Shares of Honeywell International Inc. rallied in early Thursday trading after the aerospace and defense company raised its full-year earnings outlook, even as the separation of its advanced-materials business is set to be completed in the coming days.

Solstice Advanced Materials is slated to become

an independent publicly traded company on Oct. 30, with the stock trading on the Nasdaq exchange under the ticker symbol “SOLS.” As a result, Honeywell HON on Thursday adjusted its previous guidance for 2025 sales, earnings per share and free cash flow to reflect that the business was discontinued.