Honeywell Reports 6% Q4 Sales Growth and Records $37B Backlog
Honeywell reported Q4 sales of $9.8 billion, up 6% year-over-year, and adjusted segment profit rose 23% to $2.3 billion despite operating income falling 35% to $996 million due to one-time charges. The company booked a record $37 billion backlog and lifted its 2026 sales outlook to $38.8–$39.8 billion.
1. Q4 Financial Performance
Honeywell posted Q4 sales of $9.8 billion, a 6% year-over-year increase, while reported operating income declined 35% to $996 million due to one-time impairment charges and litigation settlements. Adjusted segment profit rose 23% to $2.3 billion driven by Aerospace Technologies and Building Automation.
2. Record Backlog and Segment Strength
The company closed the quarter with a record backlog exceeding $37 billion, reflecting strong demand across aerospace aftermarket, defense, and building automation projects.
3. 2026 Outlook and Spin-off Plan
Honeywell raised its 2026 sales outlook to $38.8–$39.8 billion with 3%–6% organic growth, and forecast adjusted EPS of $10.35–$10.65. Management accelerated the spin-off of Honeywell Aerospace to Q3 2026 as part of its transformation strategy.