Honeywell(US:HON) Xin Lang Cai Jing·2025-10-30 10:08Core Insights - Honeywell reported strong Q3 2025 financial performance, with sales reaching $10.4 billion, a 7% year-over-year increase, driven by double-digit growth in the commercial aftermarket [1] - The company raised its full-year organic growth and adjusted EPS guidance, reflecting confidence in ongoing business transformation and market demand for innovative solutions [1] Financial Performance - Q3 sales were $10.4 billion, up 7% year-over-year, with organic sales growth of 6% [1] - Operating income decreased by 6% year-over-year, while segment profit increased by 5% to $2.4 billion [1] - Q3 adjusted EPS was $2.82, a 9% increase year-over-year, while operating cash flow was $3.3 billion, up 65% [1] Business Transformation - Honeywell is progressing with the spin-off of its Solstice Advanced Materials business, expected to complete on October 30, 2025, which will impact full-year sales by $700 million and adjusted EPS by $0.21 [1] - The company plans to split into three publicly traded entities by the second half of 2026, focusing on automation and aerospace businesses [1] - Recent restructuring efforts aim to streamline operations and enhance value creation, with a new reporting structure set to begin in Q1 2026 [1] Future Outlook - Honeywell expects full-year sales guidance of $40.7 billion to $40.9 billion, with organic sales growth of approximately 6% [1] - Adjusted EPS guidance has been raised to $10.60 to $10.70, reflecting a 10-cent increase from previous estimates [1] - The company remains optimistic about maintaining growth momentum into Q4 2025, supported by a strong order backlog and recurring revenue growth from connected products and services [1]