Tag Archives: post-spin earnings

Honeywell Technologies Gets Its First Look Without Aerospace

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Honeywell Technologies automation businesses after the Honeywell Aerospace spinoff

Honeywell’s first earnings release after the Aerospace spinoff requires a little subtraction. The headline numbers — $9.7 billion of sales and $4.52 of adjusted earnings per share — still include Honeywell Aerospace, even though HONA has been trading on its own since June 29. The numbers for the company that now trades under HON are smaller and more… Read More »

GE Vernova Has The Orders. Wind Power Faces Major Headwinds

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illustration of GE Vernova post-spinoff earnings showing strong power and electrification demand alongside wind segment losses

GE Vernova is the kind of spinoff that makes conglomerate breakup arguments much easier to defend. Then Wind shows up and reminds everyone why the breakup was necessary in the first place. The former GE power business reported a strong second quarter, raised full-year revenue and free-cash-flow guidance, and ended the quarter with a $176 billion backlog. Orders… Read More »