Honeywell(US:HON)2025-10-23 12:30Financial Performance - Honeywell's Q3 2025 adjusted earnings per share was $2.82, exceeding the guidance range of $2.50-$2.60[20] - Organic sales grew by 6% in Q3 2025, driven by double-digit growth in commercial aftermarket and defense and space[20] - Orders increased by 22% year-over-year, resulting in a book-to-bill ratio of 1.1x[20] - The company is raising its full-year organic growth and EPS guidance, including the effect of the Solstice spin-off in October[4] - Free cash flow for Q3 2025 was $1.5 billion[20] Portfolio Transformation - The spin-off of Solstice Advanced Materials was completed in October 2025, with Honeywell receiving a $1.5 billion dividend[10] - Honeywell expects to spin off Honeywell Aerospace in the second half of 2026[7] - Quantinuum raised over $600 million in a fundraising round in September, valuing the company at $10 billion pre-money, which is 2x prior 2024 valuation[15,19] Segment Results - Aerospace Technologies sales were up 12% organically in Q3 2025[23] - Building Automation sales were up 7% organically in Q3 2025, with segment margin up 80 bps[23] - Energy and Sustainability Solutions sales were down (2%) organically in Q3 2025[23]