Honeywell International Inc.

Strategic review concluded with decision to pursue sale of both Productivity Solutions & Services and Warehouse & Workflow Solutions in 2026. Deal signings expected in Q2. Simplifies Honeywell to three automation end markets.

ESS organic sales declined 7% in Q4, driven by petrochemical catalyst deferrals from overcapacity. Orders momentum in UOP continued with 40%+ growth in refining and petrochemicals projects, signaling gradual 2026 recovery.

2026 EPS guidance of $10.35-$10.65, up 6-9%. Driven by record backlog conversion, disciplined price execution, productivity actions, stranded cost elimination, and 1% share count reduction. Segment margin expansion of 20-60 bps expected.

Quantinuum launched Helios quantum computer doubling qubit count from H2. Filed confidential S-1 for potential IPO. NVIDIA partnership on AI-quantum integration. $100 million incremental investment in 2026.