Honeywell International Inc. reaffirmed its full-year 2026 financial outlook on Monday ahead of the planned June 29 spin-off of its aerospace business and introduced a preliminary forecast for the remaining company, which will operate as Honeywell Technologies. The company maintained its fiscal 2026 adjusted earnings per share outlook of $10.35 to $10.65, compared with the Wall Street consensus estimate of $10.51. Honeywell also reaffirmed its sales guidance of $38.8 billion to $39.8 billion, versus analysts’ expectations of $39.55 billion. Honeywell kept its organic sales growth forecast at 3% to 6%. The guidance update comes ahead of the company’s investor conference call and its June 11 Investor Day.

Honeywell also unveiled a preliminary 2026 outlook for Honeywell Technologies, the business that will remain after the aerospace separation. The company expects sales of $19.9 billion to $20.2 billion, with organic sales growth of 2% to 3%. Adjusted earnings per share are projected at $3.95 to $4.15, representing growth of 22% to 28%, while free cash flow is expected to be about $2 billion.

The forecast excludes the aerospace business and reflects Honeywell’s ongoing portfolio reshaping. It incorporates the planned divestitures of Productivity Solutions and Services and Warehouse and Workflow Solutions, both expected to close by the fourth quarter, as well as the anticipated acquisition of Johnson Matthey Catalyst Technologies, which is expected to close in the third quarter.

Honeywell also said it will adjust the presentation of certain non-GAAP results by removing pension-related income and excluding Quantinuum Inc.’s consolidated results following the quantum computing company’s recent initial public offering. The company said the changes are intended to provide investors with a clearer view of the performance of its ongoing operations.

Financial Outlook Summary

Honeywell Technologies Preliminary Outlook