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Honeywell Forecasts Higher 2026 Profits
Honeywell Technologies has raised its profit forecasts for 2026, supported by strong and sustained demand for its products in industrial automation and building systems, despite its quarterly earnings falling short of analyst expectations. The building automation unit achieved a 9% organic sales growth and a 13% increase in orders, with growth rates exceeding 10% in data centers, healthcare, and hospitality sectors. Industrial automation sectors also saw a 4% rise in sales and a 10% increase in orders. The CEO expressed optimistic expectations for the Middle East operations technology division, noting that orders increased by more than 50% in the quarter and anticipating a growth shift starting from the third quarter. The company now expects its adjusted earnings for 2026 to be between $8.05 and $8.35 per share, with annual sales projected to range from $19.8 billion to $20 billion, and organic sales growth of between 3% and 4%.
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