Honeywell's post-aerospace spin showed orders up 16% organically and backlog up 9%, but sales grew just 4% as the company transitions to a pure-play automation portfolio. Building Automation rose 9% organically on data center and life sciences demand, while Process Automation sales fell 1% yet orders surged 24% with book-to-bill above 1.2. Management raised full-year organic growth to 4-6% and EPS guidance by 10 cents despite divestitures, closed the £1.325 billion Johnson Matthey Catalyst deal, and reiterated a 24% margin target focused on installed-base services and energy-cycle exposure.

Company: Honeywell International Inc. (HON) — Q2 FY2026

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