(Reuters) - Honeywell (NASDAQ:HON) beat Wall Street estimates for first-quarter results on Thursday as strength in its aviation business offset a slowdown in the company's industrial and building automation units.
Strong demand for parts from customers Boeing (NYSE:BA) and Airbus have lifted results of suppliers such as Honeywell in recent quarters as travel demand booms.
Sales at Honeywell's aerospace unit rose 18% to $3.67 billion in the first quarter.
The Charlotte, North Carolina-based forecast second-quarter adjusted profit per share between $2.25 and $2.35, compared with expectations of $2.35, according to LSEG data.
Honeywell expects second-quarter sales between $9.2 billion and $9.5 billion, the midpoint of which is slightly below estimates of $9.38 billion.
The company maintained its full-year forecast.
Honeywell's first-quarter sales rose 3% to $9.11 billion, beating estimates of $9.03 billion.
On an adjusted basis, the company earned $2.25 per share in the reported quarter, topping expectations of $2.17.