- Agreed sale of Warehouse & Workflow Solutions to American Industrial Partners; WWS had ~$935M revenue in 2025 and the transaction is expected to close in H2 2026; Productivity Solutions & Services being sold to Brady.
- Updated Honeywell Aerospace spin-off timing to June 29, 2026 (will trade as HONA); investor events set for June 3 (Phoenix) and June 11 (New York) ahead of separation.
- Q1 results: sales $9.143B (+2% organic), orders +7%, backlog $38.3B; operating income $1.474B (-14%), segment profit $2.129B (+6%), adjusted EPS $2.45 (+11%), GAAP EPS $1.29 (-35%).
- 2026 guidance: sales $38.8B–$39.8B with organic growth 3%–6%; adjusted EPS $10.35–$10.65; operating cash flow $4.4B–$4.7B; free cash flow $5.3B–$5.6B.
Transaction and separation updates
Honeywell agreed to sell Warehouse & Workflow Solutions to American Industrial Partners; WWS generated about $935M revenue in 2025; Productivity Solutions & Services is being sold to Brady; Honeywell Aerospace spin-off now expected June 29, 2026, with investor events June 3 and June 11 ahead of separation.
First-quarter results
Reported and organic sales $9,143M (+2%); orders up 7% organically; backlog $38.3B. Operating income $1,474M (down 14%); operating margin 16.1% (-320 bps) reflecting an impairment on PSS/WWS assets held for sale and higher repositioning/divestiture costs; segment profit $2,129M (+6%); adjusted segment margin 23.3% (+90 bps). GAAP EPS $1.29 (-35%); adjusted EPS $2.45 (+11%). Operating cash flow ($650M); free cash flow $56M.
Segment highlights
Aerospace Technologies: sales $4,322M (+4%), segment profit $1,144M; temporary mechanical supply issues limited some engine and control systems growth. Building Automation: sales $1,882M (+11%), profit $496M, led by services and fire product strength. Process Automation & Technology: sales $1,513M (+5% reported; -6% organic) with aftermarket delays (refining catalysts, automation upgrades) and Middle East disruption; profit $359M. Industrial Automation: sales $1,421M (-11% reported; +1% organic), profit $241M; warehouse, sensing and services mix drove results.
2026 outlook
Full-year sales $38.8B–$39.8B with organic growth 3%–6%; segment margin 22.7%–23.1% (up 20–60 bps); adjusted EPS $10.35–$10.65 (up 6%–9%); operating cash flow $4.4B–$4.7B; free cash flow $5.3B–$5.6B.
