Honeywell reaffirms 2026 guidance ahead of aerospace spin-off
Honeywell International Inc. (NASDAQ: HON) reaffirmed its full-year 2026 guidance and provided preliminary outlook for the remaining company following the planned spin-off of Honeywell Aerospace on June 29, 2026, according to a company statement.
The company expects 2026 sales of $38.8 billion to $39.8 billion with organic sales growth of 3% to 6%. Adjusted earnings per share is projected at $10.35 to $10.65, representing growth of 6% to 9%. Free cash flow is expected to reach $5.3 billion to $5.6 billion.
Post-spin-off, the remaining entity will operate as Honeywell Technologies. The company provided preliminary 2026 guidance for this business, excluding the aerospace segment and incorporating planned divestitures of Productivity Solutions and Services and Warehouse and Workflow Solutions, which are expected to close in the fourth quarter.
Honeywell Technologies is projected to generate 2026 sales of $19.9 billion to $20.2 billion with organic sales growth of 2% to 3%. Adjusted earnings per share for the remaining company is expected to be $3.95 to $4.15, up 22% to 28%. Free cash flow is projected at approximately $2.0 billion.
The outlook incorporates the impact of the Johnson Matthey Catalyst Technologies acquisition, announced in May 2025 and expected to close in the third quarter. The company also announced changes to its adjusted results presentation, including removing income from overfunded pension liability and excluding Quantinuum results following its June 4 initial public offering.
Honeywell will discuss the guidance during an investor conference call and will host an investor day in New York City on June 11, 2026.
