Honeywell — Feb 6, 2025 release

The planned separation, coupled with the previously announced plan to spin Advanced Materials, will result in three publicly listed industry leaders with distinct strategies and growth drivers. The separation is intended to be completed in the second half of 2026 and in a manner that is tax-free to Honeywell shareholders. Kapur commented, "The formation of three independent, industry-leading companies builds on the powerful foundation we have created, positioning each to pursue tailored growth strategies, and unlock significant value for shareholders and customers. Our simplification of Honeywell has rapidly advanced over the past year, and we will continue to shape our portfolio to create further shareholder value." Fourth-Quarter Performance Honeywell sales for the fourth quarter were up 7% year over year on a reported basis and 2% on an organic 1 basis year over year. The fourth-quarter financial results can be found in Tables 2 and 3. Aerospace Technologies sales for the fourth quarter increased 1% on an organic 1 basis year over year, or 11% excluding the impact of the Bombardier agreement 4 , driven by strong performance in commercial aftermarket and defense and space. Commercial aftermarket led growth in the quarter, up 17% organically as continued demand in air transport drove increased flight activity. Defense and space sales increased 14% organically as a result of ongoing global demand and further supply chain improvements. Segm