Quarterly ResultAug 5, 2026, 04:16 PM
Honeywell Aerospace Q2 Sales Up 5%; Authorizes $3.5B Share Buyback
AI Summary
Honeywell Aerospace reported Q2 2026 sales of $4.5 billion, a 5% increase year over year, but net income fell 70% to $0.3 billion and adjusted EBIT decreased 7% to $1.0 billion. The company revised its full-year 2026 organic growth guidance down to 4-5% and adjusted EBIT guidance to $4.35B-$4.45B, while initiating full-year adjusted EPS guidance of $7.60-$7.90. Additionally, the Board authorized a new share repurchase program of up to $3.5 billion and granted significant equity awards to its CEO, CFO, and General Counsel.
Key Highlights
- Board authorized a share repurchase program of up to $3.5 billion.
- Q2 2026 sales were $4.5 billion, up 5% year over year.
- Q2 2026 net income was $0.3 billion, down 70% year over year.
- Q2 2026 adjusted EBIT was $1.0 billion, down 7% year over year.
- Full-year 2026 organic growth guidance revised to 4-5% (previously 7-9%).
- Full-year 2026 adjusted EBIT guidance revised to $4.35B-$4.45B (previously $4.65B-$4.75B).
- CEO James Currier received a one-time equity award valued at $9.0 million.
- CFO Joshua Jepsen received a 2026 long-term incentive award valued at $4.4 million.
Price Impact
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