Honeywell, 2shares 1raises earnings outlook after reverse split consolidating shares into shares

Honeywell Technologies 7month 8day 1to2(2shares 1shares) after completing a reverse split, disclosed that it had raised its earnings outlook. The announcement concerned the revised figures presented by the company immediately after the reverse split.

A reverse split is a method of reducing the number of shares outstanding and changing per-share figures. As stated by the company, this reverse split directly affects the figures shown on a per-share basis.

Honeywell disclosed that it had raised its earnings outlook to reflect the reverse split. The filing included the revised outlook along with the fact that the reverse split had been reflected.

The company disclosed this change to investors and presented a document showing how the per-share figures changed. For specific figures, please refer to the original company disclosure.

The reverse split and changes to the outlook affect per-share figures for accounting and presentation purposes. Investors need to check the number of shares they hold and the “per-share” basis used in the disclosure.

The company notified investors of the change through the relevant disclosure. Additional disclosures may be issued in the company’s quarterly report or in a separate announcement.