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HONEYWELL REAFFIRMS 2026 OUTLOOK AHEAD OF HONEYWELL AEROSPACE SPIN-OFF; INITIATES 2026 OUTLOOK FOR HONEYWELL TECHNOLOGIES

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CHARLOTTE, N.C., June 8, 2026 /PRNewswire/ — Honeywell (NASDAQ: HON) today announced it was reaffirming its full-year 2026 guidance ahead of the planned Honeywell Aerospace spin-off on June 29, 2026. The company also provided a preliminary 2026 outlook for the remaining company post spin, which will conduct business under the name Honeywell Technologies. The company will discuss its latest outlook for 2026 during an investor conference call starting at 8:30 a.m. Eastern Daylight Time today, which precedes its 2026 Investor Day on June 11, 2026.

2026 Outlook
Honeywell continues to expect sales of $38.8 billion to $39.8 billion with organic1 sales growth in the range of 3% to 6%. Segment margin2 is expected to be 22.7% to 23.1%, with segment margin2,5 expansion of 20 to 60 basis points. Adjusted earnings per share3 is expected to be $10.35 to $10.65, up 6% to 9%. The company expects operating cash flow of $4.7 billion to $5.0 billion, while free cash flow1,4 is expected to be $5.3 billion to $5.6 billion, representing growth of 4% to 10% for the full year. A summary of the company’s 2026 guidance can be found below in Table 1.

Honeywell Technologies Guidance Framework
The company also provided a preliminary guidance framework for the company that will remain after the Honeywell Aerospace spin-off, which is expected to be completed on June 29, 2026. This framework excludes full-year expected results for the aerospace segment. The outlook incorporates the impact of the planned divestitures of Productivity Solutions and Services (PSS) and Warehouse and Workflow Solutions, which the company announced it had reached agreements to sell in the second quarter and expects to close by the fourth quarter. The outlook includes estimated results for the Johnson Matthey Catalyst Technologies acquisition, which it announced in May 2025 and expects to close in the third quarter. Finally, the company announced that it intends to make certain changes to the presentation of its adjusted results, including removing the income stemming from an overfunded pension liability and removing the consolidated results of Quantinuum following the June 4 initial public offering. The company believes these changes provide investors with a better basis for evaluating performance going forward.

Considering these updates, Honeywell Technologies expects 2026 sales of $19.9 billion to $20.2 billion with organic1 sales growth in the range of 2% to 3%. Segment margin2 is expected to be 19.8% to 20.3%, with segment margin2 expansion of 220 to 270 basis points. Adjusted earnings per share3 is expected to be $3.95 to $4.15, up 22% to 28%. Finally, the company expects free cash flow1,4 of approximately $2.0 billion. A summary of Honeywell Technologies’ 2026 guidance can also be found below in Table 1.

Table 1: Full-Year 2026 and 2H 2026 Guidance1

Prior Guidance

(Honeywell International)

2026 Guidance

(Honeywell Technologies)

2H 2026 Guidance

(Honeywell Technologies)

Sales

$38.8B – $39.8B

$19.9B – $20.2B

$10.1B – $10.3B

Organic1 Growth

3% – 6%

2% – 3%

3% – 5%

Segment Margin

22.7% – 23.1%

19.8% – 20.3%

20.9% – 21.6%

Expansion

20 – 60 bps5

220 – 270 bps

310 – 380 bps

Adjusted Earnings Per Share3

$10.35 – $10.65

$3.95 – $4.15

$2.20 – $2.35

Adjusted Earnings Growth3

6% – 9%

22% – 28%

   22% – 31%

Operating Cash Flow

$4.7B – $5.0B

 ~$2.1B

 ~$2.3B

Free Cash Flow1,4

          $5.3B – $5.6B

~$2.0B

   ~$1.5B

1

See additional information at the end of this release regarding non-GAAP financial measures.

2

Segment margin and adjusted EPS are non-GAAP financial measures. Management cannot reliably predict or estimate, without unreasonable effort, the impact and timing on future operating results arising from items excluded from segment margin or adjusted EPS. We therefore, do not present a guidance range, or a reconciliation to, the nearest GAAP financial measures of operating margin or EPS.

3

Adjusted EPS and adjusted EPS V% guidance excludes items identified in the non-GAAP reconciliation of adjusted EPS at the end of this release, and any potential future one-time items that we cannot reliably predict or estimate.

4

With respect to historical periods, free cash flow adjusts for capital expenditures, spin-off and separation-related cost payments, Resideo indemnification and reimbursement agreement termination payment, cash payment for settlement of the divestiture of asbestos liabilities, and cash payment for settlement of Flexjet-related litigation matters. With respect to the company’s outlook for 2026, free cash flow adjusts for capital expenditures, spin-off and separation-related cost payments, and cash payment for settlement of Flexjet-related litigation matters.

5

Segment margin expansion as compared to Adjusted segment margin in 2025.

Conference Call and 2026 Investor Day Details
Honeywell will discuss its 2026 guidance during an investor conference call starting at 8:30 a.m. Eastern Daylight Time today. A live webcast of the investor call as well as related presentation materials will be available through the Investor Relations section of the company’s website (www.honeywell.com/investor). A replay of the webcast will be available for 30 days following the presentation. The company will also host a live video webcast of its investor conference which will take place in New York City on Thursday, June 11, 2026. The event will feature presentations and Q&A panels with the management team. A real-time webcast of this presentation and related presentation materials can also be accessed at the company’s website, and a replay of this webcast will be available for 30 days following the presentation.

About Honeywell
Honeywell is an integrated operating company serving a broad range of industries and geographies around the world, with a portfolio that is underpinned by our Honeywell Accelerator operating system and Honeywell Forge platform. As a trusted partner, we help organizations solve the world’s toughest, most complex challenges, providing actionable solutions and innovations for aerospace, building automation, industrial automation, process automation, and process technology that help make the world smarter and safer as well as more sustainable. For more news and information on Honeywell, please visit www.honeywell.com/newsroom.

