Honeywell Aerospace Stock Tumbles Amid Supply Chain Woes

Honeywell Aerospace's stock plummeted in after-hours trading on Wednesday as the company lowered its full-year outlook due to supply chain constraints.

The spin-off from Honeywell, which reported second-quarter revenue of $4.52 billion, up 5% year-over-year, and adjusted earnings of $1.87, cited these challenges in revising its guidance for organic revenue growth to 4% to 5%, down from a prior forecast of 7% to 9%.

Additionally, the company expects pro-forma standalone adjusted EBITDA of $4.35 billion to $4.45 billion, down from prior guidance of $4.65 billion to $4.75 billion.

In a statement, Jim Currier, CEO of Honeywell Aerospace, said that the company is taking strategic actions to position itself for growth and compelling financial performance in 2027 and beyond.