Honeywell International Nears June 29 Split With 'All Green Lights,' Reaffirms Outlook

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Sun, May 24, 2026 astatine 4:04 PM CDT 6 min read

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Honeywell says its planned separation is successful the “final stages” and remains connected way for a June 29 completion, with CFO Mike Stepniak saying determination are “all greenish lights” and nary expected issues. The institution besides reaffirmed its full-year guidance.
The institution said the Middle East headwind is easing aft antecedently informing of important second-quarter pressure, arsenic lawsuit enactment and request stay strong. Honeywell besides said respective businesses are showing improving trends, including beardown Building Automation show and aboriginal signs of betterment successful Industrial Automation.
Honeywell continues to look supply concatenation constraints successful Aerospace, particularly successful mechanical motor components, though it expects betterment successful the 2nd quarter. The institution besides said stranded costs from the divided should beryllium little than antecedently estimated and reiterated a superior program focused connected indebtedness reduction, dividends and bolt-on acquisitions.

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Honeywell International (NASDAQ:HON) is connected way to implicit its planned separation connected June 29, the archetypal time of the 3rd quarter, Chief Financial Officer and Senior Vice President Mike Stepniak said astatine an capitalist conference.

Stepniak said the institution is successful the “final stages” of separating and described the process arsenic having “all greenish lights.” He added that Honeywell is operationally ready, though immoderate transitional services agreements and post-spin activities volition remain.

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“I don’t foresee immoderate issues arsenic acold arsenic the 29th,” Stepniak said.

Honeywell besides reconfirmed its full-year forecast and guidance, with Stepniak citing “positivity successful the markets generally.” Aerospace volition clasp an expert time successful Phoenix connected June 3, portion the remaining company, oregon RemainCo, volition clasp an expert time successful New York City connected June 11.

Middle East Headwind Eases

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Stepniak said conditions successful the Middle East are proving much resilient than Honeywell antecedently expected. The institution had cited $100 cardinal to $150 cardinal of second-quarter unit from the region, but Stepniak said the outlook is present “looking overmuch better.”

Customers successful the portion stay active, helium said, with Honeywell teams and wide managers visiting customers and repair enactment underway. Stepniak said customers are not lone seeking repairs but besides discussing aboriginal expansion.

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