Honeywell uses our Investor Relations website, www.honeywell.com/investor, as a means of disclosing information which may be of interest or material to our investors and for complying with disclosure obligations under Regulation FD. Accordingly, investors should monitor our Investor Relations website, in addition to following our press releases, SEC filings, public conference calls, webcasts, and social media.

We describe many of the trends and other factors that drive our business and future results in this release. Such discussions contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including statements related to the proposed separation of Honeywell and Honeywell Aerospace and the planned sales of the Productivity Solutions and Services and Warehouse and Workflow Solutions businesses. Forward-looking statements are those that address activities, events, or developments that we or our management intend, expect, project, believe, or anticipate will or may occur in the future. They are based on management’s assumptions and assessments in light of past experience and trends, current economic and industry conditions, expected future developments, and other relevant factors, many of which are difficult to predict and outside of our control, including Honeywell’s current expectations, estimates, and projections regarding the proposed separation of Honeywell and Honeywell Aerospace and the planned sales of the Productivity Solutions and Services and Warehouse and Workflow Solutions businesses. They are not guarantees of future performance, and actual results, developments, and business decisions may differ significantly from those envisaged by our forward-looking statements, including the proposed separation of Honeywell and Honeywell Aerospace and the planned sales of the Productivity Solutions and Services and Warehouse and Workflow Solutions businesses, and the anticipated benefits of each. We do not undertake to update or revise any of our forward-looking statements, except as required by applicable securities law. Our forward-looking statements are also subject to material risks and uncertainties, including ongoing macroeconomic and geopolitical risks, such as changes in or application of trade and tax laws and policies, including the impacts of tariffs and other trade barriers and restrictions, lower GDP growth or recession in the U.S. or globally, supply chain disruptions, capital markets volatility, inflation, and certain regional conflicts, including ongoing conflicts in the Middle East, that can affect our performance in both the near- and long-term. In addition, no assurance can be given that any plan, initiative, projection, goal, commitment, expectation, or prospect set forth in this release can or will be achieved.

These forward-looking statements should be considered in light of the information included in this release, our Form 10-K, and our other filings with the Securities and Exchange Commission. Any forward-looking plans described herein are not final and may be modified or abandoned at any time.

This release contains financial measures presented on a non-GAAP basis. Honeywell’s non-GAAP financial measures used in this release are as follows:

Adjusted net sales; Adjusted net sales excluding spin-off and divestiture impact;Segment profit, on an overall Honeywell basis; Segment profit excluding spin-off and divestiture impact;Adjusted segment profit, on an overall Honeywell basis; Adjusted segment profit excluding spin-off and divestiture impact;Segment profit margin, on an overall Honeywell basis; Segment profit margin excluding spin-off and divestiture impact;Organic sales growth;Free cash flow; Free cash flow excluding spin-off and divestiture impact; andAdjusted earnings per share; Adjusted earnings per share excluding spin-off and Quantinuum divestiture impact; Adjusted earnings per share excluding spin-off and divestiture impact.

Management believes that, when considered together with reported amounts, these measures are useful to investors and management in understanding our ongoing operations and in the analysis of ongoing operating trends. These measures should be considered in addition to, and not as replacements for, the most comparable GAAP measure. Certain measures presented on a non-GAAP basis represent the impact of adjusting items net of tax. The tax-effect for adjusting items is determined individually and on a case-by-case basis. Refer to the Appendix attached to this release for reconciliations of non-GAAP financial measures to the most directly comparable GAAP measures.

Appendix

Non-GAAP Financial Measures

The following information provides definitions and reconciliations of certain non-GAAP financial measures presented in this press release to which this reconciliation is attached to the most directly comparable financial measures calculated and presented in accordance with generally accepted accounting principles (GAAP).

Management believes that, when considered together with reported amounts, these measures are useful to investors and management in understanding our ongoing operations and in the analysis of ongoing operating trends. These measures should be considered in addition to, and not as replacements for, the most comparable GAAP measure. Certain measures presented on a non-GAAP basis represent the impact of adjusting items net of tax. The tax-effect for adjusting items is determined individually and on a case-by-case basis. Other companies may calculate these non-GAAP measures differently, limiting the usefulness of these measures for comparative purposes.

Management does not consider these non-GAAP measures in isolation or as an alternative to financial measures determined in accordance with GAAP. The principal limitations of these non-GAAP financial measures are that they exclude significant expenses and income that are required by GAAP to be recognized in the consolidated financial statements. In addition, they are subject to inherent limitations as they reflect the exercise of judgments by management about which expenses and income are excluded or included in determining these non-GAAP financial measures. Investors are urged to review the reconciliation of the non-GAAP financial measures to the comparable GAAP financial measures and not to rely on any single financial measure to evaluate Honeywell’s business.

As indicated herein, certain forward-looking non-GAAP financial measures are not reconciled because management cannot reliably predict or estimate certain items for the reasons specified herein with respect to each non-GAAP financial measure.

Honeywell International Inc.

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

(Unaudited)

(Dollars in millions)

 

Twelve Months Ended December 31, 2025

As Reported

Less: Spin-off and
Divestiture Impact(1)

Excluding Spin-off and
Divestiture Impact

Operating income

$                5,573

$                  4,268

$                1,305

Stock compensation expense(4)

196

43

153

Repositioning, Other(2),(3)

675

231

444

Amortization of acquisition-related intangibles(6)

570

62

508

Pension and other postretirement service costs(3)

73

16

57

Acquisition-related costs(5)

2

—

2

Indefinite-lived intangible asset impairment(6)

44

—

44

Impairment of goodwill

724

—

724

Impairment of assets held for sale

270

—

270

Segment profit

$                8,127

$                  4,620

$                3,507

Flexjet-related litigation matters

373

373

—

Adjusted segment profit

$                8,500

$                  4,993

$                3,507

Net sales

$              37,442

$                17,527

$              19,915

Flexjet-related litigation matters

312

312

—

Adjusted net sales

$              37,754

$                17,839

$              19,915

Adjusted segment profit

$                8,500

$                3,507

÷ Adjusted net sales

$              37,754

$              19,915

Adjusted segment profit margin

22.5 %

17.6 %

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

2

Includes repositioning, asbestos, environmental expenses, equity income adjustment, and other charges

3

Included in Cost of products and services sold and Selling, general and administrative expenses

4

Included in Selling, general and administrative expenses

5

Included in Other (income) expense. Includes acquisition-related fair value adjustments to inventory and third-party transaction and integration costs.

