Honeywell International Inc. reported its financial results for the third quarter of 2026, revealing a net income of $676 million, a decrease from $1.859 billion in the same period last year. The company's revenue for the quarter reached $4.994 billion, a slight increase from $4.929 billion in Q3 2025. The decline in net income was attributed to a loss from discontinued operations of $103 million, compared to a profit of $905 million in the prior year. Earnings per share from continuing operations were $2.42, down from $3.01 in the previous year.
The company's financial performance reflects significant changes following the completion of the Aerospace Spin-Off on June 29, 2026, which resulted in the separation of Honeywell Aerospace into an independent entity. This strategic move aimed to enhance growth opportunities for both Honeywell Technologies and Honeywell Aerospace. The company now operates through three reportable segments: Building Automation, Process Automation and Technology, and Industrial Automation, following the divestiture of its Aerospace and Advanced Materials businesses.
In terms of operational developments, Honeywell Technologies completed the acquisition of Johnson Matthey’s Catalyst Technologies business for $1.743 billion in July 2026. This acquisition is expected to bolster Honeywell's offerings in the Process Automation and Technology segment. Additionally, the company divested its Warehouse and Workflow Solutions and Productivity Solutions and Services businesses, generating a total of $1.527 billion in proceeds. The divestitures and acquisitions are part of Honeywell's ongoing strategy to optimize its portfolio and focus on high-growth areas.
The company reported a backlog of orders amounting to $18.8 billion as of September 30, 2026, reflecting a 1% increase compared to the previous year. This backlog indicates a stable demand for Honeywell's products and services across its segments. Honeywell's total assets decreased to $53.098 billion from $73.681 billion at the end of 2025, primarily due to the spin-off of Honeywell Aerospace. The company also reported a significant reduction in cash and cash equivalents, which fell to $5.694 billion from $12.273 billion at the end of the previous fiscal year.
Looking ahead, Honeywell Technologies remains focused on leveraging its core competencies and enhancing its operational efficiency through its proprietary Honeywell Technologies Accelerator operating system. The company anticipates continued growth driven by strategic acquisitions and a disciplined approach to managing its portfolio. However, it also acknowledges potential risks from macroeconomic conditions, including inflation and geopolitical uncertainties, which could impact its performance in the near term.
About HONEYWELL INTERNATIONAL INC
Honeywell International Inc. is a diversified technology and manufacturing company focused on automation, aerospace, and energy solutions. Its key offerings include aerospace technologies, industrial automation systems, building management solutions, and energy sustainability products. With a robust market opportunity driven by megatrends, Honeywell targets various industries globally. The company is actively pursuing strategic divestitures and spin-offs to enhance operational focus and drive innovation, including plans to separate its Automation and Aerospace segments.
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