Snapshot
Honeywell International Inc reported $9.14B of revenue in Q1 2026, up 2.4% year over year, with diluted EPS of $1.29 and an operating margin of 16.2%.
- Revenue
- $9.14B
- YoY growth
- +2.4%
- Diluted EPS
- $1.29
- Operating margin
- 16.2%
$9.14B
Revenue
+2.4%
YoY growth
$1.29
Diluted EPS
16.2%
Operating margin
01 Key takeaways
What management said
- •This morning, we will review our financial results for Q1 of 2026, provide guidance for Q2, and discuss our full year outlook.
- •Orders grew 7% organically on the strength of our Building and Industrial Automation segment, as well as in petrochemical and refining verticals in Process segment.
- •Including the orders growth in Aerospace, we drove backlog to over $38 billion with book-to-bill above 1.1.
- •Sales growth was robust across electronics solutions in Aerospace, fire and aftermarket services in Building Automation, and gas and LNG in Process Automation and Technology, bolstered by our innovation and new product engine.
- •We expanded margins by 90 basis points to over 23%, driven by pricing discipline, productivity, and accelerated stranded cost removal ahead of the Aerospace spin.
- •All of this drove 11% adjusted earnings growth in the quarter, demonstrating the strength and agility of the Honeywell operating system.
- •Despite the strong start of the year, we are taking a prudent approach to our guidance, given the uncertainty surrounding the conflict in the Middle East.
- •We remain confident in our ability to drive accelerating growth in H2 as our backlog supports a pickup in growth in Process Automation and Technology.
- •The future is bright as we set both businesses in gear to thrive with the right strategic focus and capital allocation priorities that will drive value for our customer, employees, and shareholders.
- •In March, we successfully raised $20 billion of aerospace spin financing while delivering strong investment grade credit rating of A3, A-, and BBB+ with a positive outlook from Moody's, Fitch, and S&P respectively.
- •Department of Defense to rapidly increase the production of critical defense technology through a $500 million commitment.
- •This agreement demonstrate the criticality of Honeywell Aerospace to national security interests and supports a multi-billion-dollar revenue opportunity.
SourcesCompany financials · earnings call
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