6

Included in Cost of products and services sold.

Six Months Ended December 31, 2025

As Reported

Less: Spin-off and
Divestiture Impact(1)

Excluding Spin-off
and Divestiture Impact

Operating income

$                2,009

$                  1,955

$                   54

Stock compensation expense(4)

82

21

61

Repositioning, Other(2),(3)

574

228

346

Amortization of acquisition-related intangibles(6)

303

23

280

Pension and other postretirement service costs(3)

46

8

38

Acquisition-related costs(5)

9

—

9

Indefinite-lived intangible asset impairment(6)

44

—

44

Impairment of goodwill

724

—

724

Impairment of assets held for sale

255

—

255

Segment profit

$                4,046

$                  2,235

$                1,811

Flexjet-related litigation matters

373

373

—

Adjusted segment profit

$                4,419

$                  2,608

$                1,811

Net sales

$              19,196

$                  9,034

$              10,162

Flexjet-related litigation matters

312

312

—

Adjusted net sales

$              19,508

$                  9,346

$              10,162

Adjusted segment profit

$                4,419

$                1,811

÷ Adjusted net sales

$               19,508

$               10,162

Adjusted segment profit margin

22.7 %

17.8 %

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

2

Includes repositioning, asbestos, environmental expenses, equity income adjustment, and other charges

3

Included in Cost of products and services sold and Selling, general and administrative expense

4

Included in Selling, general and administrative expenses

5

Included in Other (income) expense. Includes acquisition-related fair value adjustments to inventory and third-party transaction and integration costs.

6

Included in Cost of products and services sold.

We define operating income as net sales less total cost of products and services sold, research and development expenses, selling, general and administrative expenses, impairment of goodwill, and impairment of assets held for sale. We define segment profit, on an overall Honeywell basis, as operating income, excluding stock compensation expense, pension and other postretirement service costs, amortization of acquisition-related intangibles, certain acquisition- and divestiture-related costs and impairments, and repositioning and other charges. We define adjusted segment profit, on an overall Honeywell basis, as segment profit excluding the segment profit impact of the Flexjet-related litigation matters. We define segment profit margin, on an overall Honeywell basis, as segment profit divided by net sales. We define adjusted net sales as net sales less the sales impact of the Flexjet-related litigation matters. Management considers the nature and significance of these litigation matters to be unusual and not indicative of the Company’s ongoing performance. We define adjusted segment profit margin, on an overall Honeywell basis, as adjusted segment profit divided by adjusted net sales. These measures are each shown on an overall Honeywell basis and excluding spin-off and divestiture impacts, which we define as less the respective 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. We believe these measures are useful to investors and management in understanding our ongoing operations and in analysis of ongoing operating trends.

A quantitative reconciliation of operating income to segment profit, on an overall Honeywell basis, has not been provided for all forward-looking measures of segment profit and segment profit margin included herein. Management cannot reliably predict or estimate, without unreasonable effort, the impact and timing on future operating results arising from items excluded from segment profit. The information that is unavailable to provide a quantitative reconciliation could have a significant impact on our reported financial results. To the extent quantitative information becomes available without unreasonable effort in the future, and closer to the period to which the forward-looking measures pertain, a reconciliation of operating income to segment profit will be included within future filings.

Acquisition amortization and acquisition- and divestiture-related costs are significantly impacted by the timing, size, and number of acquisitions or divestitures we complete and are not on a predictable cycle and we make no comment as to when or whether any future acquisitions or divestitures may occur. We believe excluding these costs provides investors with a more meaningful comparison of operating performance over time and with both acquisitive and other peer companies.

Honeywell International Inc.

Reconciliation of Earnings per Share to Adjusted Earnings per Share Excluding Spin-off and Quantinuum Divestiture Impact

(Unaudited)

 

Twelve Months Ended December 31, 2025

As Reported

Less: Spin-off
and
Quantinuum
Divestiture
Impact(1)

Excluding
Spin-off and
Quantinuum
Divestiture
Impact

Earnings per share of common stock from continuing operation – diluted(2)

$         6.94

$         5.19

$         1.75

Pension income(3)

(0.46)

(0.39)

(0.07)

Amortization of acquisition-related intangibles(4)

0.67

0.08

0.59

Acquisition-related costs(5)

0.05

—

0.05

Divestiture-related costs(6)

0.72

0.31

0.41

Indefinite-lived intangible asset impairment(7)

0.07

—

0.07

Impairment of goodwill(8)

1.13

—

1.13

Impairment of assets held for sale(9)

0.32

—

0.32

Loss (gain) on sale of business(10)

0.04

—

0.04

Gain related to Resideo indemnification and reimbursement agreement termination(11)

(1.25)

—

(1.25)

Adjustment to estimated future environmental liabilities(12)

0.25

0.22

0.03

Loss on expected settlement of divestiture of asbestos liabilities(13)

0.17

—

0.17

Flexjet-related litigation matters(14)

0.48

0.48

—

Adjusted earnings per share of common stock from continuing operations – diluted

$         9.13

5.89

$         3.24

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.

2

For the twelve months ended December 31, 2025, adjusted earnings per share utilizes weighted average shares of approximately $642.8 million.

