Honeywell lifts 2025 profit outlook despite Solstice spinoff on sturdy demand
By Utkarsh Shetti (Reuters) -Honeywell on Thursday raised its 2025 profit forecast despite the impact of a planned separation of its advanced materials unit, signaling robust growth prospects fueled by strong aerospace demand, sending its shares up nearly 5% in premarket trading. The business, now named Solstice, is set to start trading independently on the Nasdaq from October 30 and is part of Honeywell's plan to split into three independent companies. The Charlotte, North Carolina-based company also s ...