Honeywell — Jan 29, 2026 release

Table 2: Summary of Segment Financial Results (Dollars in millions) - MORE - Honeywell Q4’25 Results - 5 AEROSPACE TECHNOLOGIES FY 2025 FY 2024 Change Sales 17,510 15,458 13% Organic 1 Growth   12% Segment Profit 4,284 3,988 7% Segment Margin 24.5% 25.8% -130 bps Adjusted Segment Profit 1 4,657 3,988 17% Adjusted Segment Margin 1 26.1% 25.8% 30 bps 4Q 2025 4Q 2024 Sales 4,520 3,986 13% Organic 1 Growth   21% Segment Profit 909 811 12% Segment Margin 20.1% 20.3% -20 bps Adjusted Segment Profit 1 1,282 811 58% Adjusted Segment Margin 1 26.5% 20.3% 620 bps INDUSTRIAL AUTOMATION FY 2025 FY 2024 Change Sales 9,401 10,051 (6)% Organic 1 Growth   —% Segment Profit 1,743 1,962 (11)% Segment Margin 18.5% 19.5% -100 bps 4Q 2025 4Q 2024   Sales 2,369 2,566 (8)% Organic 1 Growth   1% Segment Profit 435 503 (14)% Segment Margin 18.4% 19.6% -120 bps BUILDING AUTOMATION FY 2025 FY 2024 Change Sales 7,367 6,540 13% Organic 1 Growth   8% Segment Profit 1,953 1,681 16% Segment Margin 26.5% 25.7% 80 bps 4Q 2025 4Q 2024 Sales 1,971 1,798 10% Organic 1 Growth   8% Segment Profit 532 482 10% Segment Margin 27.0% 26.8% 20 bps ENERGY AND SUSTAINABILITY SOLUTIONS FY 2025 FY 2024 Change Sales 3,134 2,644 19% Organic 1 Growth   (1)% Segment Profit 692 615 13% Segment Margin 22.1% 23.3% -120 bps 4Q 2025 4Q 2024 Sales 892 814 10% Organic 1 Growth   (7)% Segment Profit 211 217 (3)% Segment Margin 23.7% 26.7% -300 bps 2026 Outlook Honeywell also announced its outlook for 2026. The company expects sales of $38.8 billion to $39.8 billion with organic 1 sales growth in the range of 3% to 6%. Segment margin 2 is expected to be 22.7% to 23.1%, with segment margin 2,6 expansion of 20 to 60 basis points. Adjusted earnings per share 3 is expected to be $10.35 to - MORE - Honeywell Q4’25 Results - 6 $10.65, up 6% to 9%. The company expects operating cash flow of $4.7 billion to $5.0 billion. Free cash flow 1,5 is expected to be $5.3 billion to $5.6 billion, representing growth of 4% to 10% for the full year. A summary of the company's 2026 guidance can be found below. The company's outlook includes full-year expected results for Aerospace, PSS, and WWS, and does not incorporate the pending acquisition of Johnson Matthey's Catalyst Technologies business. Table 3: Full-Year 2026 Guidance 2   Sales   $38.8B - $39.8B Organic 1 Growth   3% - 6% Segment Margin   22.7% - 23.1% Expansion 6   Up 20 - 60 bps Adjusted Earnings Per Share 3   $10.35 - $10.65 Adjusted Earnings Growth 3   6% - 9% Operating Cash Flow   $4.7B - $5.0B Free Cash Flow 1,5 $5.3B - $5.6B Free Cash Flow 1,5 Growth 4% - 10% 1 See additional information at the end of this release regarding non-GAAP financial measures. 2 Segment margin and adjusted EPS are non-GAAP financial measures. Management cannot reliably predict or estimate, without unreasonable effort, the