Key facts
- Honeywell Aerospace lifted its second-half 2026 free cash flow forecast to $1.2 billion-$1.4 billion.
- The company declared a quarterly cash dividend of $0.40 per share.
- Full-year 2026 adjusted earnings per share forecast raised to $7.85-$8.00.
- Third-quarter free cash flow was $500 million.
- Third-quarter net income rose 13% year-on-year to $737 million.
Honeywell Aerospace on Wednesday lifted the lower end of its free cash flow forecast for the second half of 2026, citing a longer backlog and improvements from some suppliers. The company now expects free cash flow between $1.2 billion and $1.4 billion, compared to its previous range of $1 billion to $1.4 billion. The Arizona-based company also declared a quarterly cash dividend of $0.40 per share. In August, Honeywell Aerospace had lowered its 2026 sales growth forecast and issued a weaker-than-expected earnings outlook due to persistent supply-chain issues. The company reiterated its organic sales growth guidance of 4% to 5% for 2026. For the third quarter, Honeywell Aerospace reported $500 million in free cash flow and a 13% year-on-year rise in net income to $737 million. The company debuted on the Nasdaq in June after spinning off from Honeywell.