Honeywell International Inc. · NASDAQ:HON
Honeywell International — Investor Presentation (June 2026)
19 slides from Honeywell International's investor presentation, Jun 8, 2026
Slide 1: 2026 Guidance Update
2026 GUIDANCE UPDATE JUNE 8, 2026 MIKE STEPNIAK MARK MACALUSO RAJIV REDDY SENIOR VICE PRESIDENT AND SENIOR VICE PRESIDENT, VICE PRESIDENT, CHIEF FINANCIAL OFFICER INVESTOR RELATIONS FINANCIAL PLANNING & ANALYSIS
Slide 2: Forward Looking Statements; Non-GAAP Financial Measures
FORWARD LOOKING STATEMENTS We describe many of the trends and other factors that drive our business and future results in this presentation. Such discussions contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), in
Slide 3: Key Messages
KEY MESSAGES • Reaffirming 2026 guidance1 ahead of Honeywell Technologies investor day on June 11 - Robust orders growth to date in Q2 - Monitoring Middle East impact in Process Automation & Technology (PA&T), now expected to be $50M - $75M in 2Q - Continued strong demand in Building Automation (BA)
Slide 4: 2026 Segment Outlook Update
2026 SEGMENT OUTLOOK UPDATE 2026 ORGANIC ASSUMPTIONS GROWTH OUTLOOK + Continued strength in Building Automation MSD+ BA + Now expect Industrial Automation ~flat growth (previously down ~LSD) for full year due to continued recovery in Europe and Asia + Expect HSD growth in PA&T in 2H PA&T ~Flat - Tra
Slide 5: Bridge to Honeywell Technologies Guidance
BRIDGE TO HONEYWELL TECHNOLOGIES GUIDANCE 2026 REVENUE SEGMENT ADJ. FREE CASH COMMENTARY PROFIT* EPS* FLOW* Honeywell Guidance • Removing full impact of pension income from adjusted results, ~$39,300M ~$9,000M $10.50 $5,450M Midpoint1 (22.9%) partially offset by removal of full year of Quantinuum re
Slide 6: 2026 Segment Margin and EPS Update
2026 SEGMENT MARGIN AND EPS UPDATE 1 UPDATED SEGMENT MARGIN GUIDANCE UPDATED ADJUSTED EPS GUIDANCE 22.9% (310) bps $10.50 ($0.85) 150 bps (100) bps ~$0.19 ~($5.50) (20) bps 20.1% $3.95 - ~($0.29) ~$0.00 $4.15 2H26: $2.20 - $2.35 1H26: $1.75 - $1.80 2026 Honeywell Impact of Removal of Stranded costs,
Slide 7: 2026 Honeywell Technologies Guidance
2026 HONEYWELL TECHNOLOGIES GUIDANCE PRIOR GUIDANCE 2026 GUIDANCE 2H26 GUIDANCE COMMENTARY (Honeywell International) (Honeywell Technologies) (Honeywell Technologies) • Second quarter on track, including ~$50M - $75M impact to revenue from Middle $38.8B - $39.8B $19.9B - $20.2B $10.1B - $10.3B SALES
Slide 8: Summary
SUMMARY • Reaffirming 2026 guidance ahead of Honeywell Technologies investor day on June 11 • Continue to see strong demand in BA and PA&T with continued recovery in IA short cycle • Providing new guidance framework that dramatically simplifies go forward reporting • Quantinuum successfully began tr
Slide 9: Appendix
Appendix 2026 Guidance Update - June 8, 2026 9
Slide 10: 2026 Inputs and Assumptions
2026 INPUTS AND ASSUMPTIONS 2026 GUIDANCE ASSUMPTIONS HONEYWELL PRIOR GUIDANCE TECHNOLOGIES • Increase in corporate costs in 2026 reflects aerospace Quantinuum ~($300) - stranded costs; expect to eliminate ~75% of stranded costs Stranded cost, net of by end of 2026 - ~($220M) Trademark benefit Corpo
Slide 11: 2026 Guidance Update - June 8, 2026
2026 Guidance Update - June 8, 2026 11
Slide 12: Non-GAAP Financial Measures
Appendix Non-GAAP Financial Measures The following information provides definitions and reconciliations of certain non-GAAP financial measures presented in this presentation to which this reconciliation is attached to the most directly comparable financial measures calculated and presented in accord
Slide 13: Reconciliation of Operating Income to Segment Profit and Adjusted Segment Profit
Reconciliation of Operating Income to Segment Profit and Adjusted Segment Profit, Net Sales to Adjusted Net Sales, Calculation of Segment Profit Margin and Adjusted Segment Profit Margin, on an Overall Honeywell Basis and Excluding Spin-off and Divestiture Impact 2025 2H 2025 Less: Spin-off and Excl
Slide 14: Reconciliation of Operating Income to Segment Profit: Footnotes
Reconciliation of Operating Income to Segment Profit and Adjusted Segment Profit, Net Sales to Adjusted Net Sales, Calculation of Segment Profit Margin and Adjusted Segment Profit Margin, on an Overall Honeywell Basis and Excluding Spin-off and Divestiture Impact 1. Excludes the impacts attributable
Slide 15: Reconciliation of EPS to Adjusted EPS Excluding Spin-off and Divestiture Impact
Reconciliation of EPS To Adjusted EPS Excluding Spin-off and Divestiture Impact 2026E 2H26E Less: Spin-off and Guidance Excluding Divestiture Spin-off and Previous Guidance Impact(1) Divestiture Impact Guidance Earnings per share of common stock from continuing operations - diluted(2) $8.87 - $9.17
Slide 16: Reconciliation of EPS to Adjusted EPS: Footnotes
Reconciliation of EPS To Adjusted EPS Excluding Spin-off and Divestiture Impact 1. Excludes the forecasted earnings attributable to the Aerospace Technologies business, due to the expected spin-off on June 29, 2026, attributable to Quantinuum, due to its initial public offering on June 4, 2026, and
Slide 17: Reconciliation of EPS to Adjusted EPS Excluding Spin-off and Quantinuum Divestiture Impact
Reconciliation of EPS To Adjusted EPS Excluding Spin-off and Quantinuum Divestiture Impact 2025 2H25 Less: Spin-off and Less: Spin-off and Quantinuum Excluding Spin-off Quantinuum Excluding Spin-off Divestiture and Quantinuum Divestiture and Quantinuum As Reported Impact(1) Divestiture Impact As Rep
Slide 18: Reconciliation of EPS to Adjusted EPS: Footnotes
Reconciliation of EPS To Adjusted EPS Excluding Spin-off and Quantinuum Divestiture Impact 1. Excludes the impacts attributable to the Aerospace Technologies business, which is expected to spin-off on June 29, 2026, and attributable to Quantinuum, due to its initial public offering on June 4, 2026.
Slide 19: Reconciliation of Expected Cash from Operations to Free Cash Flow
Reconciliation of Expected Cash Provided by Operating Activities to Expected Free Cash Flow Excluding Spin-off and Divestiture Impact 2026E 2H26E Less: Spin-off and Guidance Excluding Guidance Excluding Divestiture Spin-off and Spin-off and ($B) Previous Guidance Impact(1) Divestiture Impact Divesti
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