HONEYWELL INTERNATIONAL (HON) Company Report

Orders up 23% and backlog topped $37 billion; Q4 revenue was $9.76 billion (adjusted $10.07 billion, +11% organic) and adjusted EPS $2.59.
Aerospace sales grew 13% to $4.52 billion (21% organic) and building automation rose 10% to $1.97 billion, while industrial automation declined 8%.
Reported net income dropped to $309 million due to one-time asset sale and litigation charges, weighing on margins.
Completed the Solstice Advanced Materials spin, moved the planned Aerospace spin to Q3 2026, and issued 2026 guidance of $38.8–$39.8 billion in sales and $10.35–$10.65 adjusted EPS.

2 days ago

Bloomberg

Honeywell reports Q4 2025 earnings and 2026 guidance

HON

Earnings

Guidance Update

Share Buyback

Q4 2025: Adjusted EPS of $2.59 (up 17% YoY), organic orders +23%, backlog >$37 B, and organic sales +6% excluding Bombardier impact
FY 2025: Organic sales +7% (6% excl. Bombardier), adj. EPS $9.78 (+12%), and free cash flow $5.1 B (+20%)
2025 capital deployed $10 B (incl. $3.8 B share repurchases), Q4 debt repayment $2.3 B, and $900 M returned to shareholders
2026 guidance: Sales $38.8–39.8 B (+3–6% organic), segment margin 22.7–23.1%, adj. EPS $10.35–10.65 (+6–9%), FCF $5.3–5.6 B (~14% margin)

2 days ago

Transcript

Honeywell announces Q4 2025 results

HON

Earnings

Guidance Update

Q4 organic sales growth of 11% (6% ex-2024 Bombardier agreement) driven by aerospace (+11%) and building automation (+8%); orders up 23%, backlog exceeds $37 billion.
Adjusted EPS of $2.59, up 17% year-over-year (down 3% ex-Bombardier), and free cash flow of $2.5 billion, up 48% (13% ex-Bombardier).
Full-year 2025 organic sales up 7% (6% ex-Bombardier), adjusted EPS $9.78 (+12%) and free cash flow $5.1 billion (+20%).
2026 guidance for adjusted EPS of $10.35–$10.65 (+6%–9%) and free cash flow of $5.3–$5.6 billion, reflecting volume, pricing and productivity improvements.
Portfolio actions: Solstice Advanced Materials spin completed; aerospace spin targeted in Q3 2026; sale processes for Productivity Solutions & Services and Warehouse & Workflow Solutions underway in H1 2026.

2 days ago

Transcript

Honeywell reports strong Q4 2025 results and provides 2026 guidance

HON

Earnings

Guidance Update

New Projects/Investments

Honeywell delivered a strong Q4 and FY 2025, with orders up 23% and a $37 billion backlog, exiting the year with 6% sales growth excluding the 2024 Bombardier agreement.
Completed spin-off of Solstice Advanced Materials on October 30, 2025; expects the aerospace separation in Q3 2026 and will report four simplified segments going forward.
Quantinuum raised $840 million at a $10 billion pre-money valuation, launched the Helios quantum computer, and partnered with NVIDIA to integrate quantum and AI capabilities.
2026 guidance: adjusted EPS $10.35–$10.65 (+6%–9%), free cash flow $5.3–$5.6 billion (≈14% margin), and Q1 organic sales growth of 3%–5%; full-year organic growth expected: aerospace high single-digit, building automation mid single-digit, PNT flat, industrial automation flat to down.
In 2025, deployed $10 billion of capital: $3.8 billion share repurchases, $3.0 billion dividends, $2.2 billion acquisitions, $1.0 billion CapEx, and repaid $3.8 billion of debt.

2 days ago

Transcript

Honeywell reports Q4 2025 results

HON

Earnings

Guidance Update

Adjusted sales of $10.1 B (up 11% organic) and EPS of $2.67; free cash flow of $2.5 B in Q4 2025.
Q4 orders grew 23%, driving a record backlog and supporting sustained organic growth and margin expansion.
Portfolio transformation on track: Aerospace separation now expected in 3Q 2026, with investor days for both entities in June 2026.
FY 2026 guidance: sales of $38.8 B–$39.8 B (up 3–6% organically), segment margin of 22.7–23.1%, and EPS of $10.35–$10.65.

2 days ago

Presentation

Honeywell reports Q4 2025 results

HON

Earnings

Guidance Update

Fourth-quarter sales of $9.8 B (+6%), adjusted sales of $10.1 B (+10%; +11% organic).
GAAP EPS of $0.49 and adjusted EPS of $2.59 (+17%).
Orders up 23% organically; backlog exceeds $37 B.
2026 outlook: adjusted EPS of $10.35–$10.65 (+6–9%).
Aerospace spin-off now expected in Q3 2026.

2 days ago

8-K

Honeywell reports Q4 2025 results

HON

Earnings

Guidance Update

Fourth quarter sales of $9.8 billion, up 6%; adjusted sales of $10.1 billion, up 10% (11% organic growth)
Fourth quarter GAAP EPS of $0.49, adjusted EPS of $2.59
Orders rose 23% organically, driving backlog above $37 billion
2026 guidance: sales of $38.8 billion–$39.8 billion (3%–6% organic growth); adjusted EPS of $10.35–$10.65
Honeywell Aerospace spin-off now expected in third quarter 2026; leadership team announced

2 days ago

Press Release

Honeywell announces leadership for Aerospace spin-off

HON

CFO Change

Management Change

Honeywell Aerospace will become an independent, publicly traded company in the second half of 2026 on Nasdaq under the ticker HONA, headquartered in Phoenix, Arizona.
Josh Jepsen will join as Chief Financial Officer effective February 23, transitioning from his role as SVP & CFO at Deere & Company.
Bob Buddecke, Dave Marinick and Rich DeGraff have been named Presidents and CEOs of the Electronic Solutions, Engines & Power Systems and Control Systems units, respectively, all reporting to CEO Jim Currier.
As a standalone company, Honeywell Aerospace will rank among the largest pure-play aerospace suppliers with over $15 billion in 2024 sales.

Jan 22, 2026, 9:00 PM

Press Release

Honeywell settles Flexjet litigation, extends engine maintenance contract to 2035

HON

Legal Proceedings

Honeywell settled 2023 litigation with Flexjet over its HTF7000-series engine-maintenance service agreement.
The settlement includes extending the HTF7000 maintenance contract through 2035.
The deal could involve $470 million in one-time cash payments and reduce Q4 2023 sales by $310 million and operating income by $370 million.
Honeywell’s aerospace segment accounted for 37% of 2023 revenue, with 30% from recurring aftermarket services, underscoring the settlement’s strategic impact.

Jan 22, 2026, 5:33 AM

Barron's

Honeywell spin-off Solstice plans $220M Virginia ballistic-fiber expansion

HON

New Projects/Investments

$220 million investment to expand ballistic fiber production at Colonial Heights/Chesterfield County, VA, adding fiber spinning, composite coating and analytical capabilities
Construction and equipment installation slated for 2025–2029, with operational ramp through Sept. 30, 2030, and creation of 100 full-time jobs by 2029
Project supported by $3.5 million in state and local grants; SOLS shares rose 5.6–5.8% on the announcement
Analyst consensus one-year price target of $58.69 (range $50–$70) with a consensus Outperform recommendation (2.3)