Honeywell Aerospace reports third quarter results; updates 2026 outlook
Honeywell Aerospace (Nasdaq: HONA), spun off from Honeywell International in June 2026, beat expectations in its first quarter as a standalone company with sales of $4.6B (up 2% organically) and net income of $737M, up 13% year over year. The board declared an inaugural quarterly dividend of $0.40 per share, payable December 4, 2026, and management raised FY26 pro forma standalone adjusted EPS guidance to $7.85-$8.00 and second-half free cash flow guidance to $1.2B-$1.4B. Backlog grew 12% to $19.3B with trailing twelve-month orders up 9%, though adjusted EBIT rose only 1% amid new standalone costs and Engines & Power Systems profit fell 16%.
Key figures
- Eps
- 2.29
- Revenue
- 4644000000
- Guidance
- FY26 pro forma standalone adjusted EPS raised to $7.85-$8.00 from $7.60-$7.90; H2 FCF raised to $1.2B-$1.4B from $1.0B-$1.4B; adjusted EBIT narrowed to $4.375B-$4.425B; organic growth maintained at 4%-5%
- Revenue Yoy
- 2%
- Fcf
- 500000000
- Backlog
- 19324000000
- Net income
- 737000000
- Backlog yoy
- 12%
- Adjusted eps
- 2.21
- Adjusted ebit
- 1161000000
- Net income yoy
- 13%
- Ttm orders yoy
- 9%
- Adjusted ebit yoy
- 1%
- Dividend per share
- 0.4
- Operating cash flow
- 668000000
- New wins lifetime value ytd
- $20 billion
AI analysis
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