Honeywell Technologies Reports Third Quarter Results, Raises Full-Year 2026 Outlook
Honeywell Technologies reported 3Q26 sales of $5.0 billion, up 7% organically, with adjusted EPS of $2.27 up 34% year-over-year in its first quarter as a standalone company. Operating margin expanded 640 basis points to 14.8% on productivity gains, stranded-cost elimination, and pricing that more than offset inflation; free cash flow of $688 million rose 15% with 95% conversion. GAAP EPS fell 20% only because of a prior-year one-time Resideo termination gain. Management raised full-year 2026 guidance: sales to $20.0-$20.1 billion, organic growth to 4-5%, adjusted EPS to $8.40-$8.45 (up 30-31%), and free cash flow to ~$2.1 billion.
Key figures
- Eps
- 2.4
- Revenue
- 4994000000
- Guidance
- FY26 sales $20.0B-$20.1B (raised from $19.8B-$20.0B); organic growth 4-5% (from 3-4%); segment margin ~20.5%; adjusted EPS $8.40-$8.45 (raised from $8.05-$8.35, +$0.23 at midpoint); free cash flow ~$2.1B
- Revenue Yoy
- 1% reported, 7% organic
- Fcf
- 688000000
- Backlog
- nearly $19 billion, up 7% YoY
- Fcf yoy
- 15%
- Adjusted eps
- 2.27
- Fcf conversion
- 95%
- Segment margin
- 21.3%
- Segment profit
- 1062000000
- Adjusted eps yoy
- 34%
- Operating income
- 740000000
- Operating margin
- 14.8%
- Operating cash flow
- 607000000
- Operating income yoy
- 79%
AI analysis
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