Jan 29 (Reuters) - Honeywell reported a rise in fourth-quarter revenue and profit on Thursday, buoyed by continued strength in its aerospace unit and aftermarket services.
A delay in delivery of aircraft
is prompting airlines to fly jets longer, boosting demand for parts and maintenance, and turning the high-margin aftermarket services business into a central profitability engine for the aerospace segment.
At Honeywell, the aerospace business has faced pressure from high costs, global trade tensions and tariffs, but it has managed to hold pricing steady across its products and services.
The company posted an adjusted profit of $2.59 per share during the fourth quarter, compared with $2.22 a year ago.
Softer demand for its automation equipment, however, limited the growth in earnings.
The results cap a constructive year for the industrial giant, which announced a breakup of its large conglomerate structure to create three independent companies focused on automation, aerospace and advanced materials.
The company said on Thursday it expects the planned separation of its automation and aerospace businesses to be completed in the third quarter.
For 2026, Honeywell expects its adjusted profit per share to be between $10.35 and $10.65. Analysts on average expect $10.38 per share, according to data compiled by LSEG.
Sales of its aerospace unit rose 13.4% to $4.52 billion during the fourth quarter. Honeywell's overall sales rose 6.4% to $9.76 billion for the period.
(Reporting by Aatreyee Dasgupta in Bengaluru; Editing by Shilpi Majumdar)
