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Home/News Feed/Honeywell reports 2% sales growth, plans Aerospace spin-off by June 2026, and sells Warehouse business.
HON
$222.85
+$0.01 +0.00%

Honeywell reports 2% sales growth, plans Aerospace spin-off by June 2026, and sells Warehouse business.

Company Fundamentals
23 Apr 2026
PRNewsWire
View Source
Neutral
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Honeywell posted a 2% increase in first-quarter sales to $9.1 billion, driven by pricing and new products, with a 7% rise in orders boosting backlog to $38 billion. Despite a 35% drop in reported EPS to $1.29 due to restructuring and divestiture costs, adjusted EPS rose 11% to $2.45. The company plans to spin off its Aerospace division by June 29, 2026, and is selling its Warehouse and Workflow Solutions business, expected to close in the second half of 2026. Honeywell maintains its full-year guidance amid geopolitical challenges and aims for continued growth in its automation and aerospace segments.

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