed the disappointing guidance revision to supply-chain constraints that have prevented the company from ramping up production to meet surging aftermarket demand.