“we are holding our 2025 full-year outlook for organic sales growth in the high single-digit range or mid-single-digit to high single-digit when excluding the impact of last year's Bombardier agreement.”

In context

“ve acquisitions such as Sundyne, as well as being opportunistic on the repurchase of our shares. Year to date, we have already bought back $3 billion worth of our stock, including $1 billion in April, putting us on the path to reduce our net share count for the year by 2%, far exceeding our 1% annual commitment. In summary, we're taking a clear-eyed look at the remainder of 2025 to set appropriate expectations for our business given all the information available to us today. We are also not pausing the investment needed to fuel the future of innovation growth. I'll now turn to slide nine to spend a few minutes on our outlook by business. This discussing high-level expectations by segment with additional details by SBU covered in the commentary portion of the slide. Aerospace Technologies, we are holding our 2025 full-year outlook for organic sales growth in the high single-digit range or mid-single-digit to high single-digit when excluding the impact of last year's Bombardier agreement. Aero is expected to maintain its position as the growth leader for Honeywell International Inc., driven by ongoing ramp in flight activity and global defense spending. For the second quarter, organic sales are expected to be up in the mid-single-digit to high single-digit range. By strengthening our commercial aftermarket business as the supply chain outlook continues to support our out Margins for the quarter and the year should be roughly 26% as case integration headwinds temporarily bring the segment below the run rate levels. We are lowering the 2025 sales outlook for industrial automation to down mid-single digits year over year. As the trajectory of short-cycle orders and customer CapEx decisions become increasingly uncertain in the current environment. We expect IA margins to be up”