Honeywell Technologies Q2 2026 earnings: profit forecast raised

Honeywell Technologies raised its full-year nett forecast connected Thursday, its archetypal net study arsenic a standalone automation institution pursuing the completion of a three-way firm breakup.

Honeywell Technologies lifted its full-year adjusted EPS people to a scope of $8.05 to $8.35, compared with the erstwhile guidance of $7.90 to $8.30, the institution said. Full-year income guidance was acceptable astatine $19.8 cardinal to $20.0 billion, with integrated income maturation of 3% to 4%.

Second-quarter adjusted EPS for the standalone Honeywell Technologies concern came successful astatine $1.95, up 10% from a twelvemonth earlier. Analysts had expected adjusted EPS of $4.81, according to Reuters, citing information from LSEG. That $4.81 fig reflects consolidated results including the erstwhile Aerospace Technologies segment; consolidated adjusted EPS for the 4th was $4.52.

Quarterly income for the standalone concern reached $5.2 billion, up 3% from a twelvemonth earlier and up 4% connected an integrated basis. The Building Automation conception led the way, with income rising 10% to $2.0 cardinal and conception borderline expanding 90 ground points to 27.1%, driven by measurement leverage and pricing. Process Automation and Technology income fell 1% organically to $1.7 billion, weighed down by little catalyst volumes and unfavorable merchandise mix. Industrial Automation income grew 4% organically to $1.5 billion, supported by spot successful utilities projects and warehouse backlog conversion.

"The 2nd 4th marked a historical milestone for Honeywell Technologies arsenic we completed the separation of Honeywell Aerospace and began a caller epoch arsenic a starring pure-play automation company," Honeywell Technologies president and main enforcement serviceman Vimal Kapur said successful a statement.

Honeywell Technologies banal roseate 1.6% earlier the opening bell.

The net travel a play of important restructuring. As portion of what was a planned three-way breakup of Honeywell, the precocious materials part was spun disconnected successful October 2025 arsenic Solstice Advanced Materials. Honeywell Aerospace completed its separation connected June 29 and began trading connected the Nasdaq nether the ticker awesome HONA, leaving Honeywell Technologies arsenic the remaining automation-focused entity. The institution has besides agreed to merchantability its Warehouse and Workflow Solutions and Productivity Solutions and Services businesses, with those divestitures expected to adjacent by aboriginal August.

The updated guidance incorporates results from the acquisition of Johnson Matthey's Catalyst Technologies business, which closed connected July 17, the institution said. Honeywell Technologies expects integrated income maturation of 4% to 6% successful the 2nd fractional of the year.