Overview
- The company confirmed the aerospace spinoff will close on June 29, with when-issued trading for the new stock expected to begin about one to two weeks before that date.
- Shareholders will receive one HONA share for every two HON shares they own and the separated aerospace business will use the ticker symbol HONA.
- Honeywell reiterated full-year 2026 consolidated guidance of $38.8 billion to $39.8 billion in revenue and adjusted EPS of $10.35 to $10.65.
- Management published standalone 2026 forecasts showing the aerospace unit near $19.3 billion in revenue with roughly $4.7 billion to $4.9 billion in operating income and the continuing Honeywell Technologies projecting $19.9 billion to $20.2 billion in revenue with $3.95 to $4.15 adjusted EPS.
- The company is reshaping its portfolio through prior and planned deals, including April’s $1.4 billion sale of productivity solutions to Brady and a reduced-price Johnson Matthey Catalyst Technologies acquisition expected to close in the third quarter, actions that management says will position each new company for independent growth and clearer investor valuation.