09:05 AM EDT, 10/23/2025 (MT Newswires) -- Honeywell International ( HON ) raised its full-year earnings outlook on Thursday, while the industrial conglomerate recorded an unexpected year-over-year increase in its third-quarter bottom line.

Adjusted earnings are now set to come in between $10.60 and $10.70 per share for 2025, up from the company's previous guidance of $10.45 to $10.65. The current consensus on FactSet is for non-GAAP EPS of $10.53. The stock increased 4.1% in the most recent premarket activity.

The revised forecast includes an impact of about $0.21 a share on adjusted earnings related to the spinoff of Honeywell's ( HON ) Solstice Advanced Materials expected to be completed on Oct. 30. In February, the company disclosed plans to split into three publicly-listed entities.

"We are raising our full-year 2025 adjusted earnings per share guidance even while separating Solstice Advanced Materials," Chief Executive Vimal Kapur said in the Thursday earnings release.

The Solstice spinoff is anticipated to reduce the company's full-year sales by about $700 million, with the metric now pegged at $40.7 billion to $40.9 billion versus prior projections of $40.8 billion to $41.3 billion. The Street is looking for $40.87 billion.

For the third quarter, Honeywell's ( HON ) adjusted EPS climbed to $2.82 from $2.58 the year before, defying the average analyst estimate on FactSet for a decrease to $2.57. Sales improved 7% to $10.41 billion, ahead of the market's view for $10.15 billion.

"As we progressed toward separating into three industry-leading public companies, we drove strong financial results and unlocked new value creation opportunities during the third quarter," according to Kapur. "Increased orders across our business segments pushed the company's total backlog to another record high."

Sales in the aerospace technologies business advanced 15% to $4.51 billion amid growth in commercial aftermarket and defense and space. Industrial automation revenue slipped 9% to $2.27 billion, while building automation inclined 8% to $1.88 billion. The energy and sustainability solutions segment saw sales move 11% higher to $1.74 billion.

In a Wednesday statement, Honeywell ( HON ) said its reporting segments will be classified as aerospace technologies, building automation, industrial automation and process automation and technology, effective Jan. 1. The separation of the group's aerospace technologies division remains on track for the second half of next year, it added.

The company expects adjusted EPS to be in a range of $2.52 to $2.62 and sales of $10.1 billion to $10.3 billion for the ongoing three-month period, it said in an earnings presentation Thursday. The Street is looking for non-GAAP EPS of $2.70 and sales of $10.56 billion.

"Looking ahead, we are well positioned to continue building on our momentum and value creation efforts in the fourth quarter," Kapur said.