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Earnings release · 8-K Exhibit 99

Honeywell International · Earnings release · 8-K Exhibit 99

HON · Industrials

Filed 2026-06-25 · CY2026 Q2 · Company’s FY2026 Q2 · 7,962 words

Read the original on sec.gov ↗

Palanor summary

Honeywell Technologies reported segment sales of $4.8B for Q1 2026, a 1% reported increase. Segment profit was $944M. The results reflect the impact of divestitures and foreign currency. The company completed the spin-off of its Aerospace Technologies business. Management notes ongoing adjustments for divestiture-related costs and asset impairments.

Written by Palanor from the full document. Not the company’s words.

Sentiment

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Confidence

40%

Scored on the whole document. No single passage carries these two numbers, so none is highlighted.

EX-99.27exhibit992-junexwintersupp.htmEX-99.2 Document

Exhibit 99.2

HONEYWELL INTERNATIONAL INC.

(Unaudited)

(Dollars in tables in millions)

The Company’s current estimates on a discontinued operations basis are preliminary and could change as the Company finalizes discontinued operations accounting to be recorded in the 2026 Annual Report on Form 10-K and Quarterly Report on Form 10-Q for the quarter ended September 30, 2026.

SUPPLEMENTAL QUARTERLY SEGMENT INFORMATION

Three Months Ended

March 31, 2026

March 31, 2025

June 30,

2025

September 30,

2025

December 31,

2025

Net sales

Building Automation

$

1,882

$

1,692

$

1,826

$

1,878

$

1,971

Process Automation and Technology

1,513

1,445

1,613

1,598

1,781

Industrial Automation

1,423

1,600

1,577

1,450

1,484

Total Segment sales

$

4,818

$

4,737

$

5,016

$

4,926

$

5,236

Quantinuum2

5

19

2

3

6

Total Net sales from continuing operations

$

4,823

$

4,756

$

5,018

$

4,929

$

5,242

Total Net sales from discontinued operations1

$

4,320

$

5,066

$

5,334

$

5,479

$

4,862

Segment profit

Building Automation

$

496

$

440

$

479

$

502

$

532

Process Automation and Technology

359

313

386

389

454

Industrial Automation

240

231

257

216

192

Corporate2,3

(151)

(191)

(218)

(241)

(234)

Total segment profit from continuing operations

$

944

$

793

$

904

$

866

$

944

Total segment profit from discontinued operations1

$

1,248

$

1,492

$

1,511

$

1,590

$

1,095

1

T1Effective June 29, 2026, Honeywell International Inc. rebranded as Honeywell Technologies and completed the spin-off of its Aerospace Technologies business into an independent publicly traded company, Honeywell Aerospace Inc. In connection with the spin-off, the Aerospace Technologies business is reported as discontinued operations in all periods presented. Additionally, discontinued operations includes the results of the Advanced Materials (“AM”) business, which was spun-off into an independent, publicly traded company, Solstice Advanced Materials, on October 30, 2025. The AM business was previously presented as discontinued operations effective the fourth quarter of 2025.

2

Effective the second quarter of 2026, Quantinuum Inc. (“Quantinuum”) no longer meets the definition of an operating segment, and sales and losses attributable to Quantinuum are excluded from Segment sales and Segment profit, respectively.

3

Corporate expenses historically allocated to the Aerospace Technologies and AM businesses and not eligible to be part of discontinued operations are included in Corporate.

Three Months Ended

March 31, 2024

June 30,

2024

September 30, 2024

December 31, 2024

Net sales

Building Automation

$

1,426

$

1,571

$

1,745

$

1,798

Process Automation and Technology

1,352

1,408

1,478

1,681

Industrial Automation

1,709

1,702

1,683

1,704

Total Segment sales

$

4,487

$

4,681

$

4,906

$

5,183

Quantinuum

7

5

7

5

Total Net sales from continuing operations

$

4,494

$

4,686

$

4,913

$

5,188

Total Net sales from discontinued operations1

$

4,611

$

4,891

$

4,815

$

4,900

Segment profit

Building Automation

$

350

$

397

$

452

$

482

Process Automation and Technology

289

346

381

448

Industrial Automation

286

271

287

273

Corporate2,3

(210)

(267)

(240)

(218)

Total segment profit from continuing operations

$

715

$

747

$

880

$

985

Total segment profit from discontinued operations1

$

1,410

$

1,488

$

1,452

$

1,164

1

Effective June 29, 2026, Honeywell International Inc. rebranded as Honeywell Technologies and completed the spin-off of its Aerospace Technologies business into an independent publicly traded company, Honeywell Aerospace Inc. In connection with the spin-off, the Aerospace Technologies business is reported as discontinued operations in all periods presented. Additionally, discontinued operations includes the results of the Advanced Materials (“AM”) business, which was spun-off into an independent, publicly traded company, Solstice Advanced Materials, on October 30, 2025. The AM business was previously presented as discontinued operations effective the fourth quarter of 2025.

2

Effective the second quarter of 2026, Quantinuum Inc. (“Quantinuum”) no longer meets the definition of an operating segment, and sales and losses attributable to Quantinuum are excluded from Segment sales and Segment profit, respectively.

3

Corporate expenses historically allocated to the Aerospace Technologies and AM businesses and not eligible to be part of discontinued operations are included in Corporate.

SUPPLEMENTAL ANNUAL SEGMENT INFORMATION

Years Ended December 31,

2025

2024

Net sales

Building Automation

$

7,367

$

6,540

Process Automation and Technology

6,437

5,919

Industrial Automation

6,111

6,798

Total Segment sales

$

19,915

$

19,257

Quantinuum

30

24

Total Net sales from continuing operations

$

19,945

$

19,281

Total Net sales from discontinued operations1

$

20,741

$

19,217

Segment profit

Building Automation

$

1,953

$

1,681

Process Automation and Technology

1,542

1,464

Industrial Automation

896

1,117

Corporate2,3

(884)

(935)

Total segment profit from continuing operations

$

3,507

$

3,327

Total segment profit from discontinued operations1

$

5,688

$

5,514

1

Effective June 29, 2026, Honeywell International Inc. rebranded as Honeywell Technologies and completed the spin-off of its Aerospace Technologies business into an independent publicly traded company, Honeywell Aerospace Inc. In connection with the spin-off, the Aerospace Technologies business is reported as discontinued operations in all periods presented. Additionally, discontinued operations includes the results of the Advanced Materials (“AM”) business, which was spun-off into an independent, publicly traded company, Solstice Advanced Materials, on October 30, 2025. The AM business was previously presented as discontinued operations effective the fourth quarter of 2025.

