$HON · HONEYWELL INTERNATIONAL INC
Honeywell Technologies reported Q3 2026 results with sales of $4.99B (+1% reported, +7% organic), adjusted EPS of $2.27 (+34% YoY), and segment margin of 21.3% (+370 bps). The company raised full-year 2026 guidance across organic revenue (4-5%), adjusted EPS ($8.40-$8.45), and free cash flow (~$2.1B). This marks the first quarter as a standalone pure-play automation company following restructuring.
- Q3 sales $4.99B, +1% reported, +7% organic driven by broad-based growth across all three segments
- Adjusted EPS $2.27, up 34% YoY; segment margin 21.3%, up 370 bps
- Operating income $740M, up 79% YoY; free cash flow $688M, up 15%
- Backlog increased 7% YoY to nearly $19B excluding WWS and PSS divestitures
- Full-year guidance raised: organic growth 4-5%, adjusted EPS $8.40-$8.45, free cash flow ~$2.1B
Extended-hours trading shows HON at $214.28, down 0.21% from regular close — a modest fade despite the guidance raise and 34% adjusted EPS growth, suggesting the strong quarter was largely priced in or the GAAP EPS decline (-20%) gave pause.
First standalone quarter post-restructuring with 7% organic growth exceeding the 3-year Investor Day target, plus a guidance raise — validating the pure-play automation thesis.
Honeywell Technologies' first quarter as a standalone pure-play automation company post-restructuring. 7% organic growth exceeds the 3-year target set at the June Investor Day, positioning it favorably against industrial automation peers.
Process Automation and Technology segment margin contracted 210 bps due to project mix and dilution from the Johnson Matthey Catalyst Technologies acquisition. Forward-looking risks include tariff impacts, supply chain disruptions, and Middle East conflicts cited in the release.
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