AI Earnings Predictions for Honeywell International Inc. (HON)

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2 exhibit99-q32026earningsre.htm

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Document

Exhibit 99

Contacts:

MediaInvestor Relations

Stacey JonesMark Macaluso

(980) 378-6258(704) 627-6118

stacey.jones@honeywell.commark.macaluso@honeywell.com

HONEYWELL TECHNOLOGIES REPORTS THIRD QUARTER RESULTS, RAISES FULL-YEAR 2026 OUTLOOK

•Sales of $5.0 billion, up 1% reported (7% organic1) driven by broad-based growth across all segments

•Operating margin of 14.8%, up 640 basis points; segment margin1 of 21.3%, up 370 basis points

•Earnings per share (EPS) of $2.40, down 20% due to one-time gain in prior year; adjusted EPS1 of $2.27, up 34%

•Operating cash of $0.6 billion; free cash flow1 of $0.7 billion, with conversion1 of 95%

•Raising full-year organic revenue, adjusted EPS and free cash flow guidance; expect segment margin to be at previous high end of guidance

CHARLOTTE, N.C., October 22, 2026 -- Honeywell Technologies (NASDAQ: HON) today announced financial results for the third quarter of 2026.

The company reported third-quarter sales of $5.0 billion, up 1% reported and 7% organic1, driven by broad-based strength across all three segments, pricing actions, and continued demand across key end markets. Backlog increased 7% year over year to nearly $19 billion, excluding Warehouse and Workflow Solutions (WWS) and Productivity Solutions and Services (PSS) divestitures in 3Q 2026.

Operating income increased 79% and segment profit1 increased 23% driven by productivity, including elimination of stranded costs related to prior spin-offs and divestitures, pricing actions that more than offset inflation, and volume leverage. Operating margin of 14.8% increased 640 basis points and segment margin1 of 21.3% expanded 370 basis points, led by Industrial Automation and Building Automation.

Reported EPS decreased 20% primarily due to a one-time gain from the Resideo termination agreement in prior year. Excluding the impact of this and other items, adjusted earnings per share1 increased 34% year over year to $2.27 driven by organic sales growth, higher segment profit, and lower net interest expense.

Finally, operating cash flow of $607 million decreased 74% primarily due to the one-time settlement from the Resideo termination agreement in prior year, while free cash flow1 of $688 million increased 15%, with free cash flow conversion1of 95%, driven by higher operating income and lower capital expenditures.

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Honeywell Technologies Q3’26 Results - 2

Management Commentary

“Honeywell Technologies delivered strong results across the business in our first quarter as a standalone company. Continued momentum across all three segments, together with our improving position in high-growth verticals, translated to 7% organic sales growth, above the three-year target set at our June Investor Day. This performance, coupled with continued progress reducing fixed cost, enabled adjusted operating income to increase at more than three times the rate of sales, while adjusted EPS rose 34%, well ahead of our expectations for the quarter. As a result of this strong performance, we are raising our full-year 2026 outlook, which gives me great confidence in our long-term strategy and our ability to deliver on our 2029 targets,” said Chairman and Chief Executive Officer Vimal Kapur.

Table 1: Summary of Financial Results

(Dollars in millions, except per share amounts)

3Q 20263Q 2025Change

Sales$4,994$4,9291%

Organic1 Growth 7%

Operating Income$740$41379%

Operating Income Margin14.8%8.4%640 bps

Segment Profit1 $1,062$86623%

Segment Margin1 21.3%17.6%370 bps

Earnings Per Share - Continuing Operations$2.40$2.99(20%)

Adjusted Earnings Per Share1 $2.27$1.7034%

Cash Flow from Operations - Continuing Operations$607$2,306(74%)

Free Cash Flow1,4 $688$59915%

Table 2: Summary of Segment Financial Results

(Dollars in millions)

BUILDING AUTOMATION3Q 20263Q 2025 Change

Sales$2,020$1,8788%

Organic1 Growth 8%

Segment Profit$546$5029%

Segment Margin27.0%26.7%30 bps

PROCESS AUTOMATION AND TECHNOLOGY

Sales$1,859$1,59816%

Organic1 Growth 8%

Segment Profit$412$3896%

Segment Margin22.2%24.3%(210) bps

INDUSTRIAL AUTOMATION

Sales$1,115$1,450(23%)

Organic1 Growth 4%

Segment Profit$205$216(5%)

Segment Margin18.4%14.9%350 bps

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Honeywell Technologies Q3’26 Results - 3

Building Automation sales grew 8% organically1 year over year. Building products grew 11%, fueled by the fire and security businesses, while building solutions grew 4% on continued strength in services. Segment margin expanded 30 basis points to 27.0%, benefiting from volume leverage and pricing actions that offset inflation.