2

Effective the second quarter of 2026, Quantinuum Inc. (“Quantinuum”) no longer meets the definition of an operating segment, and sales and losses attributable to Quantinuum are excluded from Segment sales and Segment profit, respectively.

3

Corporate expenses historically allocated to the Aerospace Technologies and AM businesses and not eligible to be part of discontinued operations are included in Corporate.

Appendix

Non-GAAP Financial Measures

The following information provides definitions and reconciliations of certain non-GAAP financial measures presented in this supplemental schedule to which this reconciliation is attached to the most directly comparable financial measures calculated and presented in accordance with generally accepted accounting principles (“GAAP").

Management believes that, when considered together with reported amounts, these measures are useful to investors and management in understanding our ongoing operations and in the analysis of ongoing operating trends. These measures should be considered in addition to, and not as replacements for, the most comparable GAAP measure. Certain measures presented on a non-GAAP basis represent the impact of adjusting items net of tax. The tax effect for adjusting items is determined individually and on a case-by-case basis. Other companies may calculate these non-GAAP measures differently, limiting the usefulness of these measures for comparative purposes.

Management does not consider these non-GAAP measures in isolation or as an alternative to financial measures determined in accordance with GAAP. The principal limitations of these non-GAAP financial measures are that they exclude significant expenses and income that are required by GAAP to be recognized in the consolidated financial statements. In addition, they are subject to inherent limitations as they reflect the exercise of judgments by management about which expenses and income are excluded or included in determining these non-GAAP financial measures. Investors are urged to review the reconciliation of the non-GAAP financial measures to the comparable GAAP financial measures and not to rely on any single financial measure to evaluate Honeywell Technologies’ business.

Honeywell International Inc.

Reconciliation of Organic Sales % Change

(Unaudited)

