Honeywell — Jan 29, 2026 release

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 impact and timing on future operating results arising from items excluded from segment margin or adjusted EPS. We therefore, do not present a guidance range, or a reconciliation to, the nearest GAAP financial measures of operating margin or EPS. 3 Adjusted EPS and adjusted EPS V% guidance excludes items identified in the non-GAAP reconciliation of adjusted EPS at the end of this release, and any potential future one-time items that we cannot reliably predict or estimate such as pension mark-to-market. 4 4Q24 financial results include impact of the BBD announced on December 2, 2024, resulting in a reduction to Sales of $0.4B, Net Income of $0.3B, and Cash Flow of $0.5B. 5