Process Automation and Technology sales increased 8% organically1 year over year. Project sales grew 14% led by continued growth in LNG and petrochemical projects, while aftermarket grew 4% driven primarily by refining demand. Margins contracted 210 basis points as expected driven by project mix and dilution from the acquisition of Johnson Matthey’s Catalyst T

EX-99

2 exhibit99-q22026earningsre.htm

EX-99

Document

Exhibit 99

Contacts:

MediaInvestor Relations

Stacey JonesMark Macaluso

(980) 378-6258(704) 627-6118

stacey.jones@honeywell.commark.macaluso@honeywell.com

HONEYWELL TECHNOLOGIES REPORTS SECOND QUARTER RESULTS

CHARLOTTE, N.C., July 23, 2026 -- Honeywell Technologies (NASDAQ: HON) today announced results for the second quarter of 2026. The consolidated results include the operations of Honeywell Aerospace (NASDAQ: HONA), which successfully separated in a spin-off from Honeywell Technologies on June 29, 2026 (third quarter 2026).

Second Quarter 2026 Consolidated Results (including legacy Aerospace Technologies segment):

•Orders up 4% leading to ~$38 billion backlog

•Sales of $9.7 billion, reported sales up 4% and organic1 sales up 4%

•Operating margin of 17.9% and segment margin1 of 23.1%

•Earnings per share (EPS) of $17.83, which reflects the impact of a one-time gain on deconsolidation of Quantinuum, and adjusted EPS1 of $4.52

Second Quarter 2026 Honeywell Technologies Results (excluding Aerospace Technologies):

•Orders up 16% leading to ~$20 billion backlog

•Sales of $5.2 billion, up 3% reported and up 4% organic1

•Operating margin of 12.8% and segment margin1 of 19.0%

•EPS of $16.65 and adjusted EPS1 of $1.95

Management Commentary

"The second quarter marked a historic milestone for Honeywell Technologies as we completed the separation of Honeywell Aerospace and began a new era as a leading pure-play automation company. The results we delivered this quarter are the outcome of a year-plus long process to simplify our business, and we are already seeing the benefits of this transformation today. Honeywell Technologies delivered strong organic orders and sales growth, and 100 basis points of segment margin expansion, leading to double digit earnings growth in the second quarter and reinforcing our confidence in the long-term targets that we shared at our recent investor day. As a simplified company, Honeywell Technologies is now positioned to further accelerate profitable growth as we leverage our deep domain expertise and vast installed base to create enduring value for our shareowners," said Vimal Kapur, chairman and chief executive officer of Honeywell Technologies.

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Honeywell Technologies Q2’26 Results - 2

Table 1: Summary of Consolidated Financial Results

Including Honeywell Technologies and Honeywell Aerospace business

(Dollars in millions, except per share amounts)

2Q 20262Q 2025Change

Sales$9,719$9,3224%

Organic1 Growth 4%

Operating Income$1,737$1,843(6%)

Operating Income Margin17.9%19.8%(190 bps)

Segment Profit1 $2,240$2,1285%

Segment Margin1 23.1%22.8%30 bps

Earnings Per Share - Continuing Operations$17.83$4.33312%

Adjusted Earnings Per Share1 $4.52$4.72(4%)

Cash Flow from Operations - Continuing Operations$1,276$1,06420%

Free Cash Flow1,4 $1,252$87843%

The information in Tables 2, 3 and 4 and all subsequent commentary (other than under the heading “Honeywell Aerospace”) refers to Honeywell Technologies only*. Please refer to our quarterly report on Form 10-Q for the second quarter of 2026 for additional information.

Table 2: Summary of Honeywell Technologies Financial Results

(Dollars in millions, except per share amounts)

2Q 20262Q 2025Change

Sales$5,187$5,0183%

Organic1 Growth 4%

Operating Income$662$666(1%)

Operating Income Margin12.8%13.3%(50 bps)

Segment Profit1 $985$9049%

Segment Margin1 19.0%18.0%100 bps

Earnings Per Share - Continuing Operations$16.65$1.211,276%

Adjusted Earnings Per Share1 $1.95$1.7710%

Cash Flow from Operations - Continuing Operations$563$187201%

Free Cash Flow1,4 $456$114300%

* Results refer to Honeywell Technologies only, excluding results attributable to the Honeywell Aerospace business, including adjustments related to the perimeter of the Aerospace spin-off, allocation of Honeywell Technologies corporate costs, and treatment of intracompany transactions, among other items.

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Honeywell Technologies Q2’26 Results - 3

Table 3: Summary of Honeywell Technologies Segment Financial Results

(Dollars in millions)

BUILDING AUTOMATION 2Q 2026 2Q 2025 Change

Sales$2,002$1,82610%

Organic1 Growth 9%

Segment Profit$542$47913%

Segment Margin27.1%26.2%90 bps

PROCESS AUTOMATION AND TECHNOLOGY

Sales$1,679$1,6134%

Organic1 Growth (1%)

Segment Profit$371$386(4%)

Segment Margin22.1%23.9%(180) bps

INDUSTRIAL AUTOMATION

Sales$1,501$1,577(5%)

Organic1 Growth 4%

Segment Profit$258$257—%

Segment Margin17.2%16.3%90 bps

Building Automation sales for the second quarter grew 9% organically1 year over year. Building products grew 10% led by continued double-digit growth in the fire business, and building solutions grew 7%, driven by services. Orders increased 13% year over year led by robust growth in data center and hospitality verticals. Segment margin expanded 90 basis points to 27.1% driven by volume leverage and pricing, partially offset by inflation.

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