Three Months Ended

March 31,

2026

March 31,

2025

June 30,

2025

September 30, 2025

December 31, 2025

Honeywell Technologies

Reported sales % change

1%

6%

7%

—%

1%

Less: Impact of divestitures to the prior period

(5)%

—%

(3)%

(5)%

(5)%

Reported sales percent change, adjusted for impact of divestitures

6%

6%

10%

5%

6%

Less: Foreign currency translation

2%

(2)%

—%

—%

1%

Less : Acquisitions

3%

6%

5%

4%

3%

Less: Other

—%

—%

—%

—%

—%

Organic sales % change

1%

2%

5%

1%

2%

Building Automation

Reported sales % change

11%

19%

16%

8%

10%

Less: Impact of divestitures to the prior period

—%

—%

—%

—%

—%

Reported sales percent change, adjusted for impact of divestitures

11%

19%

16%

8%

10%

Less: Foreign currency translation

3%

(2)%

—%

1%

2%

Less : Acquisitions

—%

13%

8%

—%

—%

Less: Other

—%

—%

—%

—%

—%

Organic sales % change

8%

8%

8%

7%

8%

Process Automation and Technology

Reported sales % change

5%

7%

15%

8%

6%

Less: Impact of divestitures to the prior period

—%

—%

—%

—%

—%

Reported sales percent change, adjusted for impact of divestitures

5%

7%

15%

8%

6%

Less: Foreign currency translation

—%

—%

—%

—%

—%

Less : Acquisitions

2%

(2)%

1%

—%

1%

Less: Other

9%

6%

8%

14%

8%

Organic sales % change

(6)%

3%

6%

(6)%

(3)%

Industrial Automation

Reported sales % change

(11)%

(6)%

(7)%

(14)%

(13)%

Less: Impact of divestitures to the prior period

(15)%

—%

(8)%

(16)%

(15)%

Reported sales percent change, adjusted for impact of divestitures

4%

(6)%

1%

2%

2%

Less: Foreign currency translation

3%

(1)%

1%

1%

1%

Less : Acquisitions

—%

—%

—%

—%

—%

Less: Other

—%

—%

—%

—%

—%

Organic sales % change

1%

(5)%

—%

1%

1%

Three Months Ended

March 31,

2024

June 30,

2024

September 30, 2024

December 31, 2024

Honeywell Technologies

Reported sales % change

(8)%

(4)%

2%

7%

Less: Impact of divestitures to the prior period

—%

—%

—%

—%

Reported sales percent change, adjusted for impact of divestitures

(8)%

(4)%

2%

7%

Less: Foreign currency translation

(1)%

(1)%

—%

(1)%

Less : Acquisitions

1%

2%

4%

5%

Less: Other

—%

—%

—%

—%

Organic sales % change

(8)%

(5)%

(2)%

3%

Building Automation

Reported sales % change

(4)%

4%

14%

19%

Less: Impact of divestitures to the prior period

—%

—%

—%

—%

Reported sales percent change, adjusted for impact of divestitures

(4)%

4%

14%

19%

Less: Foreign currency translation

(1)%

(1)%

—%

—%

Less : Acquisitions

—%

4%

11%

12%

Less: Other

—%

—%

—%

—%

Organic sales % change

(3)%

1%

3%

7%

Process Automation and Technology

Reported sales % change

4%

4%

1%

8%

Less: Impact of divestitures to the prior period

—%

—%

—%

—%

Reported sales percent change, adjusted for impact of divestitures

4%

4%

1%

8%

Less: Foreign currency translation

(1)%

(1)%

(1)%

—%

Less : Acquisitions

3%

3%

—%

4%

Less: Other

—%

—%

—%

—%

Organic sales % change

2%

2%

2%

4%

Industrial Automation

Reported sales % change

(18)%

(15)%

(9)%

(4)%

Less: Impact of divestitures to the prior period

—%

—%

—%

—%

Reported sales percent change, adjusted for impact of divestitures

(18)%

(15)%

(9)%

(4)%

Less: Foreign currency translation

—%

(1)%

—%

(1)%

Less : Acquisitions

—%

—%

—%

—%

Less: Other

—%

—%

—%

—%

Organic sales % change

(18)%

(14)%

(9)%

(3)%

Twelve Months Ended

December 31,

2025

2024

Honeywell Technologies

Reported sales % change

3%

(1)%

Less: Impact of divestitures to the prior period

(3)%

—%

Reported sales percent change, adjusted for impact of divestitures

6%

(1)%

Less: Foreign currency translation

—%

(1)%

Less : Acquisitions

4%

3%

Less: Other

—%

—%

Organic sales % change

2%

(3)%

Building Automation

Reported sales % change

13%

8%

Less: Impact of divestitures to the prior period

—%

—%

Reported sales percent change, adjusted for impact of divestitures

13%

8%

Less: Foreign currency translation

—%

(1)%

Less : Acquisitions

5%

7%

Less: Other

—%

—%

Organic sales % change

8%

2%

Process Automation and Technology

Reported sales % change

9%

4%

Less: Impact of divestitures to the prior period

—%

—%

Reported sales percent change, adjusted for impact of divestitures

9%

4%

Less: Foreign currency translation

—%

(1)%

Less : Acquisitions

9%

2%

Less: Other

—%

—%

Organic sales % change

—%

3%

Industrial Automation

Reported sales % change

(10)%

(12)%

Less: Impact of divestitures to the prior period

(10)%

—%

Reported sales percent change, adjusted for impact of divestitures

—%

(12)%

Less: Foreign currency translation

1%

(1)%

Less : Acquisitions

—%

—%

Less: Other

—%

—%

Organic sales % change

(1)%

(11)%

We define organic sales percentage as the year-over-year change in reported sales relative to the comparable period, adjusted for the impact of divestitures to the prior period, and excluding the impact on sales from foreign currency translation, acquisitions for the first 12 months following the transaction date, and certain other items that are unusual or non-recurring in nature. We believe this measure is useful to investors and management in understanding our ongoing operations and in analysis of ongoing operating trends.

Honeywell International Inc.

Reconciliation of Operating Income to Segment Profit

(Unaudited)

(Dollars in millions)

Three Months Ended March 31,

2026

2025

2024

Continuing Operations

Discontinued Operations1

Continuing Operations

Discontinued Operations1

Continuing Operations

Discontinued Operations1

Operating income

$

317

$

1,157

$

535

$

1,435

$

516

$

1,344

Stock compensation expense2

42

15

48

13

44

9

Repositioning, Other3,4

54

30

43

19

50

42

Pension and other postretirement service costs4

13

4

9

5

11

5

Amortization of acquisition-related intangibles5

129

24

116

20

60

10

Divestiture-related costs2

57

18

—

—

—

—

Acquisition-related costs5,6

—

—

—

—

3

—

ERP Implementation costs2

6

—

—

—

—

—

Impairment of assets held for sale

263

—

15

—

—

—

Loss on Quantinuum7

63

$

—

27

—

31

—

Segment profit

$

944

$

1,248

$

793

$

1,492

$

715

$

1,410

1

Effective June 29, 2026, Honeywell International Inc. rebranded as Honeywell Technologies and completed the spin-off of its Aerospace Technologies business into an independent publicly traded company, Honeywell Aerospace Inc. In connection with the spin-off, the Aerospace Technologies business is reported as discontinued operations in all periods presented. Additionally, discontinued operations includes the results of the Advanced Materials (“AM”) business, which was spun-off into an independent, publicly traded company, Solstice Advanced Materials, on October 30, 2025. The AM business was previously presented as discontinued operations effective the fourth quarter of 2025.

2

Included in Selling, general and administrative expenses.

3

Includes repositioning, asbestos, environmental expenses, equity income adjustment, and other charges.

4

Included in Cost of products and services sold, Research and development expenses, and Selling, general and administrative expenses.

5

Included in Cost of products and services sold.

6

Includes acquisition-related fair value adjustments to inventory.

7

Includes losses attributable to the Company’s investment in Quantinuum, which does not meet the definition of an operating segment. Included in Net sales, Cost of products and services sold, Research and development expenses, and Selling, general and administrative expenses.

Three Months Ended June 30,

2025

2024

Continuing Operations

Discontinued Operations1

Continuing Operations

Discontinued Operations1

Operating income

$

666

$

1,448

$

553

$

1,425

Stock compensation expense2

45

12

45

10

Repositioning, Other3,4

28

26

20

38

Pension and other postretirement service costs4

10

5

11

5

Amortization of acquisition-related intangibles5

113

20

75

10

Acquisition-related costs5,6

(7)

—

7

—

Loss on Quantinuum7

49

—

36

—

Segment profit

$

904

$

1,511

$

747

$

1,488

1

Effective June 29, 2026, Honeywell International Inc. rebranded as Honeywell Technologies and completed the spin-off of its Aerospace Technologies business into an independent publicly traded company, Honeywell Aerospace Inc. In connection with the spin-off, the Aerospace Technologies business is reported as discontinued operations in all periods presented. Additionally, discontinued operations includes the results of the Advanced Materials (“AM”) business, which was spun-off into an independent, publicly traded company, Solstice Advanced Materials, on October 30, 2025. The AM business was previously presented as discontinued operations effective the fourth quarter of 2025.

2

Included in Selling, general and administrative expenses.

3

Includes repositioning, asbestos, environmental expenses, equity income adjustment, and other charges.

4

Included in Cost of products and services sold, Research and development expenses, and Selling, general and administrative expenses.

5

Included in Cost of products and services sold.

6

Includes acquisition-related fair value adjustments to inventory and third-party transaction and integration costs.

7

Includes losses attributable to the Company’s investment in Quantinuum, which does not meet the definition of an operating segment. Included in Net sales, Cost of products and services sold, Research and development expenses, and Selling, general and administrative expenses.

Three Months Ended September 30,

2025

2024

Continuing Operations

Discontinued Operations1

Continuing Operations

Discontinued Operations1

Operating income

$

413

$

1,341

$

456

$

1,402

Stock compensation expense2

22

14

35

10

Repositioning, Other3,4

224

224

44

25

Pension and other postretirement service costs4

14

5

11

5

Amortization of acquisition-related intangibles5

135

6

110

10

Acquisition-related costs5,6

9

—

15

—

Indefinite-lived intangible asset impairment5

—

—

48

—

Impairment of assets held for sale

—

—

125

—

Loss on Quantinuum7

49

—

36

—

Segment profit

$

866

$

1,590

$

880

$

1,452

1

Effective June 29, 2026, Honeywell International Inc. rebranded as Honeywell Technologies and completed the spin-off of its Aerospace Technologies business into an independent publicly traded company, Honeywell Aerospace Inc. In connection with the spin-off, the Aerospace Technologies business is reported as discontinued operations in all periods presented. Additionally, discontinued operations includes the results of the Advanced Materials (“AM”) business, which was spun-off into an independent, publicly traded company, Solstice Advanced Materials, on October 30, 2025. The AM business was previously presented as discontinued operations effective the fourth quarter of 2025.

