Honeywell quarterly profit jumps as aerospace sales rebound

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FILE PHOTO: An aircraft engine being built at Honeywell Aerospace in Phoenix
FILE PHOTO: A worker is seen building an aircraft engine at Honeywell Aerospace in Phoenix, Arizona, U.S. on September 6, 2016. Picture taken on September 6, 2016. REUTERS/Alwyn Scott/File Photo

July 23, 2021

(Reuters) – Honeywell International Inc on Friday reported a 32% rise in quarterly profit, helped by improving demand for aircraft parts as air traffic rebounds from a pandemic-prompted slowdown.

Net income attributable to the U.S. industrial conglomerate rose to $1.43 billion, or $2.04 per share, in the second quarter ended June 30, from $1.08 billion, or $1.53 per share, a year earlier.

(Reporting by Ashwini Raj and Ankit Ajmera in Bengaluru; Editing by Shinjini Ganguli)