Honeywell — Apr 23, 2026 release

Reported and Organic 1 Sales Up 2% • Operating Margin of 16.1% and Segment Margin 1 of 23.3% • Earnings Per Share (EPS) of $1.29, Down (35%) and Adjusted EPS 1 of $2.45, Up 11% • Honeywell Aerospace Spin-off Planned for Third Quarter (June 29, 2026) CHARLOTTE, N.C., April 23, 2026 -- Honeywell (NASDAQ: HON) today announced results for the first quarter and also announced an agreement to sell its Warehouse and Workflow Solutions (WWS) business in an all-cash transaction to American Industrial Partners. This transaction and the previously announced sale of Productivity Solutions and Services (PSS) are both expected to close in the second half of 2026. The company today also updated the expected timing for the spin-off of Honeywell Aerospace to June 29, 2026, subject to final approval by Honeywell's Board of Directors and other customary conditions. First-quarter reported and organic 1 sales grew 2% driven primarily by pricing actions and new product introductions. Orders grew 7% organically fueled by strong demand in Building and Industrial Automation. As a result, backlog was up 2% sequentially to $38.3 billion. Operating income decreased 14% and segment profit 1 increased 6% to $2.1 billion with growth in all four segments. Operating margin contracted 320 basis points to 16.1% due to an impairment charge related to the PSS and WWS assets held for sale, and higher repositioning and divestiture-related costs. Excluding these an