2

Included in Selling, general and administrative expenses.

3

Includes repositioning, asbestos, environmental expenses, equity income adjustment, and other charges.

4

Included in Cost of products and services sold, Research and development expenses, and Selling, general and administrative expenses.

5

Included in Cost of products and services sold.

6

Includes acquisition-related fair value adjustments to inventory and third-party transaction and integration costs.

7

Includes losses attributable to the Company’s investment in Quantinuum, which does not meet the definition of an operating segment. Included in Net sales, Cost of products and services sold, Research and development expenses, and Selling, general and administrative expenses.

Three Months Ended December 31,

2025

2024

Continuing Operations

Discontinued Operations1

Continuing Operations

Discontinued Operations1

Operating income

$

(443)

$

1,023

$

648

$

1,097

Stock compensation expense2

38

15

29

12

Repositioning, Other3,4

95

35

33

40

Pension and other postretirement service costs4

24

4

13

4

Amortization of acquisition-related intangibles5

145

18

129

11

Indefinite-lived intangible asset impairment5

44

—

—

—

Impairment of goodwill

724

—

—

—

Impairment of assets held for sale

255

—

94

—

Loss on Quantinuum7

62

—

39

—

Segment profit

$

944

$

1,095

$

985

$

1,164

1

Effective June 29, 2026, Honeywell International Inc. rebranded as Honeywell Technologies and completed the spin-off of its Aerospace Technologies business into an independent publicly traded company, Honeywell Aerospace Inc. In connection with the spin-off, the Aerospace Technologies business is reported as discontinued operations in all periods presented. Additionally, discontinued operations includes the results of the Advanced Materials (“AM”) business, which was spun-off into an independent, publicly traded company, Solstice Advanced Materials, on October 30, 2025. The AM business was previously presented as discontinued operations effective the fourth quarter of 2025.

2

Included in Selling, general and administrative expenses.

3

Includes repositioning, asbestos, environmental expenses, equity income adjustment, and other charges.

4

Included in Cost of products and services sold, Research and development expenses, and Selling, general and administrative expenses.

5

Included in Cost of products and services sold.

6

Includes acquisition-related fair value adjustments to inventory and third-party transaction and integration costs.

7

Includes losses attributable to the Company’s investment in Quantinuum, which does not meet the definition of an operating segment. Included in Net sales, Cost of products and services sold, Research and development expenses, and Selling, general and administrative expenses.

Years Ended December 31,

2025

2024

Continuing Operations

Discontinued Operations1

Continuing Operations

Discontinued Operations1

Operating income

$

1,171

$

5,247

$

2,173

$

5,268

Stock compensation expense2

153

54

153

41

Repositioning, Other3,4

390

304

147

145

Pension and other postretirement service costs4

57

19

46

19

Amortization of acquisition-related intangibles5

509

64

374

41

Acquisition-related costs5,6

2

—

25

—

Indefinite-lived intangible asset impairment5

44

—

48

—

Impairment of goodwill

724

—

—

—

Impairment of assets held for sale

270

—

219

—

Loss on Quantinuum7

187

—

142

—

Segment profit

$

3,507

$

5,688

$

3,327

$

5,514

1

Effective June 29, 2026, Honeywell International Inc. rebranded as Honeywell Technologies and completed the spin-off of its Aerospace Technologies business into an independent publicly traded company, Honeywell Aerospace Inc. In connection with the spin-off, the Aerospace Technologies business is reported as discontinued operations in all periods presented. Additionally, discontinued operations includes the results of the Advanced Materials (“AM”) business, which was spun-off into an independent, publicly traded company, Solstice Advanced Materials, on October 30, 2025. The AM business was previously presented as discontinued operations effective the fourth quarter of 2025.

2

Included in Selling, general and administrative expenses.

3

Includes repositioning, asbestos, environmental expenses, equity income adjustment, and other charges.

4

Included in Cost of products and services sold, Research and development expenses, and Selling, general and administrative expenses.

5

Included in Cost of products and services sold.

6

Includes acquisition-related fair value adjustments to inventory and third-party transaction and integration costs.

7

Includes losses attributable to the Company’s investment in Quantinuum, which does not meet the definition of an operating segment. Included in Net sales, Cost of products and services sold, Research and development expenses, and Selling, general and administrative expenses.

We define operating income as net sales less total cost of products and services sold, research and development expenses, selling, general and administrative expenses, impairment of goodwill, and impairment of assets held for sale. We define segment profit, on an overall Honeywell Technologies basis, as operating income, excluding stock compensation expense, pension and other postretirement service costs, amortization of acquisition-related intangibles, certain acquisition- and divestiture-related costs and impairments, repositioning and other charges, and the results of Quantinuum. We believe this measure is useful to investors and management in understanding our ongoing operations and in analysis of ongoing operating trends.

Honeywell International Inc.

Reconciliation of Earnings per Share to Adjusted Earnings per Share

(Unaudited)

Three Months Ended March 31, 2026

Continuing Operations

Discontinued Operations(1)

Earnings per share of common stock - diluted2

$

0.09

$

1.20

Pension income3

(0.10)

(0.09)

Amortization of acquisition-related intangibles4

0.16

0.03

Divestiture-related costs5

0.05

0.26

Debt restructuring costs6

0.35

—

Impairment of assets held for sale7

0.31

—

Gain on sale of business8

(0.01)

—

ERP Implementation costs9

0.01

—

Loss on Quantinuum10

0.03

—

Adjusted earnings per share of common stock - diluted

$

0.89

$

1.40

1

Effective June 29, 2026, Honeywell International Inc. rebranded as Honeywell Technologies and completed the spin-off of its Aerospace Technologies business into an independent publicly traded company, Honeywell Aerospace Inc. In connection with the spin-off, the Aerospace Technologies business is reported as discontinued operations in all periods presented. Additionally, discontinued operations includes the results of the Advanced Materials (“AM”) business, which was spun-off into an independent, publicly traded company, Solstice Advanced Materials, on October 30, 2025. The AM business was previously presented as discontinued operations effective the fourth quarter of 2025.

