Honeywell Aerospace Inc.

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.

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.

Honeywell Aerospace Inc. successfully completed its spin-off from Honeywell International Inc. on June 29, 2026, becoming an independent, publicly traded company. Its shares commenced trading on the Nasdaq Stock Market under the ticker symbol "HONA". Shareholders of Honeywell International Inc. (now Honeywell Technologies) received one share of Honeywell Aerospace common stock for every two shares held. The spin-off was formalized through several definitive agreements, and the company also released historical financial information, reporting FY 2025 Net Sales of $17,404 million and Net Income of $2,722 million.

Honeywell Aerospace Inc. filed a certificate of amendment to its Amended and Restated Certificate of Incorporation on June 24, 2026. This amendment is in connection with the previously announced plan to distribute all of its common stock to holders of Honeywell International Inc. common stock. The amendment authorizes 1,000,000,000 shares of common stock and recapitalized the outstanding shares to an aggregate of 316,939,750 shares.

Honeywell Aerospace Inc. announced its upcoming spin-off from Honeywell International Inc. via a stock distribution, with the distribution date set for June 29, 2026. Shareholders will receive one share of Honeywell Aerospace for every two shares of Honeywell held as of the record date, June 15, 2026. The new entity, Honeywell Aerospace, will trade on Nasdaq under the ticker symbol "HONA". Additionally, Pascal Desroches has been appointed as an Independent Director and chair of the Audit Committee. The spin-off is structured to be tax-free for U.S. federal income tax purposes, with cash to be provided in lieu of fractional shares.