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Honeywell — Jan 29, 2026 release

Fiscal 2025 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000773840-26-000006
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Expected weighted average diluted shares (for adjusted EPS)
“approximately 638 million”
Period
FY2026
Measure
Company-defined measure
Source
Prose
All guidance in this release · 19
Honeywell Aerospace Spin-Off Timing
“Now Expected in Third Quarter 2026”
Sales for FY2026
“$38.8 billion to $39.8 billion”
Organic sales growth for FY2026
“3% to 6%”
Segment margin for FY2026
“22.7% to 23.1%”
Segment margin expansion for FY2026
“20 to 60 basis points”
Operating cash flow for FY2026
“$4.7 billion to $5.0 billion”
Free cash flow for FY2026
“$5.3 billion to $5.6 billion”
Sales
“$38.8B - $39.8B”
Organic Growth
“3% - 6%”
Segment Margin
“22.7% - 23.1%”
Expansion
“Up 20 - 60 bps”
Adjusted earnings per share for FY2026
“$10.35 - $10.65”
Adjusted EPS for FY2026
“$10.35 - $10.65”
Adjusted Earnings Growth
“6% - 9%”
Operating Cash Flow
“$4.7B - $5.0B”
Free Cash Flow
“$5.3B - $5.6B”
Earnings per share of common stock from cont… for FY2026
“$9.59 - $9.89”
Expected weighted average diluted shares (fo… for FY2026
“approximately 638 million”
Capital Expenditures for FY2026
“~(1.3)”
Exhibit 99.1 · the passage around this item
… earlier in the release
For the twelve months ended December 31, 2025, and 2024, adjusted earnings per share utilizes weighted average shares of approximately 642.8 million and 655.3 million, respectively. For the twelve months ended December 31, 2026, expected earnings per share utilizes weighted average shares of approximately 638 million. 2  For the three months ended December 31, 2025 and 2024, pension mark-to-market expense was $113 million and $95 million, net of tax benefit of $36 million and $31 million, respectively. .For the twelve months ended December 31, 2025 and 2024, pension mark-to-market expense was $123 million and $95 million, net of tax benefit of $40 million and $31 million, respectively. 3  For the three months ended December 31, 2025, and 2024, acquisition-related intangibles amortization includes $124 million and $107 million, net of tax benefit of $39 million and $32 million, respectively. For the twelve months ended December 31, 2025, and 2024, acquisition-related intangibles amortization includes $432 million and $321 million, net of tax benefit of $138 million and $90 million, respectively. For the twelve months ended December 31, 2026, expected acquisition-related intangibles amortization includes approximately $470 million, net of tax benefit of approximately $110 million. 4  For the three months ended December 31, 2025, and 2024, the adjustment for acquisition-related costs, which is principally comprised of third-party transaction and integration costs, is $13 million and $21 million,
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.