2

For the three months ended March 31, 2026, adjusted earnings per share utilizes weighted average shares of approximately 638.4 million.

3

For the three months ended March 31, 2026, continuing operations pension income was $65 million, net of tax expense of $20 million. For the three months ended March 31, 2026, discontinued operations pension income was $60 million, net of tax expense of $19 million.

4

For the three months ended March 31, 2026, continuing operations acquisition-related intangibles amortization was $99 million, net of tax benefit of $30 million. For the three months ended March 31, 2026, discontinued operations acquisition-related intangibles amortization was $18 million, net of tax benefit of $6 million.

5

For the three months ended March 31, 2026, the continuing operations adjustment for T2divestiture-related costs, which is principally comprised of third-party transaction costs, was $29 million as reported, net of tax benefit of approximately $124 million. For the three months ended March 31, 2026, discontinued operations divestiture-related costs was $175 million, net of tax benefit of approximately $25 million.

6

For the three months ended March 31, 2026, the adjustment for debt restructuring costs was $226 million, net of tax benefit of $70 million.

7

For the three months ended March 31, 2026, the impairment charge of assets held for sale was $200 million, net of tax benefit of $63 million.

8

For the three months ended March 31, 2026, the adjustment for gain on sale of the personal protective equipment business was $6 million, without tax benefit.

9

For the three months ended March 31, 2026, the adjustment for ERP implementation costs was $5 million, net of tax benefit of $1 million.

10

Includes losses attributable to the Company’s investment in Quantinuum, which does not meet the definition of an operating segment. For the three months ended March 31, 2026, the adjustment for Quantinuum was $17 million, net of tax benefit of $8 million.

Three Months Ended March 31,

2025

2024

Continuing Operations

Discontinued Operations1

Continuing Operations

Discontinued Operations1

Earnings per share of common stock - diluted2

$

0.40

$

1.82

$

0.50

$

1.73

Pension income3

(0.07)

(0.09)

(0.09)

(0.08)

Amortization of acquisition-related intangibles4

0.14

0.02

0.07

0.01

Acquisition-related costs5

0.01

—

0.07

(0.06)

Divestiture-related costs6

0.08

—

—

—

Russia-related costs7

—

—

0.02

—

Impairment of assets held for sale8

0.02

—

—

—

Loss on Quantinuum9

0.01

—

0.01

—

Adjusted earnings per share of common stock - diluted

$

0.59

$

1.75

$

0.58

$

1.60

1

Effective June 29, 2026, Honeywell International Inc. rebranded as Honeywell Technologies and completed the spin-off of its Aerospace Technologies business into an independent publicly traded company, Honeywell Aerospace Inc. In connection with the spin-off, the Aerospace Technologies business is reported as discontinued operations in all periods presented. Additionally, discontinued operations includes the results of the Advanced Materials (“AM”) business, which was spun-off into an independent, publicly traded company, Solstice Advanced Materials, on October 30, 2025. The AM business was previously presented as discontinued operations effective the fourth quarter of 2025.

2

For the three months ended March 31, 2025, and 2024, adjusted earnings per share utilizes weighted average shares of approximately 651.7 million and 656.6 million.

3

For the three months ended March 31, 2025, and 2024, continuing operations pension income was $49 million and $57 million, net of tax expense of $16 million and $17 million, respectively. For the three months ended March 31, 2025, and 2024, discontinued operations pension income was $58 million and $53 million, net of tax expense of $17 million and $18 million, respectively.

4

For the three months ended March 31, 2025, and 2024, continuing operations acquisition-related intangibles amortization was $88 million and $50 million, net of tax benefit of $28 million and $10 million, respectively. For the three months ended March 31, 2025, and 2024, discontinued operations acquisition-related intangibles amortization was $15 million and $5 million, net of tax benefit of $5 million and $5 million, respectively.

5

For the three months ended March 31, 2025, the continuing operations adjustment for acquisition-related costs, which is principally comprised of third-party transaction and integration costs, is $6 million, net of tax benefit of $2 million. For the three months ended March 31, 2024, the continuing operations adjustment for acquisition-related costs, which is principally comprised of third-party transaction and integration costs, is $43 million, net of tax expense of $38 million. For the three months ended March 31, 2024, the discontinued operations adjustment for acquisition-related costs, which is principally comprised of third-party transaction and integration costs, is $39 million, net of tax benefit of $39 million.

6

For the three months ended March 31, 2025, the continuing operations adjustment for divestiture-related costs, which is principally comprised of third-party transaction costs, was $54 million, net of tax expense of approximately $45 million.

7

For the three months ended March 31, 2024, the adjustment is a $17 million expense, without tax benefit, due to the settlement of a contractual dispute with a Russian entity associated with the Company’s suspension and wind down activities in Russia.

8

For the three months ended March 31, 2025, the impairment charge of assets held for sale was $15 million, without tax benefit.

9

Includes losses attributable to the Company’s investment in Quantinuum, which does not meet the definition of an operating segment. For the three months ended March 31, 2025 and 2024, the adjustment for Quantinuum was $8 million and $8 million, net of tax benefit of $4 million and $4 million, respectively.

Three Months Ended June 30,

2025

2024

Continuing Operations

Discontinued Operations1

Continuing Operations

Discontinued Operations1

Earnings per share of common stock - diluted2

$

0.60

$

1.85

$

0.54

$

1.82

Pension income3

(0.01)

(0.09)

(0.08)

(0.08)

Amortization of acquisition-related intangibles4

0.13

0.03

0.09

0.01

Acquisition-related costs5

—

—

0.09

(0.06)

Divestiture-related costs6

0.09

0.01

—

—

Loss (gain) on sale of business7

0.04

—

—

—

Loss on Quantinuum8

0.03

—

0.02

—

Adjusted earnings per share of common stock - diluted

$

0.88

$

1.80

$

0.66

$

1.69

1

Effective June 29, 2026, Honeywell International Inc. rebranded as Honeywell Technologies and completed the spin-off of its Aerospace Technologies business into an independent publicly traded company, Honeywell Aerospace Inc. In connection with the spin-off, the Aerospace Technologies business is reported as discontinued operations in all periods presented. Additionally, discontinued operations includes the results of the Advanced Materials (“AM”) business, which was spun-off into an independent, publicly traded company, Solstice Advanced Materials, on October 30, 2025. The AM business was previously presented as discontinued operations effective the fourth quarter of 2025.

