Financial Data and Key Metrics Changes - Honeywell reported a strong fourth quarter for 2025, with adjusted sales and adjusted EPS exceeding expectations, and orders increased by 23%, resulting in a backlog of over $37 billion [5][15] - For the full year 2025, sales increased by 7% organically, or 6% excluding the impact of the Bombardier agreement, with adjusted earnings per share rising to $9.78, up 12% year-over-year [21][30] - Free cash flow for 2025 was $5.1 billion, up 20%, representing a 14% margin [21][32] Business Line Data and Key Metrics Changes - Aerospace sales grew 11% organically, driven by strong demand in both commercial aftermarket and defense and space [15][22] - Building automation experienced 8% organic growth, with solutions growing by 9% and products by 8% [16] - Industrial automation saw a 1% increase in organic sales, while process solutions remained flat due to lower volumes in measurement and controls products [16][17] - Energy and sustainability solutions declined by 7%, attributed to lower petrochemical catalyst shipments [17] Market Data and Key Metrics Changes - North America and the Middle East led regional performance, with Europe also showing strong mid-single-digit growth [16] - Orders grew 23% organically, with significant contributions from long-cycle aerospace and energy projects [17] Company Strategy and Development Direction - Honeywell is focused on portfolio simplification, with the aerospace spin expected to be completed in Q3 2026, following the successful spin-off of Solstice Advanced Materials [6][9] - The company is investing in R&D to drive innovation, with a goal of achieving 6%-9% earnings growth in 2026 [6][21] - Honeywell plans to reorganize into four segments: Aerospace Technologies, Building Automation, Process Automation and Technology, and Industrial Automation, to enhance strategic focus and agility [9][30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in strong organic growth driven by record backlog conversion, disciplined pricing, and new product introductions [5][6] - The company anticipates continued strength in aerospace and building automation markets, with a gradual recovery expected in process automation [22][24] - Management acknowledged challenges in the petrochemical sector but remains optimistic about long-term demand in LNG and refining [61] Other Important Information - Honeywell's investment in Quantinuum is expected to be a modest headwind to margins in 2026, with significant R&D investments aimed at maintaining leadership in quantum computing [29][56] - The company has made key leadership appointments in preparation for the aerospace spin-off, enhancing operational experience [8][9] Q&A Session Summary Question: Margin progression for the total company - Management indicated that operational margins are expected to expand by 50-90 basis points, with a headwind from Quantinuum in the first quarter [42][43] Question: Aerospace margins and contract renewals - Aerospace margins are expected to improve as contract negotiations progress, with a positive long-term impact anticipated [48][50] Question: Quantinuum IPO and investment spending - Management confirmed a $100 million year-over-year increase in investment spending for Quantinuum, with ongoing efforts to prepare for a potential IPO [54][56] Question: Strength in process orders - Management noted increased capital spending in LNG and refining as a driver for order growth, while cautioning about ongoing pressure in the petrochemical sector [60][61] Question: Pricing strategy and inflation impacts - Management discussed a more mature pricing strategy in response to persistent inflation, with expected price increases of 3%-4% in 2026 [66][70]

