Honeywell Beats Q3 Estimates, Reiterates Spinoff Plans
Honeywell Beats Q3 Estimates, Reiterates Spinoff Plans

Honeywell Beats Q3 Estimates, Reiterates Spinoff Plans

News summary

Honeywell reported third-quarter revenue of $10.41 billion (up 7% year-over-year) and adjusted EPS of $2.82, beating estimates by about $0.26 and prompting a raise to full-year adjusted EPS guidance of $10.60–$10.70 (midpoint ~$10.65) with full-year revenue guidance near $40.7–$40.9 billion. Management said guidance reflects the upcoming Solstice Advanced Materials spinoff, which is expected to close Oct. 30, 2025, and reiterated plans to separate Honeywell into three public companies, including an Aerospace Technologies spinoff. Aerospace led the quarter, with sales up roughly 12% and orders lifting total backlog to a record high. The company said the spinoffs will reduce annual sales by about $700 million and subtract roughly $0.21 from adjusted EPS. Operating margin declined year-over-year to about 16.9% even as free cash flow margin improved, and shares rallied about 4.2% in premarket trading on the results; management will discuss results on an Oct. 23 earnings call.

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