3

For the twelve ended December 31, 2025, pension income as reported was $293 million, net of tax expense of $88 million. For the twelve months ended December 31, 2025, pension income excluding spin-off and Quantinuum divestiture impact was $44 million, net of tax expense of $24 million.

4

For the twelve months ended December 31, 2025, acquisition-related intangibles amortization as reported was $432 million, net of tax benefit of $138 million.  For the twelve months ended December 31, 2025, acquisition-related intangibles amortization excluding spin-off and Quantinuum divestiture impact was $382 million, net of tax benefit of $121 million.

5

For the twelve months ended December 31, 2025, the adjustment for acquisition-related costs, which is principally comprised of third-party transaction and integration costs and acquisition-related fair value adjustments to inventory, is $35 million, net of tax benefit of $10 million.

6

For the twelve months ended December 31, 2025, the adjustment for divestiture-related costs, which is principally comprised of third-party transaction costs, was $460 million as reported, net of tax benefit of approximately $61 million. For the twelve months ended December 31, 2025, divestiture-related costs excluding spin-off and Quantinuum divestiture impact was $261 million, net of tax expense of approximately $31 million.

7

For the twelve months ended December 31, 2025, the impairment charge of indefinite-lived intangible assets associated with the Industrial Automation reportable segment was $44 million, without tax benefit.

8

For the twelve months ended December 31, 2025, the impairment charge of goodwill associated with the Industrial Automation reportable segment was $724 million, without tax benefit.

9

For the twelve months ended December 31, 2025, the impairment charge of assets held for sale was $209 million, net of tax benefit of $61 million.

10

For the twelve months ended December 31, 2025, the adjustment for loss on sale of the personal protective equipment business was $28 million, net of tax benefit of $2 million.

11

For the twelve months ended December 31, 2025, the gain related to the Resideo indemnification and reimbursement agreement termination was $802 million, without tax expense.

12

In the twelve months ended December 31, 2025, the Company enhanced its process for estimating environmental liabilities at sites undergoing active remediation, which led to earlier recognition of the estimated probable liabilities and an increase to estimated environmental liabilities. For the twelve months ended December 31, 2025, the adjustment to increase environmental liabilities as reported was $161 million, net of tax benefit of $50 million. For the twelve months ended December 31, 2025, the adjustment to increase environmental liabilities excluding spin-off and Quantinuum divestiture impact was $22 million, net of tax benefit $7 million.

13

For the twelve months ended December 31, 2025, the adjustment for loss on settlement of divestiture of asbestos liabilities was $112 million, net of tax benefit of $36 million.

14

For the twelve months ended December 31, 2025, the adjustment for the Flexjet-related litigation matters was $302 million, net of tax benefit of $71 million. Management considers the nature and significance of these litigation matters to be unusual and not indicative of the Company’s ongoing performance.

Six Months Ended December 31, 2025

As Reported

Less: Spin-off
and
Quantinuum
Divestiture
Impact(1)

Excluding
Spin-off and
Quantinuum
Divestiture
Impact

Earnings per share of common stock from continuing operation – diluted(2)

$         2.80

$         2.11

$         0.69

Pension income(3)

(0.19)

(0.21)

0.02

Amortization of acquisition-related intangibles(4)

0.36

0.03

0.33

Acquisition-related costs(5)

0.05

—

0.05

Divestiture-related costs(6)

0.61

0.37

0.24

Indefinite-lived intangible asset impairment(7)

0.07

—

0.07

Impairment of goodwill(8)

1.13

—

1.13

Impairment of assets held for sale(9)

0.32

—

0.32

Loss (gain) on sale of business

—

—

—

Gain related to Resideo indemnification and reimbursement agreement termination(10)

(1.25)

—

(1.25)

Adjustment to estimated future environmental liabilities(11)

0.25

0.22

0.03

Loss on expected settlement of divestiture of asbestos liabilities(12)

0.17

—

0.17

Flexjet-related litigation matters(13)

0.48

0.48

0.00

Adjusted earnings per share of common stock from continuing operations – diluted

$         4.80

$         3.00

$         1.80

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

2

For the six months ended December 31, 2025, adjusted earnings per share utilizes weighted average shares of approximately $640.8 million.

3

For the six months ended December 31, 2025, pension income as reported was $120 million, net of tax expense of $36 million. For the six months ended December 31, 2025, pension expense excluding spin-off and Quantinuum divestiture impact was $16 million, net of tax expense of $6 million.

4

For the six months ended December 31, 2025, acquisition-related intangibles amortization as reported was $230 million, net of tax benefit $73 million. For the six months ended December 31, 2025, acquisition-related intangibles amortization excluding spin-off and Quantinuum divestiture impact was $210 million, net of tax benefit $67 million.

5

For the six months ended December 31, 2025, the adjustment for acquisition-related costs, which is principally comprised of third-party transaction and integration costs and acquisition-related fair value adjustments to inventory, is $30 million, net of tax benefit of $9 million.

6

For the six months ended December 31, 2025, divestiture-related costs as reported was $393 million, net of tax benefit of approximately $59 million. For the six months ended December 31, 2025, divestiture-related costs excluding spin-off and Quantinuum divestiture impact was $154 million, net of tax benefit of approximately $28 million.

7

For the six months ended December 31, 2025, the impairment charge of indefinite-lived intangible assets associated with the Industrial Automation reportable segment was $44 million, without tax benefit.

8

For the six months ended December 31, 2025, the impairment charge of goodwill associated with the Industrial Automation reportable segment was $724 million, without tax benefit.

9

For the six months ended December 31, 2025, the impairment charge of assets held for sale was $209 million, net of tax benefit of $61 million.

10

For the six months ended December 31, 2025, the gain related to the Resideo indemnification and reimbursement agreement termination was $802 million, without tax expense.