Financial Data and Key Metrics Changes - Honeywell reported a strong fourth quarter for 2025, with adjusted sales and adjusted EPS exceeding expectations, and orders increased by 23%, resulting in a backlog of over $37 billion [5][20] - For the full year 2025, sales increased by 7% organically, or 6% excluding the Bombardier agreement, with adjusted earnings per share of $9.78, up 12% year-over-year [21][30] - Free cash flow for 2025 was $5.1 billion, up 20%, representing a 14% margin [21][32] Business Line Data and Key Metrics Changes - Aerospace sales grew 11% organically, driven by strong demand in both commercial aftermarket and defense and space [15][22] - Building automation experienced 8% organic growth, with solutions growing by 9% and products by 8% [16] - Industrial automation saw a 1% increase in organic sales, while process solutions remained flat due to lower volumes in measurement and controls products [16][17] - Energy and sustainability solutions declined by 7% due to lower petrochemical catalyst shipments [17] Market Data and Key Metrics Changes - North America and the Middle East led regional performance, with Europe showing strong mid-single-digit growth [16] - Orders momentum in UOP continued, with over 40% growth in refining and petrochemicals projects, supporting confidence in a gradual recovery in 2026 [17] Company Strategy and Development Direction - Honeywell is progressing with its portfolio simplification, expecting to complete the aerospace spin in Q3 2026, which will create three independent public companies [6][9] - The company is focusing on innovation and R&D investments, with a goal of driving organic growth through new product introductions [5][13] - Honeywell plans to reorganize into four segments: Aerospace Technologies, Building Automation, Process Automation and Technology, and Industrial Automation, to enhance operational efficiency [9][24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving 6%-9% earnings growth in 2026, driven by strong organic growth and productivity improvements [6][21] - The company anticipates continued strength in orders growth, price execution, and a record backlog as key drivers for 2026 [36] - Management acknowledged challenges in the petrochemical sector but remains optimistic about long-cycle order strength in LNG and refining [61] Other Important Information - Honeywell's investment in Quantinuum is expected to be a modest headwind to margins in 2026, with significant R&D investments to maintain leadership in quantum computing [29][56] - The company has made key appointments to the aerospace leadership team to ensure operational excellence post-spin [8][9] Q&A Session Summary Question: Margin progression for the total company - Management expects operational margins to expand 50-90 basis points, with a headwind from Quantinuum in the first quarter [42][44] Question: Aerospace margins and contract negotiations - Aerospace margins are expected to improve as contract negotiations progress, with a positive long-term impact on margin expansion [48][50] Question: Quantinuum IPO and investment spending - Management confirmed a $100 million year-over-year increase in investment spending for Quantinuum, with ongoing maturation and commercial efforts [54][55] Question: Strength in process orders - Management noted increased capital spending in LNG and refining, contributing to strong order growth, while acknowledging pressure on catalyst demand in petrochemicals [60][61] Question: Pricing strategy and inflation impacts - Management indicated that pricing strategy has evolved to address persistent inflation, with an expected average price increase of 3-4% in 2026 [66][82]

Financial Data and Key Metrics Changes - Honeywell reported a strong fourth quarter, with adjusted sales and adjusted EPS exceeding expectations, and orders increased by 23%, resulting in a backlog of over $37 billion [4][15] - For the full year 2025, sales increased by 7% organically, or 6% excluding the Bombardier agreement, with adjusted earnings per share rising to $9.78, up 12% year-over-year [20][29] - Free cash flow for the fourth quarter was $2.5 billion, up 48%, and for the full year, it reached $5.1 billion, up 20% [19][20] Business Line Data and Key Metrics Changes - Aerospace sales grew 11% organically, driven by strong demand in both commercial aftermarket and defense and space [15][17] - Building automation experienced 8% organic growth, with solutions growing by 9% and products by 8% [15] - Industrial automation saw a 1% increase in organic sales, while process solutions remained flat due to lower volumes in measurement and controls products [16][17] Market Data and Key Metrics Changes - North America and the Middle East led regional performance, with Europe showing strong mid-single-digit growth [16] - Orders in the UOP segment grew over 40% in refining and petrochemicals projects, indicating a gradual recovery expected in 2026 [17][26] Company Strategy and Development Direction - Honeywell is focused on portfolio simplification, with the aerospace spin expected to be completed in Q3 2026, creating three independent public companies [5][9] - The company is investing in R&D to drive innovation, with a goal of achieving 4% organic growth from new product introductions in 2025 [13][19] - Honeywell plans to reorganize into four segments: Aerospace Technologies, Building Automation, Process Automation and Technology, and Industrial Automation, to enhance strategic focus and agility [9][10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving 6%-9% earnings growth in 2026, supported by strong organic growth and disciplined pricing execution [5][20] - The company anticipates continued strength in orders growth and a record backlog, which underpins their guidance for 2026 [35][36] - Management acknowledged challenges in the petrochemical sector but remains optimistic about long-cycle orders in LNG and refining [60] Other Important Information - Honeywell's investment in Quantinuum is expected to be a modest headwind to margins in 2026, with significant R&D investments aimed at maintaining leadership in quantum computing [28][56] - The company is pursuing the sale of its Productivity Solutions and Services and Warehouse and Workflow Solutions businesses in the first half of 2026 [9][92] Q&A Session Summary Question: Margin progression for the total company - Management indicated that operational margins are expected to expand by 50-90 basis points, with a headwind from Quantinuum in the first quarter [41][42] Question: Aerospace margins and contract renewals - Aerospace margins are expected to improve, with ongoing negotiations for contracts that will positively impact future margins [45][48] Question: Quantinuum IPO and investment spending - The company confirmed a $100 million year-over-year increase in investment spending for Quantinuum, with ongoing efforts to prepare for a potential IPO [53][56] Question: Strength in process orders - Management noted increased capital spending in LNG and refining, contributing to strong order growth, while cautioning about ongoing weakness in the petrochemical sector [58][60] Question: Pricing strategy and inflation impacts - Honeywell's pricing strategy has evolved to address persistent inflation, with expected price increases of 3%-4% in 2026 [65][68]

