Honeywell Technologies Posts Higher 2Q Profit, Revenue Amid Restructuring
By Connor Hart
Honeywell Technologies reported higher profit and sales in the second quarter after a multiyear restructuring carved the industrial conglomerate into three publicly traded companies
The company on Thursday posted a profit of $5.68 billion, or $17.83 a share, for its three months ended June 30. That compares with $1.57 billion, or $4.90 a share, a year earlier.
The recent quarter benefited from a $6.63 billion gain stemming from the deconsolidation of a subsidiary.
Stripping out one-time items and including the operations of Honeywell Aerospace, which was spun off from Honeywell Technologies last month, earnings were $4.52 a share. On an adjusted basis and excluding the operations of Honeywell Aerospace, earnings were $1.95 a share.
Analysts polled by FactSet expected adjusted earnings of $1.82 a share.
Net sales including the operations of Honeywell Aerospace climbed 4.3% to $9.72 billion. Excluding the operations of Honeywell Aerospace, net sales climbed 3.4% to $5.19 billion.
Wall Street had modeled quarterly sales of $5.02 billion.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
July 23, 2026 06:57 ET (10:57 GMT)
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