By Will Feuer


Honeywell International Inc. raised its full-year sales and earnings outlook after the industrial company posted better-than-expected results for the first quarter, led by growth in its aerospace division.

Honeywell said it now expects full-year sales of $36.5 billion to $37.3 billion, up from a prior range of $36.0 billion to $37.0 billion. Organic growth, which strips out the effects of currency fluctuations and mergers, is expected to be 3% to 6%, up from prior guidance for growth of 2% to 5%.

The company said it now expects to post full-year adjusted earnings of $9.00 a share to $9.25 a share, up from $8.80 a share to $9.20 a share.

Chief Executive Darius Adamczyk said a strong backlog of orders in Honeywell's aerospace business gives the company confidence that it can meet its full-year guidance.

"Our businesses are poised for sustained growth, our backlog will support our projections, and our technologically differentiated portfolio of solutions is allowing us to address the world's toughest automation, digitalization and sustainability challenges," he said.


Write to Will Feuer at Will.Feuer@wsj.com


(END) Dow Jones Newswires

04-27-23 0642ET