Honeywell International shares rose as management projected third-quarter organic growth at the high end of its 4% to 6% range. Executives at the Morgan Stanley Laguna Conference characterized the first two months of the quarter as good or very good.
Short-cycle orders grew in the high single digits during the first two and a half months of the period. The process automation and technology backlog increased 25%. Management expects this backlog to drive significant growth through the second half of 2026.