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08:30
Jul 23 ◎

HON FY2026 Q2 Watch

Honeywell International Inc. (HON) FY2026 Q2 Earnings Call

XOM GOOGL EQIX DUK ▾

Vimal Kapur

Exxon is cited as a key customer/partner, validating Honeywell's positioning in energy verticals; no specific demand signal for Exxon itself.

"Guests also heard directly from our leading customers and partners, including Exxon, Tengote, Google, Equinix, Duke Energy, and others"

XOM WATCH

Vimal Kapur

Google is a named customer/partner, indicating Honeywell's relevance in data center and AI-related automation; no incremental financial signal.

"Guests also heard directly from our leading customers and partners, including Exxon, Tengote, Google, Equinix, Duke Energy, and others"

GOOGL WATCH

Vimal Kapur

Equinix is a customer/partner, reflecting Honeywell's push into data center verticals; no specific order or revenue disclosure.

"Guests also heard directly from our leading customers and partners, including Exxon, Tengote, Google, Equinix, Duke Energy, and others"

EQIX WATCH

Vimal Kapur

Duke Energy is a named customer, consistent with Honeywell's presence in energy and grid automation; no transactional detail.

"Guests also heard directly from our leading customers and partners, including Exxon, Tengote, Google, Equinix, Duke Energy, and others"

DUK WATCH

HIGH

08:30
Apr 23 ◎

HON FY2026 Q1 Watch

Honeywell International Inc. (HON) FY2026 Q1 Earnings Call

HON BRC ▾

Mike Stepniak

Management exceeded expectations in Q1 but is holding full-year guidance flat due to Middle East uncertainty and supply chain headwinds, reflecting cautious optimism with no upward revision.

"While we outperformed our expectations in the first quarter, the ongoing geopolitical situation warrants prudence. And we are therefore maintaining our full-year segment margin guidance of 22.7% to 23.1%."

HON WATCH

Vimal Kapoor

Brady Corporation is acquiring Honeywell's productivity solutions and services business, a divestiture that simplifies Honeywell's portfolio ahead of its aerospace spin-off.

"We announced we signed agreement to sell productivity solution and services to Brady Corporation and warehouse and workflow business to American industrial partners into all cash transactions."

BRC WATCH

HIGH

08:30
Jan 29 ◎

HON FY2025 Q4 Watch

Honeywell International Inc. (HON) FY2025 Q4 Earnings Call

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Vimal Kapur

Management expressed confidence in 2026 guidance driven by record backlog, price execution, and portfolio simplification; tone is optimistic despite some headwinds in short-cycle and catalyst demand.

"We are pleased with our strong finish to 2025 with adjusted sales and adjusted earnings per share exceeding the high end of our guidance range. This performance underscores the resilience of our business model and highlights the growing"

HON WATCH

Vimal Kapur

NVIDIA's partnership with Quantinium positions both companies at the forefront of quantum-AI convergence, potentially driving demand for NVIDIA's hardware in quantum computing applications.

"Continuum also announced a partnership to integrate Helios with Nvidia's AI supercomputing technology to create powerful new architecture that can solve the world's most pressing challenges."

NVDA WATCH

Vimal Kapur

JPMorgan is leveraging Quantinium's quantum technology for cybersecurity and encryption, signaling increasing institutional adoption of quantum computing.

"Close collaborative with shareholders such as Quanta, NVIDIA, JP Morgan, Amgen, and Mitsui have led to new commercial partnerships that are supporting the development of critical applications for improving drug discovery, cybersecurity,"

JPM WATCH

Vimal Kapur

Amgen is collaborating with Quantinium on drug discovery applications, highlighting quantum computing's potential in pharma R&D.

AMGN WATCH

Vimal Kapur

Mitsui's involvement as a shareholder and partner suggests industrial applications of quantum computing in Japan and broader Asia.

MITSY WATCH

Mike Stepniak

Honeywell is pursuing acquisition of Johnson Matthey's Catalyst Technologies business, which would strengthen its position in catalyst and process technology.