FORWARD LOOKING STATEMENTS FOURTH QUARTER 2025 EARNINGS AND 2026 OUTLOOK JANUARY 29, 2026 We describe many of the trends and other factors that drive our business and future results in this presentation. Such discussions contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including statements related to the proposed separation of Automation and Aerospace Technologies and the planned sale of the Productivity Solutions and ...

Core Viewpoint - Honeywell International Inc. reported quarterly earnings of $2.59 per share, exceeding the Zacks Consensus Estimate of $2.53 per share, and showing an increase from $2.47 per share a year ago, indicating a positive earnings surprise of +2.50% [1] Financial Performance - The company achieved revenues of $9.76 billion for the quarter ended December 2025, which fell short of the Zacks Consensus Estimate by 2.94% and decreased from $10.09 billion year-over-year [2] - Over the last four quarters, Honeywell has surpassed consensus EPS estimates four times and topped consensus revenue estimates three times [2] Stock Performance - Honeywell shares have increased approximately 11.1% since the beginning of the year, significantly outperforming the S&P 500's gain of 1.9% [3] - The current Zacks Rank for Honeywell is 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6] Earnings Outlook - The consensus EPS estimate for the upcoming quarter is $2.43 on revenues of $9.6 billion, while for the current fiscal year, the estimate is $10.33 on revenues of $39.56 billion [7] - The trend of estimate revisions for Honeywell was mixed ahead of the earnings release, which may change following the recent report [6] Industry Context - The Diversified Operations industry, to which Honeywell belongs, is currently ranked in the top 27% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Another company in the same industry, Griffon, is expected to report quarterly earnings of $1.34 per share, reflecting a year-over-year decline of -3.6% [9]

格隆汇1月29日｜霍尼韦尔预计2026年第一季度销售额为91亿美元至94亿美元；预计第一季度调整后每 股收益为2.25美元至2.35美元。 ...

Core Viewpoint - Honeywell International experienced a decline in profit during the fourth quarter due to charges related to its recent settlement with Flexjet, despite an increase in sales driven by ongoing demand [1] Financial Performance - The company's profit fell in the fourth quarter, impacted by specific charges associated with the settlement [1] - Sales, however, increased, indicating strong demand in the market [1]

Core Viewpoint - Honeywell reported an increase in fourth-quarter revenue and profit, driven by strong performance in its aerospace unit and aftermarket services [1] Group 1: Financial Performance - The company experienced a rise in fourth-quarter revenue [1] - Profit also increased during the same period [1] Group 2: Business Segments - The aerospace unit showed continued strength, contributing significantly to the overall performance [1] - Aftermarket services also played a crucial role in boosting revenue and profit [1]

Exhibit 99.1 Contacts: Media Investor Relations Stacey Jones Mark Macaluso (980) 378-6258 (704) 627-6118 stacey.jones@honeywell.com mark.macaluso@honeywell.com HONEYWELL REPORTS FOURTH QUARTER 2025 RESULTS, WITH ADJUSTED SALES AND ADJUSTED EARNINGS ABOVE HIGH END OF GUIDANCE; ISSUES 2026 OUTLOOK CHARLOTTE, N.C., January 29, 2026 -- Honeywell (NASDAQ: HON) today announced results for the fourth quarter and full year 2025 and issued its outlook for 2026. The company also provided an update on anticipated timi ...

Core Insights - Honeywell reported adjusted fourth-quarter earnings per share of $2.59, exceeding Wall Street's expectations of $2.54 [1] - The company achieved adjusted sales of $10.1 billion, surpassing the anticipated $10 billion [1]