Honeywell(US:HON) Zhong Guo Jing Ying Bao·2025-10-30 10:52Core Insights - Honeywell reported a Q3 2025 sales of $10.4 billion, a 7% year-over-year increase [1] - Operating income decreased by 6% year-over-year, while segment profit increased by 5% to $2.4 billion [1] - The company updated its full-year guidance, anticipating a $700 million reduction in sales due to the spin-off of Solstice Advanced Materials [1][2] Financial Performance - Q3 earnings per share (EPS) were $2.86, a 32% increase year-over-year [1] - Operating cash flow rose by 65% to $3.3 billion, while free cash flow decreased by 16% to $1.5 billion [1] - Operating margin fell by 220 basis points to 16.9%, and segment margin decreased by 50 basis points to 23.1% [1] Updated Guidance - Full-year sales are projected to be between $40.7 billion and $40.9 billion, with organic sales growth of approximately 6% [2] - Segment margin is expected to be between 22.9% and 23.0%, reflecting a year-over-year increase of 30 to 40 basis points [2] - Adjusted EPS is forecasted to be between $10.60 and $10.70, an increase of $0.10 from previous guidance [2] - Operating cash flow is anticipated to be between $6.4 billion and $6.8 billion, while free cash flow is expected to be between $5.2 billion and $5.6 billion [2]