New York, Jan 30, 2026, 15:22 (EST) — Regular session
- Honeywell shares slipped on Friday, pulling back after a roughly 5% surge the day before driven by quarterly earnings.
- The company highlighted strong aerospace aftermarket activity and growing data-center demand as main growth drivers for 2026.
- Investors are tracking updates on planned asset sales slated for the first half, along with reporting changes kicking off in the first quarter.
Honeywell International Inc shares slipped a bit on Friday, as investors absorbed the company’s quarterly results and 2026 forecast—coming a day after the stock surged on those very numbers.
The pause arrives at a sensitive time for the industrial giant. Honeywell is working to convince investors that its earnings will remain stable even as it breaks up and offloads parts of its business.
Growth is shifting. Management is doubling down on aircraft maintenance and AI data center demand—segments investors see as safer bets compared to the broader industrial cycle.
Shares slipped 0.1% to $226.96 in afternoon trading, following a nearly 5% gain in the previous session. On Friday, the stock fluctuated between $225.55 and $229.56.
Honeywell posted fourth-quarter revenue of $9.76 billion on Thursday, a 6.4% increase but shy of analyst forecasts. Adjusted earnings per share, excluding one-time items, rose to $2.59, beating estimates. Aerospace sales climbed 13.4% to $4.52 billion, boosted by higher-margin aftermarket services as airlines kept aging jets flying amid Boeing and Airbus delivery delays. Analysts had expected $2.54 per share, according to LSEG data. Kapur noted, “We are inching towards that becoming greater than 5% of our revenue,” referencing data-center exposure in building automation—a trend also highlighted recently by Dover, Caterpillar, and GE Vernova. (Reuters)
Honeywell reported a 23% jump in organic orders—excluding currency effects and acquisitions—and its backlog topped $37 billion. “As a result, we exited 2025 with a record backlog of over $37 billion,” Kapur said. The company projects 2026 adjusted EPS between $10.35 and $10.65, with sales forecast at $38.8 billion to $39.8 billion. (Honeywell)
The company reported GAAP earnings per share of 49 cents, factoring in charges related to an impairment on assets held for sale and costs from previously disclosed Flexjet litigation issues.
Honeywell expects to finish splitting its automation and aerospace units in the third quarter. The company also aims to sell two transportation and logistics businesses during the first half of 2026. Investors are closely monitoring whether these portfolio shifts will lead to sharper margins and more consistent cash flow.
A U.S. Securities and Exchange Commission filing on Thursday revealed that Honeywell will revamp its reporting structure starting in the first quarter. The company plans to introduce a new Process Automation and Technology segment and adjust the composition of its Industrial Automation segment. According to the filing, Honeywell will report across four segments: Aerospace Technologies, Building Automation, Process Automation and Technology, and Industrial Automation. (SEC)
Still, the earnings boost reveals some clear vulnerabilities. Revenue fell short of estimates, and any drop in aircraft maintenance spending or a halt in data-center projects could leave Honeywell facing a rough patch—right when it’s juggling several separations and asset sales.
The next key dates are coming up fast: Honeywell will release its first-quarter results for the period ending March 31, now aligned with the new segment structure. Investors will also be watching for updates on the planned divestitures for the first half and the targeted separation set for the third quarter.