2

For the three months ended June 30, 2025, and 2024, adjusted earnings per share utilizes weighted average shares of approximately 640.9 million and 654.2 million.

3

For the three months ended June 30, 2025, and 2024, continuing operations pension income was $7 million and $52 million, net of tax expense of $3 million and $15 million, respectively. For the three months ended June 30, 2025, and 2024, discontinued operations pension income was $58 million and $55 million, net of tax expense of $17 million and $18 million, respectively.

4

For the three months ended June 30, 2025, and 2024, continuing operations acquisition-related intangibles amortization was $86 million and $58 million, net of tax benefit of $27 million and $17 million, respectively. For the three months ended June 30, 2025, and 2024, discontinued operations acquisition-related intangibles amortization was $15 million and $8 million, net of tax benefit of $5 million and $2 million, respectively.

5

For the three months ended June 30, 2024, the continuing operations adjustment for acquisition-related costs, which is principally comprised of third-party transaction and integration costs and acquisition-related fair value adjustments to inventory, is $62 million, net of tax expense of $34 million. For the three months ended June 30, 2024, the discontinued operations adjustment for acquisition-related costs, which is principally comprised of third-party transaction and integration costs and acquisition-related fair value adjustments to inventory, is $40 million, net of tax benefit of $41 million.

6

For the three months ended June 30, 2025, the continuing operations adjustment for divestiture-related costs, which is principally comprised of third-party transaction costs, was $54 million, net of tax expense of approximately $14 million. For the three months ended June 30, 2025, discontinued operations divestiture-related costs was $8 million, net of tax benefit of approximately $33 million.

7

For the three months ended June 30, 2025, the adjustment for loss on sale of the personal protective equipment business was $28 million, net of tax benefit of $2 million.

8

Includes losses attributable to the Company’s investment in Quantinuum, which does not meet the definition of an operating segment. For the three months ended June 30, 2025 and 2024, the adjustment for Quantinuum was $16 million and $11 million, net of tax benefit of $7 million and $5 million, respectively.

Three Months Ended September 30,

2025

2024

Continuing Operations

Discontinued Operations1

Continuing Operations

Discontinued Operations1

Earnings per share of common stock - diluted2

$

1.50

$

1.36

$

0.37

$

1.79

Pension income3

(0.09)

(0.09)

(0.09)

(0.08)

Amortization of acquisition-related intangibles4

0.16

0.01

0.13

0.01

Acquisition-related costs5

0.03

—

0.07

(0.04)

Divestiture-related costs6

0.28

0.32

—

—

Indefinite-lived intangible asset impairment7

—

—

0.06

—

Impairment of assets held for sale8

—

—

0.19

—

Gain related to Resideo indemnification and reimbursement agreement termination9

(1.26)

—

—

—

Adjustment to estimated future environmental liabilities10

0.03

0.22

—

—

Loss on settlement of divestiture of asbestos liabilities11

0.17

—

—

—

Loss on Quantinuum12

0.02

—

0.02

—

Adjusted earnings per share of common stock - diluted

$

0.84

$

1.82

$

0.75

$

1.68

1

Effective June 29, 2026, Honeywell International Inc. rebranded as Honeywell Technologies and completed the spin-off of its Aerospace Technologies business into an independent publicly traded company, Honeywell Aerospace Inc. In connection with the spin-off, the Aerospace Technologies business is reported as discontinued operations in all periods presented. Additionally, discontinued operations includes the results of the Advanced Materials (“AM”) business, which was spun-off into an independent, publicly traded company, Solstice Advanced Materials, on October 30, 2025. The AM business was previously presented as discontinued operations effective the fourth quarter of 2025.

2

For the three months ended September 30, 2025, and 2024, adjusted earnings per share utilizes weighted average shares of approximately 638.8 million and 654.1 million.

3

For the three months ended September 30, 2025, and 2024, continuing operations pension income was $57 million and $58 million, net of tax expense of $18 million and $19 million, respectively. For the three months ended September 30, 2025, and 2024, discontinued operations pension income was $57 million and $52 million, net of tax expense of $17 million and $16 million, respectively.

4

For the three months ended September 30, 2025, and 2024, continuing operations acquisition-related intangibles amortization was $102 million and $87 million, net of tax benefit of $33 million and $23 million, respectively. For the three months ended September 30, 2025, and 2024, discontinued operations acquisition-related intangibles amortization was $5 million and $8 million, net of tax benefit of $1 million and $2 million, respectively.

5

For the three months ended September 30, 2025, and 2024, the continuing operations adjustment for acquisition-related costs, which is principally comprised of third-party transaction and integration costs and acquisition-related fair value adjustments to inventory, is $17 million and $47 million, net of tax benefit of $5 million, and net of tax expense of $23 million. For the three months ended September 30, 2024, the discontinued operations adjustment for acquisition-related costs, which is principally comprised of third-party transaction and integration costs and acquisition-related fair value adjustments to inventory, is $27 million, net of tax benefit of $28 million.

6

For the three months ended September 30, 2025, the continuing operations adjustment for divestiture-related costs, which is principally comprised of third-party transaction costs, was $180 million, net of tax expense of approximately $122 million. For the three months ended September 30, 2025, discontinued operations divestiture-related costs was $202 million, net of tax benefit of approximately $7 million.

7

For the three months ended September 30 2024, the impairment charge of indefinite-lived intangible assets associated with the personal protective equipment business was $37 million, net of tax benefit of $11 million.

8

For the three months ended September 30, 2024, the impairment charge of assets held for sale was $125 million, without tax benefit.

9

For the three months ended September 30, 2025, the gain related to the Resideo indemnification and reimbursement agreement termination was $802 million, without tax expense.

10

In the three months ended September 30, 2025, the Company enhanced its process for estimating environmental liabilities at sites undergoing active remediation, which led to earlier recognition of the estimated probable liabilities and an increase to estimated environmental liabilities. For the three months ended September 30, 2025, the continuing operations adjustment to increase environmental liabilities was $22 million, net of tax benefit of $7 million. For the twelve months ended December 31, 2025, the discontinued operations adjustment to increase environmental liabilities was $139 million, net of tax benefit $43 million.

