HON · 10-Q · 2026Q3

HONEYWELL INTERNATIONAL INC

Filed 2026-10-22 · Automotive · View original filing on EDGAR

Ranked Events

• Liquidity and Debt PositionImportance 89 · Surprise 82
  Cash and cash equivalents, including short-term investments, declined to $6.2 billion at September 30, 2026, from $12.7 billion at December 31, 2025. Honeywell held $4.5 billion of cash, cash equivalents, and…
• Interest Rate and Refinancing ExposureImportance 88 · Surprise 82
  Honeywell reduced total borrowings from $34,571 million at December 31, 2025 to $16,593 million at September 30, 2026. The Company made $14,688 million of long-term debt payments and $3,469 million of net…
• Quantinuum IPOImportance 71 · Surprise 60
  Quantinuum, formerly a consolidated Honeywell subsidiary, completed its initial public offering on June 4, 2026. Following the IPO, Honeywell retained a 48% noncontrolling ownership interest. Honeywell now accounts for…
• Aerospace Spin-OffImportance 71 · Surprise 60
  Honeywell completed the Aerospace Spin-Off on June 29, 2026, distributing one Honeywell Aerospace share for every two Honeywell Technologies shares held as of June 15, 2026. After completion, Honeywell Technologies…
• Portfolio Reshaping (M&A / Divestiture)Importance 71 · Surprise 60
  Honeywell completed the Aerospace Spin-Off on June 29, 2026, distributing one Honeywell Aerospace share for every two Honeywell Technologies shares and moving Aerospace results to discontinued operations. Honeywell…
• Cash Flow and Capital AllocationImportance 64 · Surprise 42
  Operating cash flow was $5,204 million in the first nine months of 2026, while investing cash flow used $1,221 million for continuing operations. Continuing-operations investing included $1,763 million of acquisition…
• Order Backlog and Book-to-BillImportance 49 · Surprise 32
  Honeywell’s order backlog increased 1% year over year to $18.8 billion as of September 30, 2026. Building Automation represented $9.2 billion of backlog, Process Automation and Technology represented $8.0 billion, and…
• Backlog and Book-to-BillImportance 49 · Surprise 32
  Total backlog increased 1% year over year to $18.8 billion as of September 30, 2026. Building Automation represented $9,194 million, or approximately 49%, of backlog. Process Automation and Technology represented…
• Industrial Automation Demand WeaknessImportance 47 · Surprise 48
  Industrial Automation sales declined 23% in the third quarter and 13% year to date, primarily because of the divestitures of the Warehouse and Workflow Solutions, Productivity Solutions and Services, and personal…
• Gross Margin DriversImportance 42 · Surprise 40
  Third-quarter 2026 gross margin increased approximately $200 million year over year. Third-quarter gross margin percentage expanded 440 basis points to 40.4% from 36.0%. Nine-month gross margin increased approximately…
• Process Automation DemandImportance 38 · Surprise 24
  Process Automation and Technology sales increased $261 million in the third quarter, supported by higher project volume and refining-related aftermarket demand. Projects contributed $98 million of organic sales growth,…
• Operating Income and MarginsImportance 36 · Surprise 40
  Building Automation segment profit increased $44 million in Q3 and $163 million year to date, with margins expanding to 27.0% and 26.8%, respectively. Process Automation and Technology segment profit increased $23…
• Building Automation DemandImportance 32 · Surprise 24
  Building Automation sales increased $142 million in the third quarter and $508 million year to date, driven by higher demand in both Products and Building Solutions. Third-quarter organic growth included $110 million…
• Revenue Performance and MixImportance 31 · Surprise 32
  Consolidated net sales increased 1% in the third quarter of 2026 and 2% year to date, with Q3 growth driven by 5% pricing, 3% acquisitions, and 2% volume, partly offset by a 9% divestiture impact. Building Automation…
• Income Tax Rate ChangesImportance 30 · Surprise 40
  The effective tax rate decreased 660 basis points in Q3 2026 compared with Q3 2025. Changes in U.S. federal, state, and foreign tax matter accruals reduced the Q3 rate by 3,950 basis points, partly offset by…
• Macroeconomic Factors ImpactImportance 23 · Surprise 24
  Honeywell reports a challenging macroeconomic and geopolitical environment for the nine months ended September 30, 2026, including Middle East conflict affecting energy markets, trade flows, and shipping. Global growth…
• Supply Chain ConstraintsImportance 10 · Surprise 6
  Honeywell continues to manage critical material availability, logistics conditions, and input-cost volatility amid geopolitical conflict, trade-policy changes, and inflationary pressure. Mitigation actions include…
• Operating Expense TrendsImportance 10 · Surprise 6
  Third-quarter R&D expense declined slightly as a percentage of sales because Industrial Automation reduced investment in new product development. Year-to-date R&D expense remained flat as a percentage of sales because…

Revenue by Product (in millions)