Honeywell Aerospace has faced a significant setback just weeks after becoming a standalone company, as it reported a disappointing earnings debut. The company slashed its full-year guidance on key metrics, leading to a 21% selloff in its stock.
Honeywell Aerospace Inc. reduced its outlook after supply chain issues hampered growth at the newly independent aerospace and defense supplier during the most recent quarter.
Brady Corp., a maker of signs and labels, sold $800 million of private debt to support its purchase of Honeywell International Inc.’s productivity solutions and services business.
Honeywell Technologies bucked a broader market selloff after the industrial automation company delivered a strong quarter and raised guidance.
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