HON · Earnings call · 2026Q3T · Full report
Guidance / Outlook
HONEYWELL INTERNATIONAL INC · 2026-10-22 · Importance 43 · Surprise 32 · In source text
Management said Honeywell entered Q4 with strong momentum and increased confidence in meeting the commitments outlined at Investor Day, citing a strong 2026 outlook. It characterized the first quarter as a standalone automation company as progress on its investment case, with broad-based organic growth, margin expansion, and higher free-cash-flow conversion. The company cited nearly $19 billion in backlog, with P&T converting backlog into organic growth, IA driving a turnaround, and BA continuing to deliver.
Key facts
- Honeywell expects full-year 2026 adjusted EPS of $8.40-$8.45, a 23-cent increase at the midpoint, and approximately 30% full-year earnings growth.
- Honeywell raised full-year 2026 organic growth guidance to 4%-5% from 3%-4%.
- Honeywell raised its full-year 2026 guidance across all metrics after Q3 execution and Q4 momentum.
- Honeywell expects Q4 2026 organic growth of 5%-6%.
- Honeywell plans corporate costs of about $400 million in 2027.
- Q3 2026 adjusted EPS was $2.27, up 34% year over year.
- Honeywell expects Q4 2026 orders to grow in the high-single-digit range excluding large LNG awards shown in the presentation.
- Honeywell expects 2027 organic growth at or above its long-term growth algorithm.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | positive | committed | — | Honeywell expects full-year 2026 adjusted EPS of $8.40-$8.45, a 23-cent increase at the midpoint, and approximately 30% full-year earnings… |
| revenue | positive | committed | — | Honeywell raised full-year 2026 organic growth guidance to 4%-5% from 3%-4%. |
| revenue | positive | committed | — | Honeywell expects Q4 2026 organic growth of 5%-6%. |