New York, Jan 30, 2026, 05:34 EST — Premarket
- Honeywell shares held near $227 ahead of the open after a post-earnings jump on Thursday
- The company forecast 2026 adjusted profit broadly in line and pulled its aerospace separation into Q3 2026
- Investors are watching aerospace aftermarket demand, data-center exposure and the pace of planned asset sales
Honeywell International (HON.O) shares were little changed in early premarket trading on Friday after the industrial group beat quarterly profit estimates and moved up the timeline for its planned aerospace spin-off. The stock last traded at $227.24.
The update lands at a tricky moment for big industrials. Investors are trying to separate durable demand — like aircraft maintenance and data-center construction — from softer, shorter-cycle factory spending, without losing sight of the company’s own breakup work.
Honeywell’s breakup is the other moving part. The company has promised a simpler structure, and the market has started treating execution details — who runs what, and when — as price-sensitive.
Honeywell said fourth-quarter sales were $9.8 billion and adjusted sales were $10.1 billion, while adjusted earnings were $2.59 per share. “Adjusted” results exclude items the company says are not part of its core run-rate, and Honeywell’s quarter included charges tied to assets it has marked for sale and a Flexjet-related litigation matter. CEO Vimal Kapur said the company exited 2025 with “a record backlog of over $37 billion,” or orders already booked but not yet shipped. 1
On the call, Kapur also pointed to data centers becoming a bigger slice of revenue, while aerospace benefited from strong aftermarket demand — parts and maintenance sold after aircraft are in service — as airlines keep planes flying longer amid delivery delays. Reuters cited LSEG data showing adjusted profit beat estimates while sales were a bit light, and said Honeywell plans to pursue sales of two transportation and logistics-related businesses in the first half of 2026. “We are inching towards that becoming greater than 5% of our revenue,” Kapur said of the data-center opportunity in building automation. 2
Honeywell shares climbed 4.89% to close at $227.24 on Thursday, outpacing gains in GE Aerospace and Johnson Controls during a mixed session for U.S. stocks, MarketWatch reported. 3
A separate filing showed Honeywell will change how it reports its businesses starting in the first quarter, including adding a Process Automation and Technology segment and reshuffling what sits inside industrial automation. The company also said it will break out revenue more by business model — such as products and aftermarket — in several segments. 4
That new segment map could sharpen the debate over what Honeywell really is: a steady building-and-controls business, a cyclical automation supplier, or an aerospace service story with a long tail. The answer matters more when the company is trying to split itself up.
But there are ways this can go sideways. Aerospace aftermarket demand can cool quickly if airlines start taking more new aircraft, and separation work tends to pull in extra costs and distractions even when the end-state looks cleaner.
For the next few sessions, traders will watch whether Honeywell’s upbeat order and backlog talk shows up in cash and margins — not just adjusted figures. Honeywell’s earnings presentation also laid out first-quarter adjusted EPS of $2.25 to $2.35 on sales of $9.1 billion to $9.4 billion, and it scheduled investor days tied to the breakup: Honeywell Aerospace on June 2-3 in Phoenix and an automation investor day on June 11 in New York. 5
