Most S&P 500 industrial stocks deliver earnings beats this week

Most S&P 500 industrial companies reporting this week surpassed earnings expectations, with only United Rentals (URI [https://seekingalpha.com/symbol/URI]) and GE Vernova (GEV [https://seekingalpha.com/symbol/GEV]) missing estimates.

On the revenue front, six firms of the 21 industrial companies that reported results this week fell short of Wall Street forecasts. Quarter to date, just three of the 26 industrial companies that have released results have missed earnings targets, while seven have come up short on sales.

The Industrial Select Sector SPDR Fund (NYSEARCA:XLI [https://seekingalpha.com/symbol/XLI]) has gained nearly 18% so far this year, outpacing the S&P 500’s roughly 16% advance.

BELOW ARE THE LATEST QUARTERLY REPORTS FROM TOP INDUSTRIAL NAMES THIS WEEK:

GE AEROSPACE (GE [https://seekingalpha.com/symbol/GE]) lifted its full-year guidance for the second consecutive quarter, reflecting sustained momentum from a strong air travel market. The company now projects adjusted earnings between $6.00 and $6.20 per share, up from its earlier range of $5.60 to $5.80, surpassing Wall Street’s consensus estimate of $5.92. GE Aerospace also raised its outlook for revenue growth to the high teens and boosted its forecasts for both operating profit and free cash flow.

3M (MMM [https://seekingalpha.com/symbol/MMM]) reported third-quarter earnings and revenue that exceeded expectations and raised its full-year profit outlook. The industrial conglomerate posted adjusted earnings of $2.19 per share, up 10% from a year ago and above Wall Street’s estimate of $2.07. Adjusted sales increased 4.1% to $6.3 billion, surpassing the expected $6.25 billion. 3M also raised its 2025 adjusted earnings guidance to $7.95–$8.05 per share from $7.75–$8.00, driven by stronger organic growth and improved margins.

LOCKHEED MARTIN (LMT [https://seekingalpha.com/symbol/LMT]) lowered its full-year free cash flow guidance, overshadowing stronger-than-expected quarterly earnings. The company now expects about $6.6 billion in free cash flow for 2025, tightening its prior forecast of $6.6 billion to $6.8 billion.

RTX (RTX [https://seekingalpha.com/symbol/RTX]) raised its full-year profit outlook after posting quarterly results that beat analyst estimates, driven by strong performance across its commercial aerospace and defense segments. The company now expects 2025 adjusted earnings of $6.10–$6.20 per share, up from the previous range topped at $5.95. Adjusted sales are projected between $86.5 billion and $87.0 billion, compared with the prior guidance of $84.75 billion–$85.5 billion.

HONEYWELL INTERNATIONAL (HON [https://seekingalpha.com/symbol/HON]) beat Wall Street expectations with its third-quarter earnings and raised its full-year guidance ahead of the planned Solstice Advanced Materials spin-off. The industrial conglomerate posted net income of $1.9 billion, or $2.86 per share, up from $1.4 billion, or $2.17 per share a year ago, surpassing the GAAP estimate of $2.37 per share. Adjusted earnings of $2.82 per share also topped analysts’ forecast of $2.57.

For the upcoming week, Boeing (BA [https://seekingalpha.com/symbol/BA]), Caterpillar (CAT [https://seekingalpha.com/symbol/CAT]) and United Parcel Service (UPS [https://seekingalpha.com/symbol/UPS]) are the notable industrial tickers scheduled to report results. For Boeing (BA [https://seekingalpha.com/symbol/BA]), analysts expect a loss of -$2.38 per share on revenue of $22.13B. Caterpillar (CAT [https://seekingalpha.com/symbol/CAT]) is projected to earn $4.52 per share (-12.5% Y/Y) on $16.77B revenue.

ETFS: (NYSEARCA:VIS [https://seekingalpha.com/symbol/VIS]), (FXR [https://seekingalpha.com/symbol/FXR]), (BATS:IYJ [https://seekingalpha.com/symbol/IYJ]), (NYSEARCA:FIDU [https://seekingalpha.com/symbol/FIDU]), and (NYSEARCA:RSPN [https://seekingalpha.com/symbol/RSPN]).

MORE ON THE INDUSTRIAL SELECT SECTOR SPDR® FUND ETF, VANGUARD INDUSTRIALS INDEX FUND ETF SHARES, ETC.

* FIDU: Industrials Dashboard For October [https://seekingalpha.com/article/4830951-fidu-industrials-dashboard-for-october]
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* RSPN: Industrials Dashboard For September [https://seekingalpha.com/article/4823439-rspn-industrials-dashboard-for-september]
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* Generac gains the most among industrial stocks this week, Stanley Black & Decker lags [https://seekingalpha.com/news/4503415-generac-gains-the-most-among-industrial-stocks-this-week-stanley-black-decker-lags]