Honeywell International Inc.

Honeywell International Inc. Earnings Recaps

HON Financials 3 recaps
Q1 2026 Apr 23, 2026

Honeywell reported robust Q1 results with 11% adjusted earnings growth, driven by strong order intake and margin expansion, amid ongoing portfolio transformation and geopolitical uncertainties.

Key takeaways
  • Organic orders increased 7%, supported by Building, Industrial Automation, and Process verticals, leading to a backlog exceeding $38 billion with a book-to-bill ratio above 1.1.
  • Adjusted margins expanded by 90 basis points to over 23%, benefiting from pricing discipline, productivity gains, and pre-Aerospace spin cost removals.
  • The company announced the imminent Aerospace spinoff slated for June 29, completing its strategic portfolio separation.
  • Despite geopolitical headwinds, demand remains resilient in Process Automation and Technology, with over $2 billion in project wins in recent quarters.
  • Honeywell is progressing on portfolio simplification with key divestitures and acquisitions, positioning both businesses for focused growth post-separation.
Full recap
Q3 2025 Oct 23, 2025

Honeywell's Q3 2025 performance exceeded expectations with significant organic sales growth and strong earnings, prompting an upward revision of full-year EPS guidance for the third time.

Key takeaways
  • Organic sales growth outpaced expectations, reflecting Honeywell's commitment to innovation.
  • Earnings surpassed guided ranges, indicating strong operational performance.
  • The company is raising its 2025 EPS guidance, accounting for the upcoming spin-off of Solstice Advanced Materials.
  • Honeywell has arranged significant transactions to simplify its balance sheet, enhancing financial flexibility.
  • A new segment structure will be implemented in Q1 2026, aimed at aligning operations for accelerated growth post-Aerospace separation.
Full recap
Q2 2025 Jul 25, 2025

Honeywell's Q2 2025 performance surpassed expectations, with robust organic sales growth allowing for an elevated full-year guidance amidst economic uncertainties.

Key takeaways
  • Organic sales and orders growth accelerated, reflecting successful investments in product development.
  • Full-year sales and earnings guidance has been raised, factoring in current tariffs and market conditions.
  • Progress made towards separating into three independent companies to maximize long-term stakeholder value, with the spin-off of Advanced Materials expected in Q4 2025.
  • Successfully announced the GBP 1.8 billion acquisition of Johnson Matthey's Catalyst Technologies to enhance growth in sustainable fuels.
  • New strategic evaluations for productivity solutions and warehouse automation businesses to streamline portfolio focus and drive value creation.
Full recap