11

In the six months ended December 31, 2025, the Company enhanced its process for estimating environmental liabilities at sites undergoing active remediation, which led to earlier recognition of the estimated probable liabilities and an increase to estimated environmental liabilities. For the six months ended December 31, 2025, the adjustment to increase environmental liabilities as reported was $161 million, net of tax benefit of $50 million. For the six months ended December 31, 2025, the adjustment to increase environmental liabilities excluding spin-off and Quantinuum divestiture impact was $22 million, net of tax benefit $7 million.

12

For the six months ended December 31, 2025, the adjustment for loss on settlement of divestiture of asbestos liabilities was $112 million, net of tax benefit of $36 million.

13

For the six months ended December 31, 2025, the adjustment for the Flexjet-related litigation matters was $302 million, net of tax benefit of $71 million. Management considers the nature and significance of these litigation matters to be unusual and not indicative of the Company’s ongoing performance.

We define adjusted earnings per share as diluted earnings per share from continuing operations adjusted to exclude various charges as listed above. We define adjusted earnings per share excluding spin-off and Quantinuum divestiture impact as adjusted earnings per share less impact of adjusted earnings per share 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. We believe these measures are useful to investors and management in understanding our ongoing operations and in analysis of ongoing operating trends.

Honeywell International Inc.

Reconciliation of Earnings per Share to Adjusted Earnings per Share Excluding Spin-off and Divestiture Impact

(Unaudited)

 

Twelve Months Ended December 31, 2026(E)

Six Months
Ended
December 31,
2026(E)

Previous
Guidance

Less: Spin-off
and Divestiture
Impact(1)

Guidance
Excluding Spin-
off and
Divestiture
Impact

Guidance

Earnings per share of common stock from continuing operation – diluted(2)

$8.87 – $9.17

$5.98-$6.08

$2.89 – $3.09

$1.84 – $1.99

Pension income(3)

No Forecast

No Forecast

No Forecast

No Forecast

Amortization of acquisition-related intangibles(4)

0.75

0.11

0.64

0.32

Acquisition-related costs(5)

0.05

—

0.05

0.02

Divestiture-related costs

No Forecast

No Forecast

No Forecast

No Forecast

Debt restructuring costs(6)

0.36

—

0.36

—

ERP implementation costs(7)

0.02

—

0.02

0.02

Impairment of assets held for sale(8)

0.31

0.31

—

—

Loss (gain) on sale of business(9)

(0.01)

—

(0.01)

—

Adjusted earnings per share of common stock from continuing operations – diluted

$10.35 – $10.65

$6.40 – $6.50

$3.95 – $4.15

$2.20 – $2.35

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 attributable to Productivity Solutions and Services and Warehouse and Workflow Solutions 2H26, which is expected to be sold during the second half of 2026.

2

For the twelve and six months ended December 31, 2026, expected earnings per share utilizes weighted average shares of approximately 639 million.

3

Beginning second quarter 2026, we will exclude the full amount of pension income, including the related tax effects, from adjusted earnings per share. Prior to the second quarter 2026, we excluded only pension mark-to-market expense, including the related tax effects, from adjusted earnings per share.

4

For the twelve months ended December 31, 2026, expected acquisition-related intangibles amortization excluding spin and divestiture impact includes approximately $480 million, net of tax benefit of approximately $115 million. For the twelve months ended December 31, 2026, expected adjusted acquisition-related intangibles amortization includes $405 million, net of tax benefit of approximately $95 million. For the six months ended December 31, 2026, expected acquisition-related intangibles amortization includes approximately $205 million, net of tax benefit of approximately $45 million.

5

For the twelve months ended December 31, 2026, the expected adjustment for acquisition-related costs, which is principally comprised of third-party transaction and integration costs and acquisition-related fair value adjustments to inventory, is approximately $35 million, net of tax benefit of approximately $10 million. For the six months ended December 31, 2026, the expected adjustment for acquisition-related costs, which is comprised of third-party transaction and integration costs, is approximately $10 million, without tax benefit.

6

For the twelve months ended December 31, 2026, the expected adjustment for debt restructuring costs is $230 million, net of tax benefit of $70 million.

7

For the twelve months ended December 31, 2026, the expected adjustment for ERP implementation costs is approximately $15 million, net of tax benefit of approximately $5 million. For the six months ended December 31, 2026, the expected adjustment for ERP implementation costs is approximately $10 million, without tax benefit.

8

For the twelve months ended December 31, 2026, the expected impairment charge of assets held for sale is $200 million, net of tax benefit of $63 million.

9

For the twelve months ended December 31, 2026, the expected gain on sale of personal protection equipment business is $5 million, net of tax expense of $1 million.

We define adjusted earnings per share as diluted earnings per share from continuing operations adjusted to exclude various charges as listed above. We define adjusted earnings per share excluding spin-off and divestiture impact as adjusted earnings per share less impact of adjusted earnings per share attributable to the Aerospace Technologies business, attributable to Quantinuum, and attributable to the Productivity Solutions and Services and Warehouse and Workflow Solutions businesses, which are held for sale. We believe these measures are useful to investors and management in understanding our ongoing operations and in analysis of ongoing operating trends.

For forward-looking information, management cannot reliably predict or estimate, without unreasonable effort, pension income or the divestiture-related costs. Pension income is dependent on macroeconomic factors, such as interest rates and the return generated on invested pension plan assets. The divestiture-related costs are subject to detailed development and execution of separation restructuring plans for the announced separation of Honeywell from Honeywell Aerospace and sales of Productivity Solutions and Services and Warehouse and Workflow Solutions. We therefore do not include an estimate for pension income or divestiture-related costs. Based on economic and industry conditions, future developments, and other relevant factors, these assumptions are subject to change.

Acquisition amortization and acquisition- and divestiture-related costs are significantly impacted by the timing, size, and number of acquisitions or divestitures we complete and are not on a predictable cycle and we make no comment as to when or whether any future acquisitions or divestitures may occur. We believe excluding these costs provides investors with a more meaningful comparison of operating performance over time and with both acquisitive and other peer companies.

