Honeywell posted its first results as a standalone automation company after the Aerospace spin-off

Honeywell is an automation company now. On June 29 it completed the spin-off of Honeywell Aerospace, which trades on its own as HONA, and the second quarter is the first the company has reported as a simplified business built around industrial automation rather than a conglomerate spanning jets and thermostats. The headline earnings number reflects that transition more than the underlying business.

Reported earnings per share from continuing operations were $17.83, up from $4.33, a jump driven by a one-time gain on the deconsolidation of Quantinuum, the quantum-computing venture. Adjusted earnings per share, the cleaner read, were $4.52 across the still-consolidated group, down 4 percent. Strip out Aerospace and look at Honeywell Technologies on its own, the business that stays, and adjusted earnings per share rose 10 percent to $1.95. Sales at that continuing business were $5.2bn, up 3 percent reported and 4 percent organic, with orders up 16 percent and backlog near $20bn.

The company raised its full-year outlook. It now expects 2026 sales of $19.8bn to $20.0bn, segment margin of 20.1 to 20.5 percent, and adjusted earnings per share of $8.05 to $8.35, up 25 to 29 percent. That guidance already folds in the Johnson Matthey catalyst business it bought on July 17 and two divestitures it expects to close by early August.