Honeywell Technologies reported third-quarter 2026 sales of $5.0 billion, up 1% reported and 7% organic, driven by broad-based strength across all three segments. Backlog increased 7% year over year to nearly $19 billion. Operating income rose 79% to $740 million, with segment profit up 23% to $1,062 million.
Adjusted EPS increased 34% to $2.27, while reported EPS fell 20% due to a prior-year gain. Free cash flow grew 15% to $688 million. Chairman and CEO Vimal Kapur attributed the performance to momentum across segments and progress reducing fixed costs.
As a result, Honeywell raised its full-year 2026 outlook, expressing confidence in its long-term strategy and 2029 targets. Segment performance varied: Building Automation sales grew 8% organically, Process Automation and Technology rose 8% organically, and Industrial Automation grew 4% organically despite a 23% reported sales decline.
Source: Wall Street Journal US Business · Summarized by HeadlinesBriefing