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CLAIM #30569 · Honeywell International Inc (HON) · 2025Q2 earnings call · Jul 24, 2025 · due Dec 31, 2025

And I think that's going -- at least based on everything I know today, it's going to normalize some in the third quarter, and then we should be back to normal in the fourth quarter.

Mike Stepniak · CFO

CANNOT_DETERMINE
versus commitment · official band 5 percent
Committed
it's going to normalize some in the third quarter, and then we should be back to normal in the fourth quarter
Reported
Commercial OE growth accelerated as expected from the third quarter as shipments continue to recouple with customers' bill rates.

In context

f more normal go-forward rate for us. As you see, the hours are fairly stable, both on ATR and Business. And I think that's kind of a new normal for us going forward. Sheila Karin Kahyaoglu: Okay. And then if I could maybe hone in on the Aerospace OE decline once again, if that's possible. Why the destocking now? And it seems like deliveries are actually increasing. Was it related to one specific platform? Or is it inventory across multiple platforms? Mike Stepniak: It's predominantly has the impact from North America platforms on OE side. And if you think about last year, et cetera, we were shipping a lot into our OEs inventories. And now they're depleting these inventories. They have better visibility in terms of how much safety stock they need. So we're working ourselves for this blip. And I think that's going -- at least based on everything I know today, it's going to normalize some in the third quarter, and then we should be back to normal in the fourth quarter. Sean Christopher Meakim: And then, Sheila, I would just add the nuance is not everything is the same inside of OE. And so electromechanicals where we've had the supply chain challenges and continue to work towards making sequential improvement, whereas electronic solutions have been caught up for quite a while. And so you can see a little bit of a difference in terms of what those needs look like for customers between those 2 businesses. Operator: Our next question comes from Chris Snyder with Morgan Stanley. Christopher M. Snyder: I wanted to ask about portfolio actions. Vimal, you guys have remained quite busy here in the first half of '25 after you announced the separation in Q4 of last year. So should we assume that everything of size has been completed or announced at this point? And

Verify independently

SEC filings for HON · Claim quote is verbatim from the 2025Q2 earnings call.