Honeywell beats first quarter 2026 EPS estimates on margin expansion but misses on revenue.

Honeywell reported first quarter sales of $9.1 billion, representing 2% organic growth, and an adjusted EPS of $2.45, up 11% from the prior year. While revenue missed analyst expectations, adjusted EPS beat consensus estimates. The company reaffirmed its full-year 2026 outlook alongside an agreement to sell its Warehouse and Workflow Solutions business.

Key Highlights

• Orders grew 7% organically, increasing the company's total backlog to $38.3 billion.
• Segment margin expanded to 23.3%, up from 22.4% year-over-year, driven by pricing actions and productivity.
• Building Automation was a key growth driver with organic sales up 8%, while Process Automation & Technology sales declined 6% organically, citing a slowdown in the Middle East.
• The planned spin-off of Honeywell Aerospace is now expected to be completed on June 29, 2026.