11

For the three months ended September 30, 2025, the adjustment for loss on settlement of divestiture of asbestos liabilities was $112 million, net of tax benefit of $36 million.

12

Includes losses attributable to the Company’s investment in Quantinuum, which does not meet the definition of an operating segment. For the three months ended September 30, 2025 and 2024, the adjustment for Quantinuum was $16 million and $10 million, net of tax benefit of $6 million and $5 million, respectively.

Three Months Ended December 31,

2025

2024

Continuing Operations

Discontinued Operations1

Continuing Operations

Discontinued Operations1

Earnings per share of common stock - diluted2

$

(0.88)

$

0.70

$

0.58

$

1.38

Pension expense (income)3

0.11

(0.12)

0.04

(0.08)

Amortization of acquisition-related intangibles4

0.17

0.02

0.15

0.01

Acquisition-related costs5

0.02

—

0.09

(0.07)

Divestiture-related costs6

(0.04)

0.53

—

0.04

Indefinite-lived intangible asset impairment7

0.07

—

—

—

Impairment of goodwill8

1.13

—

—

—

Impairment of assets held for sale9

0.31

—

0.14

—

Flexjet-related litigation matters10

—

0.47

—

—

Loss on Quantinuum11

0.03

—

0.02

—

Adjusted earnings per share of common stock - diluted

$

0.92

$

1.60

$

1.02

$

1.28

1

Effective June 29, 2026, Honeywell International Inc. rebranded as Honeywell Technologies and completed the spin-off of its Aerospace Technologies business into an independent publicly traded company, Honeywell Aerospace Inc. In connection with the spin-off, the Aerospace Technologies business is reported as discontinued operations in all periods presented. Additionally, discontinued operations includes the results of the Advanced Materials (“AM”) business, which was spun-off into an independent, publicly traded company, Solstice Advanced Materials, on October 30, 2025. The AM business was previously presented as discontinued operations effective the fourth quarter of 2025.

2

For the three months ended December 31, 2025, and 2024, adjusted earnings per share utilizes weighted average shares of approximately 638.6 million and 654.8 million.

3

For the three months ended December 31, 2025, and 2024, continuing operations pension expense was $73 million and $26 million, net of tax benefit of $12 million and $7 million, respectively. For the three months ended December 31, 2025, and 2024, discontinued operations pension income was $79 million and $55 million, net of tax expense of $13 million and $14 million, respectively.

4

For the three months ended December 31, 2025, and 2024, continuing operations acquisition-related intangibles amortization was $110 million and $97 million, net of tax benefit of $35 million and $32 million, respectively. For the three months ended December 31, 2025, and 2024, discontinued operations acquisition-related intangibles amortization was $14 million, net of tax benefit of $4 million, and $11 million, without tax benefit, respectively.

5

For the three months ended December 31, 2025, the continuing operations adjustment for acquisition-related costs, which is principally comprised of third-party transaction and integration costs and acquisition-related fair value adjustments to inventory, is $13 million, net of tax benefit of $4 million. For the three months ended December 31, 2024, the continuing operations adjustment for acquisition-related costs, which is principally comprised of third-party transaction and integration costs and acquisition-related fair value adjustments to inventory, is $61 million, net of tax expense of $47 million. For the three months ended December 31, 2024, the discontinued operations adjustment for acquisition-related costs, which is principally comprised of third-party transaction and integration costs and acquisition-related fair value adjustments to inventory, is $48 million, net of tax benefit of $50 million.

6

For the three months ended December 31, 2025, the continuing operations adjustment for divestiture-related costs, which is principally comprised of third-party transaction costs, was $27 million, net of tax benefit of approximately $150 million. For the three months ended December 31, 2025, discontinued operations divestiture-related costs was $341 million, net of tax expense of approximately $138 million.

7

For the three months ended December 31, 2025, the impairment charge of assets held for sale was $44 million, without tax benefit.

8

For the three months ended December 31, 2025, the impairment charge of goodwill associated with the Industrial Automation reportable segment was $724 million, without tax benefit.

9

For the three months ended December 31, 2025, the impairment charge of assets held for sale was $194 million, net of tax benefit of $61 million. For the three months ended December 31, 2024, the impairment charge of assets held for sale was $94 million, without tax benefit.

10

For the three months ended December 31, 2025, the adjustment for the Flexjet-related litigation matters was $302 million, net of tax benefit of $71 million. Management considers the nature and significance of these litigation matters to be unusual and not indicative of the Company's ongoing performance.

11

Includes losses attributable to the Company’s investment in Quantinuum, which does not meet the definition of an operating segment. For the three months ended December 31, 2025 and 2024, the adjustment for Quantinuum was $18 million and $12 million, net of tax expense of $8 million and $6 million, respectively.

Years Ended December 31,

2025

2024

Continuing Operations

Discontinued Operations1

Continuing Operations

Discontinued Operations1

Earnings per share of common stock - diluted2

$

1.62

$

5.74

$

1.99

$

6.72

Pension income3

(0.06)

(0.39)

(0.22)

(0.33)

Amortization of acquisition-related intangibles4

0.60

0.08

0.45

0.04

Acquisition-related costs5

0.05

—

0.32

(0.23)

Divestiture-related costs6

0.41

0.85

—

0.04

Russia related-charges7

—

—

0.03

—

Indefinite-lived intangible asset impairment8

0.07

—

0.06

—

Impairment of Goodwill9

1.13

—

—

—

Impairment of assets held for sale10

0.33

—

0.33

—

Loss on sale of business11

0.04

—

—

—

Gain related to Resideo indemnification and reimbursement agreement termination12

(1.25)

—

—

—

Adjustment to estimated future environmental liabilities13

0.03

0.22

—

—

Loss on expected settlement of divestiture of asbestos liabilities14

0.17

—

—

—

Flexjet-related litigation matters15

—

0.47

—

—

Loss on Quantinuum16

0.09

—

0.06

—

Adjusted earnings per share of common stock - diluted

$

3.23

$

6.97

$

3.02

$

6.24

1

Effective June 29, 2026, Honeywell International Inc. rebranded as Honeywell Technologies and completed the spin-off of its Aerospace Technologies business into an independent publicly traded company, Honeywell Aerospace Inc. In connection with the spin-off, the Aerospace Technologies business is reported as discontinued operations in all periods presented. Additionally, discontinued operations includes the results of the Advanced Materials (“AM”) business, which was spun-off into an independent, publicly traded company, Solstice Advanced Materials, on October 30, 2025. The AM business was previously presented as discontinued operations effective the fourth quarter of 2025.

