Honeywell delivered stronger-than-expected Q4 results, with orders up 23% year-over-year and a backlog of $37 billion, covering nearly a full year of projected revenue. The robust order intake underscores demand for its industrial automation solutions and supports margin improvements.

Management announced plans to spin off the Aerospace division by Q3 2026 to sharpen focus on core automation businesses. It raised 2026 adjusted EPS guidance to $10.35–$10.65 and sales estimates to $38.8–$39.8 billion, reflecting at least 6% organic growth and driving 12 analysts to lift their price targets.