--- title: "Honeywell Technologies CEO Says Business Is Growing Faster Than Expected" type: "News" locale: "en" url: "https://longbridge.com/en/news/302722693.md" description: "Honeywell Technologies reported Q3 adjusted EPS of $2.27, beating estimates, while revenue slightly missed at $4.994 billion. CEO Vimal Kapur noted organic sales growth exceeded targets across all segments. The company raised its full-year 2026 adjusted earnings forecast to $8.40-$8.45 per share and annual revenue outlook to $20-$20.1 billion, citing strong demand and productivity gains despite a premarket stock dip." datetime: "2026-10-22T13:11:54.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/302722693.md) - [en](https://longbridge.com/en/news/302722693.md) - [zh-HK](https://longbridge.com/zh-HK/news/302722693.md) generator: "portal-rs" --- # Honeywell Technologies CEO Says Business Is Growing Faster Than Expected **Honeywell International Inc.** (NASDAQ:HON) stock traded lower in premarket trading Thursday after the company reported mixed third-quarter results, with adjusted earnings beating Wall Street expectations while revenue fell short of estimates. ## Earnings Beat Estimates, Revenue Falls Short The company, which uses the Honeywell Technologies name following the separation of its aerospace business, reported adjusted earnings of $2.27 per share, beating the $2.17 consensus estimate. Revenue rose 1% year over year to $4.994 billion, missing the $5.007 billion consensus estimate. Organic sales increased 7%, while short-cycle organic orders rose 8%, excluding the businesses divested during the quarter. GAAP earnings per share from continuing operations fell 20% to $2.40, primarily reflecting a one-time gain recorded in the prior-year period. Adjusted earnings rose 34% to $2.27 per share, supported by organic sales growth, higher segment profit and lower net interest expense. CEO **Vimal Kapur** said organic sales growth exceeded the three-year target outlined at the company’s June Investor Day, with all three business segments contributing to the gains. Backlog increased 7% year over year to nearly $19 billion, excluding the impact of the Warehouse and Workflow Solutions (WWS) and Productivity Solutions and Services (PSS) divestitures completed during the quarter. ## Honeywell Technologies Reports Growth Across All Three Segments **Building Automation**: Organic sales rose 8%, driven by an 11% increase in building products revenue amid strong demand for fire and security offerings. Building solutions sales grew 4%, supported by services. Segment margin expanded 30 basis points to 27%, as higher prices and volumes offset inflation. **Process Automation and Technology**: Organic sales increased 8%, led by 14% growth in project sales, particularly in liquefied natural gas and petrochemicals. Aftermarket sales rose 4%, supported by refining demand. However, segment margin contracted 210 basis points to 22.2%, reflecting an unfavorable project mix and the expected impact of the Johnson Matthey Catalyst Technologies acquisition. **Industrial Automation**: Organic sales grew 4%, driven by a 16% increase in solutions revenue, particularly in industrial measurement and utilities. Product sales were flat, as double-digit growth in sensing was offset by delayed utility meter deployments. Segment margin expanded 350 basis points to 18.4%, supported by pricing and productivity improvements. **See More: Top Value Stocks** ## Operating Profit Jumps 79% Honeywell’s operating income surged 79% year over year, while segment profit increased 23%, supported by productivity gains, higher prices and increased volumes. Operating margin expanded 640 basis points to 14.8%, while segment margin improved 370 basis points to 21.3%. Operating cash flow fell 74% to $607 million, primarily reflecting a one-time settlement related to the Resideo termination agreement in the prior-year period. However, free cash flow increased 15% to $688 million, supported by higher operating income and lower capital spending. Free cash flow conversion reached 95%. The company ended September with $5.69 billion in cash and cash equivalents. ## Honeywell Technologies Raises Outlook Honeywell raised its fourth-quarter adjusted earnings forecast to $2.42 to $2.47 per share from $2.28 to $2.43, exceeding analysts’ consensus estimate of $2.41. The company maintained its quarterly revenue outlook of $5 billion to $5.1 billion, below Wall Street’s estimate of $5.15 billion. For full-year 2026, Honeywell increased its adjusted earnings forecast to $8.40 to $8.45 per share from $8.05 to $8.35, topping the $8.30 consensus estimate. The company also raised its annual revenue outlook to $20 billion to $20.1 billion from $19.8 billion to $20 billion. However, the revised range remains slightly below analysts’ estimate of $20.13 billion. **HON Price Action:** Honeywell International shares were down 0.33% at $214.03 during premarket trading on Thursday, according to Benzinga Pro data. *Photo via Shutterstock* **Read Also: Elon Musk Says Tesla Cars' Value Lies in FSD Service: 'People Are Buying FSD With a Car Attached, Not the Other Way Around'** ### Related Stocks - [HON.US](https://longbridge.com/en/quote/HON.US.md) - [HONG.US](https://longbridge.com/en/quote/HONG.US.md) - [REZI.US](https://longbridge.com/en/quote/REZI.US.md) ## Related News & Research - [Why Honeywell International (HON) Is Getting Attention Today](https://longbridge.com/en/news/303028047.md) - [Honeywell International (NASDAQ:HON) Issues Earnings Results](https://longbridge.com/en/news/302731621.md) - [BUZZ-PREVIEW: Honeywell's post spinoff earnings seen dropping 62% y/y](https://longbridge.com/en/news/302598491.md) - [Top Wall Street Forecasters Revamp Honeywell Expectations Ahead Of Q3 Earnings](https://longbridge.com/en/news/302672051.md) - [Wells Fargo Sticks to Its Hold Rating for Honeywell International (HON)](https://longbridge.com/en/news/302741085.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**