2

For the twelve months ended December 31, 2025, and 2024, adjusted earnings per share utilizes weighted average shares of approximately 642.8 million and 655.3 million.

3

For the twelve months ended December 31, 2025, and 2024, continuing operations pension income was $40 million and $141 million, net of tax expense of $25 million and $44 million, respectively. For the twelve months ended December 31, 2025, and 2024, discontinued operations pension income was $252 million and $215 million, net of tax expense of $64 million and $66 million, respectively.

4

For the twelve months ended December 31, 2025, and 2024, continuing operations acquisition-related intangibles amortization was $386 million and $292 million, net of tax benefit of $123 million and $82 million, respectively. For the twelve months ended December 31, 2025, and 2024, discontinued operations acquisition-related intangibles amortization was $49 million and $32 million, net of tax benefit of $15 million and $9 million, respectively.

5

For the twelve months ended December 31, 2025, the continuing operations adjustment for acquisition-related costs, which is principally comprised of third-party transaction and integration costs and acquisition-related fair value adjustments to inventory, is $35 million, net of tax benefit of $10 million. For the twelve months ended December 31, 2024, the continued operations adjustment for acquisition-related costs is $213 million, net of tax expense of $142 million. For the twelve months ended December 31, 2024, the discontinued operations adjustment for acquisition-related costs is $154 million, net of tax benefit of $158 million.

6

For the twelve months ended December 31, 2025, the continuing operations adjustment for divestiture-related costs, which is principally comprised of third-party transaction costs, was $262 million, net of tax benefit of approximately $31 million. For the twelve months ended December 31, 2025, discontinued operations divestiture-related costs was $548 million, net of tax expense of approximately $56 million.

7

For the twelve months ended December 31, 2024, the adjustment is a $17 million expense, without tax benefit, due to the settlement of a contractual dispute with a Russian entity associated with the Company’s suspension and wind down activities in Russia.

8

For the twelve months ended December 31, 2025, the impairment charge of indefinite-lived intangible assets associated with the Industrial Automation reportable segment was $44 million, without tax benefit. For the twelve months ended December 31, 2024, the impairment charge of indefinite-lived intangible assets associated with the personal protective equipment business was $37 million, net of tax benefit of $11 million.

9

For the twelve months ended December 31, 2025, the impairment charge of goodwill associated with the Industrial Automation reportable segment was $724 million, without tax benefit.

10

For the twelve months ended December 31, 2025, the impairment charge of assets held for sale was $209 million, net of tax benefit of $61 million.For the twelve months ended December 31, 2024, the impairment charge of assets held for sale was $219 million, without tax benefit.

11

For the twelve months ended December 31, 2025, the adjustment for loss on sale of the personal protective equipment business was $28 million, net of tax benefit of $2 million.

12

For the twelve months ended December 31, 2025, the gain related to the Resideo indemnification and reimbursement agreement termination was $802 million, without tax expense.

13

In the twelve months ended December 31, 2025, the Company enhanced its process for estimating environmental liabilities at sites undergoing active remediation, which led to earlier recognition of the estimated probable liabilities and an increase to estimated environmental liabilities. For the twelve months ended December 31, 2025, the continuing operations adjustment to increase environmental liabilities was $22 million, net of tax benefit of $7 million. For the twelve months ended December 31, 2025, the discontinued operations adjustment to increase environmental liabilities was $139 million, net of tax benefit $43 million.

14

For the twelve months ended December 31, 2025, the adjustment for loss on settlement of divestiture of asbestos liabilities was $112 million, net of tax benefit of $36 million.

15

For the twelve months ended December 31, 2025, the adjustment for the Flexjet-related litigation matters was $302 million, net of tax benefit of $71 million. Management considers the nature and significance of these litigation matters to be unusual and not indicative of the Company's ongoing performance.

16

Includes losses attributable to the Company’s investment in Quantinuum, which does not meet the definition of an operating segment. For the twelve months ended December 31, 2025 and 2024, the adjustment for Quantinuum was $58 million and $41 million, net of tax benefit of $25 million and $20 million, respectively.

T3We define adjusted earnings per share as diluted earnings per share adjusted to exclude various charges as listed above. We believe adjusted earnings per share is a measure that is useful to investors and management in understanding our ongoing operations and in analysis of ongoing operating trends.

Acquisition amortization and acquisition- and divestiture-related costs are significantly impacted by the timing, size, and number of acquisitions or divestitures we complete and are not on a predictable cycle and we make no comment as to when or whether any future acquisitions or divestitures may occur. We believe excluding these costs provides investors with a more meaningful comparison of operating performance over time and with both acquisitive and other peer companies.

Mentions · how they’re counted

CategoryUnderlinedWord counterModel’s count
AI

AI, artificial intelligence, generative AI, machine learning, large language model, LLM

000
Layoffs

layoffs, RIF, headcount reduction, workforce optimization, restructuring

2—0
Recession

recession, downturn, contraction, slowdown

000
Tariffs

tariff, trade war, trade barriers, trade restrictions, trade policy

000
Buybacks

share repurchase, buyback program

0—0

Underlines use the same word lists the scores use. AI, recession and tariffs follow Palanor’s word counter, so those counts match it exactly on the same text. Layoffs and buybacks use the terms the model was given. The model’s count is an estimate by meaning, not by string, so it can differ from the underlines.

Not placed in the text

These quotes are stored with a score, but no passage here matches them closely enough to highlight. Rather than point at the wrong passage, they are listed as stored.

Theme · Asset impairments

“Impairment of assets held for sale was $200 million, net of tax benefit of $63 million.”

Theme · Organic sales growth

“Organic sales % change was 1% for the quarter ended March 31, 2026.”

Theme · Quantinuum reclassification

“Effective the second quarter of 2026, Quantinuum Inc. no longer meets the definition of an operating segment.”

Source: SEC EDGAR · public domain · Highlights by Palanor