We define adjusted income before taxes as income before taxes from continuing operations adjusted for items presented above. We define adjusted income tax expense as income tax expense adjusted for tax impact of items presented above. We define adjusted effective tax rate as adjusted income tax expense divided by adjusted income before taxes.

We believe that adjusted effective tax rate is a non-GAAP measure that is useful to investors and management as an ongoing representation of our tax rate excluding one-off and unusual transactions. This measure can be used to evaluate our tax rate on our recurring operations. For forward looking information, we do not provide effective tax rate guidance on a GAAP basis as management cannot reliably predict or estimate, without unreasonable effort, the pension mark-to-market expenses and other one-off and unusual transactions.

Honeywell International Inc.

Reconciliation of Cash Provided by Operating Activities to Free Cash Flow Excluding Spin-off and Divestiture Impact

(Unaudited)

(Dollars in millions)

 

Twelve Months Ended December 31, 2026 (E)

Six Months
Ended
December 31,
2026(E)

Previous
Guidance

Less: Spin-
off and
Divestiture
Impact(1)

Guidance
Excluding
Spin-off and
Divestiture
Impact

Guidance

Cash provided by operating activities from continuing operations

~$4.4 – $4.7

~(2.4)

~$2.0 – $2.3

$2.2 – $2.4

Capital expenditures

~(1.3)

~0.7

~(0.6)

~(1.0)

Spin-off and separation-related cost payments

~1.8

~(1.4)

~0.4

~0.2

Settlement of Flexjet-related litigation matters

~0.4

~(0.4)

—

—

Free cash flow

~$5.3 – $5.6

~$3.5

~$1.8 – $2.1

~$1.4 – $1.6

1

The forecasted cash flows attributable to the Aerospace Technologies business are excluded due to the expected spin-off on June 29, 2026. The forecasted cash flows attributable to Productivity Solutions and Services and Warehouse and Workflow Solutions are excluded due to divestitures expected to close during the second half of 2026. The forecasted cash flows attributable to Quantinuum are excluded due to its initial public offering on June 4,2026.

We define free cash flow as cash provided by operating activities from continuing operations less cash for capital expenditures and excluding spin-off and separation-related cost payments and the cash payment for settlement of Flexjet-related litigation matters. We define free cash flow excluding spin-off and divestiture impact as free cash flow less free cash flow attributable to the Aerospace Technologies business, which is expected to spin-off on June 29, 2026, attributable to the Productivity Solutions and Services and Warehouse and Workflow Solutions businesses, which are held for sale, and attributable to Quantinuum, due to its initial public offering on June 4, 2026.

We believe that free cash flow and free cash flow excluding spin-off and divestiture impact are non-GAAP measures that are useful to investors and management as a measure of cash generated by operations that will be used to repay scheduled debt maturities and can be used to invest in future growth through new business development activities or acquisitions, pay dividends, repurchase stock, or repay debt obligations prior to their maturities. These measures can also be used to evaluate our ability to generate cash flow from operations and the impact that this cash flow has on our liquidity.

Contacts:

 

Media

Investor Relations

Stacey Jones

Mark Macaluso

(980) 378-6258

(704) 627-6118

stacey.jones@honeywell.com

mark.macaluso@honeywell.com

View original content:https://www.prnewswire.com/news-releases/honeywell-reaffirms-2026-outlook-ahead-of-honeywell-aerospace-spin-off-initiates-2026-outlook-for-honeywell-technologies-302793436.html

SOURCE Honeywell

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Technology

IFS Reports Strong H1 2026 Growth as Customers Scale Industrial AI Adoption

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July 28, 2026

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H1 2026 highlights

Annual Recurring Revenue (ARR): 25% YoY growthCloud Revenue: 24% YoY growthRecurring Revenue Mix: 84% of total revenue

LONDON, England, July 28, 2026 /PRNewswire/ — IFS, the leading provider of Industrial AI software, delivered 25% year-on-year ARR growth in H1 2026, demonstrating customers increasingly adopting and scaling Industrial AI across their operations. The results reflect strong revenue growth, customer expansion, and rising demand for AI-powered solutions that deliver measurable outcomes.

Increased adoption of industry-specific AI use cases is a key driver of IFS’s continued growth, as more industrial organizations seek to apply AI to complex operational challenges across manufacturing, asset maintenance, supply chain, field service and warehouse operations. IFS is helping to deploy AI in real-world operational environments, generating tangible improvements in productivity, efficiency, and decision-making.

Innovation driving customer outcomes

IFS expanded its Industrial AI capabilities during H1 2026, including: 

IFS Nexus Black’s Resolve: Transforms field service operations globally using AI to predict faults and reduce downtime, enabling busy technicians to resolve issues faster.IFS Zero: Reduces emissions data collection effort by up to 30%.IFS Loops Agentic Platform: Enables enterprises to create and deploy AI-powered Digital Workers, with 60% of agentic transactions fully automated. 

Leading industrial organizations including Coca-Cola, China Airlines, Drydocks World, First Solar, Flynn Canada, JVCKENWOOD, Kodiak Gas Services, Miele, ShinMaywa Industries, The Waldinger Corporation and William Grant & Sons selected IFS in H1 2026 to support critical operational workflows.

Strengthening supply chain execution capabilities

The March 2026 acquisition of Softeon enhanced IFS’s warehouse management and supply chain execution proposition at a critical time, as industrial organizations face increased supply chain volatility.

Expanding the Industrial AI ecosystem

IFS is building an interconnected Industrial AI ecosystem spanning industrial leaders, technology innovators,  systems integrators, analysts, and research organizations. Strategic partnerships with Siemens, AVEVA, and NEC link engineering, operational, and enterprise intelligence. Collaborations with frontier AI providers, specialist partners, MIT CISR, and systems integrators accelerate cutting-edge capability into the platform.

