HON · Full Picture

HONEYWELL INTERNATIONAL INC — the full picture

Earnings window · 2026-07-23 to 2026-11-09 · anchored on the 10-Q report

One earnings window, everything merged: the filing, the call, press releases and news digests, folded into ranked threads.

What to look at first

  1. Guidance / Outlook · Guidance & outlookPriority 89
    -48.7% net_income; 3 sources (news, press_release, transcript); 15 forward row(s); quote_verified
    For the twelve months ended December 31, 2026, the expected adjustment is $5,057 million, net of tax expense of $1,572.
  2. Portfolio Reshaping (M&A / Divestiture) · M&A and divestituresPriority 87
    +132.7% net_income (realized); 3 sources (news, press_release, sec_filing); 2 forward row(s); structured_verified
    On July 17, 2026, Honeywell acquired Johnson Matthey’s Catalyst Technologies business for total consideration of $1,743 million, net of cash acquired.
  3. Operating Income and Margins · Operating income & profitabilityPriority 86
    +3.2% margin; 4 sources (news, press_release, sec_filing, transcript); 5 forward row(s); structured_verified
    Now expect full-year segment margin expansion of 250 to 290 basis points in 2026 (up 25 basis points at the midpoint from previous guidance) and expect to exit the year above 22% segment margin
  4. Capital Allocation · UnclassifiedPriority 83
    +2.2% cash; 3 sources (press_release, sec_filing, transcript); 2 forward row(s); structured_verified
    Net cash provided by operating activities decreased by $4,461 million year-over-year for the nine months ended September 30, 2026, driven by reclassification of Aerospace cash and receipt of a $1,590 million Resideo payment in 2025.
  5. Liquidity and Debt Position · UnclassifiedPriority 79
    +33.9% liability (realized); structured_verified
    Net cash and cash equivalents held as of September 30, 2026 were $6.2 billion and as of December 31, 2025 were $12.7 billion, including short-term investments.
  6. Acquisition / Partnership / Divestiture · M&A and divestituresPriority 76
    -3.5% revenue; 4 sources (news, press_release, sec_filing, transcript); 5 forward row(s); quote_verified
    On July 17, 2026, the Company acquired Johnson Matthey’s Catalyst Technologies business segment for total consideration of $1,750 million, net of cash acquired.
  7. Operating Expense Trends · Operating expenses (SG&A)Priority 75
    -0.1% net_income; 3 sources (press_release, sec_filing, transcript); 3 forward row(s); quote_verified
    Stranded cost removal at Investor Day estimated $85 million at year-end; company is about $20 million better and now expects ~$60 million to $65 million stranded costs entering 2027
  8. Revenue Performance and Mix · Revenue growth & mixPriority 73
    +6.4% assets (realized); 4 sources (news, press_release, sec_filing, transcript); structured_verified
    Honeywell International Inc.'s free cash flow grew from $100M to $500M.
  9. Order Backlog and Book-to-Bill · Demand, orders & backlogPriority 69
    4 sources (news, press_release, sec_filing, transcript); 4 forward row(s); quote_verified
    Honeywell Aerospace secured approximately $15 billion in new business wins in 2026.
  10. Product Launch and Transition · Products & launchesPriority 69
    -8.2% revenue; 4 forward row(s); quote_verified
    Consensus revenue estimate for Honeywell is $5.07 billion, reflecting a 51.31% fall from the equivalent quarter last year.
  11. Aerospace Supply Chain Constraints · Supply chain & operationsPriority 68
    4 sources (news, press_release, sec_filing, transcript); 2 forward row(s); quote_verified
    Honeywell is addressing supply-chain constraints by qualifying new suppliers and increasing tooling investment.
  12. Net Income and Profitability · Operating income & profitabilityPriority 67
    3 sources (news, press_release, sec_filing); structured_verified
    The company reported a significant drop in second-quarter profit to $246 million, compared to $844 million a year ago.

Threads by pillar

Revenue & Demand Priority 90 · 10 threads

Costs & Margins Priority 96 · 11 threads

Capital & Balance Sheet Priority 82 · 8 threads

Strategy & Portfolio Priority 96 · 14 threads

Legal, Regulatory & Policy Priority 59 · 4 threads

Guidance & Outlook Priority 90 · 2 threads

Macro & Market Conditions Priority 64 · 4 threads

Management & Governance Priority 27 · 2 threads

Unclassified Priority 96 · 5 threads

Expected impact by metric

metricforward netforward grossrealized
net_income-55.8%+55.9%+163.2%
revenue-1.3%+22.2%—
margin+3.2%+3.2%+8.1%
cash+2.5%+2.5%-43.6%
operating_income-0.6%+1.0%-7.9%
assets——+9.9%
liability——+13.6%