Honeywell — Oct 23, 2025 release

Excluding the impact of the Bombardier agreement 4 signed in the fourth quarter of 2024, the company expects organic sales 1 growth of approximately 5%, segment margin 2 down 40 to 30 basis points year over year, and adjusted earnings per share 2,3 up approximately 3% year over year. The company expects adjusted earnings per share growth of 5% to 6% when excluding both the impact of the Bombardier agreement 4 and the October spin-off of Solstice Advanced Materials. A summary of the company's full-year guidance changes can be found in Table 1. Portfolio Transformation In February, Honeywell announced that its Board of Directors concluded its comprehensive portfolio review and decided to pursue a separation of its Automation and Aerospace businesses. The planned separation, coupled with the upcoming spin of Solstice Advanced Materials, will result in three publicly-listed industry leaders and is on track to be fully completed in the second half of 2026. In preparation for the separation, Honeywell took several steps during and subsequent to the quarter to     accelerate value creation and further simplify its operations and balance sheet, including: • Most recently, the company announced its reorganization into a simplified structure for its automation businesses with three reporting segments - Building Automation, Process Automation and Technology, and Industrial Automation - expected beginning first quarter 2026. The new segments will be focuse