These relationships enable customers to move beyond accessing asset data, to acting on it – making sharper decisions and driving stronger productivity, greater resilience, and better returns across the asset lifecycle.

Mark Moffat, CEO of IFS, said: “Customers are scaling AI across operations onto the factory floor, into the warehouse, and out in the field. As measurable business value is returned, Industrial AI is becoming a clear source of competitive advantage and customers are expanding their use of IFS solutions. Our H1 results reflect the market inflection point we’re now seeing.”

Ryan Courson, Chief Financial Officer of IFS, said: “H1 2026 demonstrates strong execution across all lines of business. With 25% ARR growth, our numbers reflect how deeply customers are scaling AI into operations. These results reinforce the resilience of our business model and our track record of profitable growth.”

Continued industry recognition reinforces IFS leadership

IFS was recognized as a Leader in the 2026 IDC MarketScape: Worldwide Manufacturing AI-Enabled Asset-Intensive Enterprise Asset Management Applications Vendor Assessment (#US54250726, February 2026).

Micky North Rizza, Group Vice-President at IDC: “The first half of 2026 highlights accelerating momentum in the industrial software market, with AI becoming embedded in operational workflows rather than isolated use cases. Growth in recurring revenue and cloud adoption underscores how organizations are prioritizing platforms capable of supporting complex, asset-intensive environments. This positions IFS strongly as enterprises look to scale AI-driven outcomes in a disciplined, value-focused way.”

Positioned for sustained progress in H2 2026

IFS enters H2 2026 well positioned for sustained growth, with continued demand for Industrial AI, strong recurring revenue performance, and ongoing platform investment. The company will showcase its latest innovations at IFS Unleashed(Opens in a new tab) in October 2026.

This information was brought to you by Cision http://news.cision.com

CONTACT:

IFS Press Contacts:
EUROPE / MEA / APJ: Adam Gillbe
IFS, Director of Corporate & Executive Communications
Email: adam.gillbe@ifs.com(Opens in a new tab)

NORTH AMERICA / LATAM: Mairi Morgan
IFS, Director of Corporate & Executive Communications
Email: mairi.morgan@ifs.com(Opens in a new tab)

View original content:https://www.prnewswire.com/apac/news-releases/ifs-reports-strong-h1-2026-growth-as-customers-scale-industrial-ai-adoption-302836619.html

SOURCE IFS

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Elevate Your Wealth Academy Opens Strategy Calls for Investors Seeking a Clearer Path Into Multifamily Real Estate

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July 28, 2026

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Personalized education-focused conversations are designed to help aspiring and passive investors understand where they are, what they need to learn, and which multifamily investing path may fit their goals

DALLAS, July 28, 2026 /PRNewswire/ — Elevate Your Wealth Academy, an investor education platform focused on multifamily real estate investing and syndication training, has opened strategy calls for individuals seeking a clearer, more structured path into multifamily real estate.

Strategy Calls Help Investors Find Their Multifamily Path

The strategy calls are designed for aspiring investors, passive investors, and real estate professionals who are interested in multifamily investing but want more clarity before deciding their next step. These conversations give prospective students an opportunity to discuss their goals, current experience level, investment knowledge, and areas where they may need additional education or support.

As more individuals explore multifamily real estate as a potential path toward long-term wealth building, many are discovering that interest alone is not enough. Understanding how multifamily deals are structured, how to evaluate risk, how sponsors operate, and how investment decisions are made requires practical education and a clear framework.

Elevate Your Wealth Academy created the strategy call process to help prospective students identify where they are in their investing journey and determine which educational path may best support their goals.

“Many people want to get involved in multifamily real estate, but they are not always sure where to start,” said Jorge Abreu, Founder of Elevate Your Wealth Academy. “Some are trying to understand passive investing. Others want to learn how to evaluate deals, raise capital, or eventually become operators. The purpose of these strategy calls is to help people get clarity before they take the next step.”

During the strategy call, prospective students can discuss topics such as:

Their current real estate or investing experienceTheir short-term and long-term multifamily investing goalsWhether they are more aligned with passive investing, active investing, or operator-level educationThe knowledge gaps that may be holding them backHow to evaluate multifamily opportunities with greater confidenceWhich Elevate Your Wealth Academy program may be the best fit

The strategy calls are intended for individuals who are serious about learning multifamily investing and want guidance on which educational path makes the most sense based on their background, goals, and timeline.

Elevate Your Wealth Academy offers educational resources and training programs designed to help investors move from confusion to confidence. Its programs support different levels of investor readiness, from individuals who are new to multifamily syndication to those who want a more structured, hands-on path toward active investing.

The Academy’s educational approach focuses on practical, real-world concepts, including deal evaluation, underwriting assumptions, market fundamentals, sponsor credibility, capital structure, investor communication, and long-term wealth-building strategy.

“Multifamily investing can feel overwhelming when someone is trying to figure it out alone,” Abreu added. “A strategy call helps us understand what they are trying to accomplish and whether our training, tools, and community are the right fit to help them move forward.”

The opening of strategy calls is part of Elevate Your Wealth Academy’s broader mission to make multifamily investing education more accessible, structured, and actionable for investors at different stages of their journey.

Individuals interested in exploring whether Elevate Your Wealth Academy is the right fit for their multifamily investing goals can schedule a strategy call at:

[www.elevateyourwealthacademy.com/strategy-call]

About Elevate Your Wealth Academy

Elevate Your Wealth Academy is an investor education platform created to help aspiring and passive investors learn the fundamentals of multifamily real estate investing and syndication. Led by Jorge Abreu and the Elevate team, the Academy provides practical training, resources, and support designed to help investors understand deal evaluation, risk assessment, sponsor due diligence, capital structure, and long-term wealth-building strategies through multifamily real estate.

The Academy supports investors at different stages of their journey, including those seeking foundational education, passive investing knowledge, active investor development, and mentorship-based guidance.