"does not incorporate the pending acquisition on Johnson & Matty's Catalyst Technologies business"

JMAT.L WATCH

Mike Stepniak

The Bombardier agreement was a one-time boost in 2024; its exclusion shows underlying organic growth is lower, indicating no sustained demand from Bombardier beyond that.

"Sales grew 11% organically, or 6% excluding the impact of the 2024 Bombardier Agreement"

BBD.B WATCH

Vimal Kapur

Aerospace supply chain constraints are largely resolved; Honeywell is 'close to PO now, hardly with any past due' indicating capacity has improved and volume can scale. — Improved delivery performance means aerospace OEMs and aftermarket can expect fewer delays, potentially boosting their own production rates and margins.

"we are close to PO now, hardly with any past due, which shows that we have ability to meet their needs of the volume they are looking for."

RTX WATCH GE WATCH

Mike Stepniak

Catalyst shipments in petrochemicals have been delayed due to overcapacity, but 'can only be deferred for a period of time' suggesting pent-up demand that will eventually materialize. — If deferrals reverse, Honeywell's UOP business (energy and sustainability) could see a sharp uptick in catalyst orders, benefiting suppliers to the petrochemical industry.

"Catalyst shipments can be temporarily delayed in the short term, but are ultimately necessary for our customers to maintain yields. And those can only be deferred for a period of time."

ALB WATCH LYB WATCH

Vimal Kapur

Data center exposure in building automation is becoming material, now exceeding 5% of revenue, up from near zero a couple years ago. — Honeywell's growing data center revenue indicates strong demand for BMS, fire safety, and security in hyperscale facilities, which is a positive read for other data-center-infrastructure suppliers.

"data center overall position of Honeywell in building automation is becoming slowly material. We are inching towards that becoming greater than 5% of our revenue. Think about it, that number was zero a couple of years back."

VRT WATCH NVT WATCH

HIGH

08:30
Oct 23 ◎

HON FY2025 Q3 Watch

Honeywell International Inc. (HON) FY2025 Q3 Earnings Call

GD NVDA HON REZI BA ▾

Vimal Kapoor

Gulfstream's selection of Honeywell for the new G300 platform indicates progress in the business jet market, potentially expanding Honeywell's aftermarket revenue and reinforcing Gulfstream's product pipeline.

"Gulfstream recently announced that Honeywell's engines and avionics will power its new super midsize G300 business jet platform"

GD WATCH

Vimal Kapoor

Nvidia's investment in Quantinuum signals a deepening partnership in quantum computing, potentially accelerating Nvidia's quantum software/hardware ecosystem and providing credibility for Quantinuum's roadmap.

"collaboration with new shareholders such as Quanta and Nvidia, in addition to others like JP Morgan, Amgen, and Mitsui"

NVDA WATCH

Mike Stepniak

Management raised full-year guidance for the third time, underpinned by strong order growth (22% YoY) and acceleration in organic sales (6% in Q3). Despite some margin headwinds in ESS and IA, the overall tone is confident about 2026 margin expansion.

"We are taking up full year organic sales growth guidance by 150 basis points from the midpoint of our previous range. We now expect growth of approximately 6% for the year"

HON WATCH

Vimal Kapoor

Honeywell's termination of the indemnification agreement with Resideo simplifies its balance sheet; the $1.6B cash inflow reduces Honeywell's liabilities but has no direct operational impact on Resideo.

"We also terminated an indemnification and reimbursement agreement with Resideo in exchange for $1.6 billion in cash."

REZI WATCH

Mike Stepniak

Honeywell's aerospace OE sales have recoupled with build rates of large customers after months of decoupling, supporting margin recovery in 2026. — The recoupling suggests that Boeing and Airbus production rates are stabilizing or improving, reducing supply-chain friction for aerospace component suppliers and enabling faster revenue conversion.

"Commercial OEE returned to growth as expected as our sales recoupled to the delivery rates of our large customers"

BA WATCH EADSY WATCH

HIGH

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