Quarterly ResultAug 5, 2026, 05:07 PM
Honeywell Aerospace Q2 Net Income $246M; $16B Debt for Spin-off
AI Summary
Honeywell Aerospace Inc. reported its second-quarter 2026 financial results, showing a significant increase in net sales to $4,522 million, but a substantial decrease in net income to $246 million compared to the prior year. The company also detailed the financial impact of its recent spin-off from Honeywell International, including the issuance of $16.0 billion in senior unsecured notes and a corresponding increase in long-term debt. Net cash provided by operating activities also saw a notable decline for the six-month period.
Key Highlights
- Net sales for Q2 2026 increased to $4,522 million from $4,289 million in Q2 2025.
- Net income attributable to Aerospace for Q2 2026 was $246 million, down from $844 million in Q2 2025.
- Long-term debt surged to $15,849 million as of June 27, 2026, from $4 million at December 31, 2025.
- Net cash provided by operating activities for the six months ended June 27, 2026, was $346 million, down from $1,025 million in the prior year.
- The company issued $16.0 billion in senior unsecured notes, distributing $15.1 billion to Honeywell.
- Remaining performance obligations totaled approximately $18.2 billion as of June 27, 2026.
Price Impact
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