Honeywell shares slip on first quarter revenue miss

Honeywell International Inc (NYSE:HON, XETRA:ALD) shares fell astir 3% successful aboriginal trading connected Thursday aft the concern conglomerate delivered mixed archetypal 4th 2026 results, with investors weighing stronger-than-expected net against a gross miss.

Honeywell International Inc. (HON) reported adjusted net per stock of $2.45 for the quarter, up of expert expectations of $2.32.

However, gross came successful astatine $9.14 billion, somewhat beneath the $9.28 cardinal forecast, contempt a 2% year-on-year summation connected some reported and integrated terms.

Orders roseate 7% organically during the quarter, lifting backlog to astir $38.3 billion. Segment nett accrued 6% to $2.1 billion, supported by gains crossed each divisions, portion adjusted conception margins improved to 23.3% owed to pricing actions and aboriginal benefits from outgo realignment tied to planned structural changes.

The institution noted that it continues to reshape its portfolio, announcing an statement to merchantability its Warehouse and Workflow Solutions concern successful an all-cash deal. This follows the antecedently announced divestiture of Productivity Solutions and Services, with some transactions expected to adjacent successful the 2nd fractional of 2026.

Honeywell besides confirmed updated timing for the planned spin-off of its aerospace division, present scheduled for June 29, 2026, pending committee support and different conditions.

“All of the acquisitions, divestitures, spin-offs and simplification efforts implicit the past respective years person positioned some aerospace and automation for agleam futures arsenic independent, starring companies, and we look guardant to sharing much astatine the upcoming capitalist days successful June," Honeywell CEO Vimal Kapur said.

Despite near-term pressure, absorption reiterated its full-year 2026 outlook. It continues to forecast income of $38.8 cardinal to $39.8 billion, with integrated maturation of 3% to 6%. Segment margins are expected successful a scope of 22.7% to 23.1%, representing enlargement of 20 to 60 ground points twelvemonth implicit year. Adjusted net per stock are projected betwixt $10.35 and $10.65, up 6% to 9%.

Operating currency travel is present expected to beryllium betwixt $4.4 cardinal and $4.7 billion, portion escaped currency travel guidance remains unchanged astatine $5.3 cardinal to $5.6 billion. Management noted that the outlook factors successful ongoing uncertainty related to geopolitical conditions successful the Middle East.