For more information, visit [www.elevateyourwealthacademy.com].

Media Contact

Cecelia Zimmermann
Elevate Your Wealth Academy
Email: info@elevateyourwealthacademy.com
Website: [www.elevateyourwealthacademy.com]

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SOURCE Elevate Your Wealth Academy

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VIDA SHOES INTERNATIONAL, INC. ACQUIRES DONALD PLINER®

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July 28, 2026

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Acquisition strengthens Vida’s growing portfolio of premium footwear brands and reinforces its leadership in the fashion-comfort market

NEW YORK, July 28, 2026 /PRNewswire/ — Vida Shoes International, Inc. (www.vidagroup.com), a leader in the women’s, children’s and men’s footwear industry with Sunrise Brands, proudly announced that it has acquired the Donald Pliner® brand, including all associated intellectual property and brand assets. The transaction officially closed on July 20, 2026.

The acquisition marks another significant milestone in Vida’s continued growth strategy and further expands its portfolio of premium footwear brands. Donald Pliner® joins Vida’s family of brands as the company continues to strengthen its position within the fashion-comfort footwear category.

Donald Pliner® is recognized as one of the industry’s most respected footwear brands, known for its distinctive design, premium craftsmanship and loyal consumer following. The brand has maintained consistent distribution and strong brand equity, making it a natural fit within Vida’s expanding portfolio.

“For more than 52 years, Vida has specialized in developing, manufacturing, marketing and distributing footwear,” said Solomon Dabah, President of Vida Shoes International, Inc. “Donald Pliner is an iconic brand with tremendous heritage, strong consumer recognition and significant growth potential. Its premium positioning and loyal customer base align perfectly with our expertise and long-term vision. We believe Donald Pliner has all the ingredients necessary to become an even stronger force in the fashion-comfort marketplace.”

The acquisition supports Vida’s long-term strategy of building a balanced portfolio of both owned and licensed brands. By combining Donald Pliner®’s established market position with Vida’s global development capabilities, technical expertise, financial resources, marketing expertise and longstanding retail relationships, the company sees significant opportunities to accelerate future growth.

In the near term, Vida’s focus will remain on supporting and strengthening the existing Donald Pliner® business while preserving the brand’s identity and premium positioning. The current product assortment will continue, with future investments centered on innovative materials, advanced construction techniques, enhanced product development, digital commerce initiatives and increased consumer engagement.

“We have tremendous respect for the Donald Pliner team and everything they have accomplished rebuilding the brand,” said Gabriel Safdeye, Senior Vice President of Vida Shoes International, Inc. “Our goal is to provide additional resources, infrastructure and expertise that will accelerate growth while remaining true to the brand’s DNA. We look forward to working closely together and building on the strong foundation already in place.”

“Having led Donald Pliner for the past six years, I have seen firsthand the strength of this brand, the talent of this team, and the loyalty of our customers,” said Griffin Guez, CEO of Donald Pliner®. “We worked hard to rebuild and elevate what Donald Pliner stands for, and I couldn’t be more proud of what we accomplished together. I want to especially recognize Jonathan Guez, whose leadership of our e-commerce division meaningfully strengthened the brand’s digital presence and consumer reach. Seeing the brand join Vida’s portfolio is tremendously exciting. Vida’s proven record in the footwear industry, deep expertise and exceptional team make them the ideal home for the future of Donald Pliner. I look forward to their continued success.”

Donald Pliner® currently enjoys distribution through a strong network of premier department stores, specialty retailers and digital partners. Vida intends to maintain those valued retail relationships while thoughtfully expanding distribution through strategic partnerships that preserve the brand’s premium positioning.

The company also expressed its appreciation to the Vida team, recognizing that this milestone reflects years of dedication across the organization.

“This acquisition would not have been possible without the incredible people of Vida,” Dabah added. “Every division across our company has contributed to the strength of our business through hard work, resilience and an unwavering commitment to excellence. Our talented associates and leadership team have built the foundation that allows us to continue investing in exceptional brands and growing our portfolio. I want to sincerely thank every member of the Vida family for helping make this exciting new chapter possible.”

Looking ahead, Vida envisions elevating Donald Pliner® into one of the leading fashion-comfort footwear brands by investing in product innovation, consumer awareness, digital growth and strategic distribution while remaining true to the qualities that have made the brand successful for decades.

ABOUT VIDA SHOES INTERNATIONAL, INC.
Vida Shoes International, Inc. designs, manufactures, markets and distributes fashion-forward and outdoor adventure footwear for women, men and children. In addition to marketing products under its own brands including Jambu®, JBU®, J Sport®, Aquatalia®, Andre Assous® and Munro®, Vida is a licensee of various brands, including BCBG®, Bruno Magli®, Splendid®, Kenneth Cole®, Stride Rite®, Carter’s®, Merrell® Kids, Saucony® Kids, Kurt Geiger® and OshKosh B’Gosh®. Vida also designs and manufactures products under private labels brands for various retailers. Vida’s wholesale distribution includes department stores, independent retailers, specialty stores, national chains and mass merchants. Vida supports direct to consumer ecommerce for Stride Rite®, Merrell Kids®, Saucony® Kids, Jambu®, JBU®, J Sport®, Bruno Magli®, Aquatalia®, Andre Assous® and Munro®. Learn more at www.vidagroup.com.

ABOUT DONALD PLINER®

Founded in 1989, Donald Pliner is a premium footwear brand known for blending distinctive design, exceptional comfort, and quality craftsmanship. Offering a collection of women’s and men’s footwear, the brand is recognized for innovative materials, thoughtful details, and versatile styles that balance fashion with everyday wearability. Donald Pliner is distributed through premier department stores, specialty retailers, select digital partners, and its direct-to-consumer channels.

View original content:https://www.prnewswire.com/news-releases/vida-shoes-international-inc-acquires-donald-pliner-302836621.html

SOURCE Vida Shoes International

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