Honeywell said its backlog as of June 30, 2025 increased 14% compared with June 30, 2024 to $36.6 billion. The company described backlog as the estimated remaining value of work to be performed or products to be shipped under firm contracts.

10-QQuarterly reportFiled Jul 24, 2025Period of report Jun 30, 2025Summary published (UTC) Oct 10, 2026

Key points

AI summary

Honeywell said its backlog as of June 30, 2025 increased 14% compared with June 30, 2024 to $36.6 billion. The company described backlog as the estimated remaining value of work to be performed or products to be shipped under firm contracts.
Honeywell said it completed the divestiture of its PPE business and closed on the acquisition of Sundyne in Q2 2025. The company sold the PPE business for $1.2 billion, net of cash transferred, and said the total consideration for the Sundyne acquisition was $2.2 billion, net of cash acquired.
Honeywell said that for the 6 months ended June 30, 2025, investing activities included cash paid for acquisitions of $2,163 million and capital expenditures of $554 million, partially offset by proceeds from the sale of the PPE business of $1,157 million. The company said financing activities included repurchases of common stock of $3,604 million and cash dividends paid of $1,479 million.
Honeywell said its total borrowings as of June 30, 2025 were $36.5 billion, compared with $31.1 billion as of December 31, 2024. The company said that under the $6.0 billion Delayed Draw Term Loan Agreement, $4.0 billion was fully drawn effective May 30, 2025 and remained outstanding as of June 30.

Key figures

Quarter ended June 30, 2025

Revenue: $10.4B
Operating income: $2.4B
Net income: $1.6B
EPS: $2.45

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Backlog as of June 30, 2025

Honeywell said its backlog as of June 30, 2025 increased 14% compared with June 30, 2024 to $36.6 billion. The company described backlog as the estimated remaining value of work to be performed or products to be shipped under firm contracts.

Source · Based on the MD&A text of the filing

Portfolio transformation: PPE divestiture and Sundyne acquisition

Honeywell said it completed the divestiture of its PPE business and closed on the acquisition of Sundyne in Q2 2025. The company sold the PPE business for $1.2 billion, net of cash transferred, and said the total consideration for the Sundyne acquisition was $2.2 billion, net of cash acquired.

Source · Based on the MD&A text of the filing

Cash flow items for 6 months

Honeywell said that for the 6 months ended June 30, 2025, investing activities included cash paid for acquisitions of $2,163 million and capital expenditures of $554 million, partially offset by proceeds from the sale of the PPE business of $1,157 million. The company said financing activities included repurchases of common stock of $3,604 million and cash dividends paid of $1,479 million.

Source · Based on the MD&A text of the filing

Total borrowings as of June 30, 2025

Honeywell said its total borrowings as of June 30, 2025 were $36.5 billion, compared with $31.1 billion as of December 31, 2024. The company said that under the $6.0 billion Delayed Draw Term Loan Agreement, $4.0 billion was fully drawn effective May 30, 2025 and remained outstanding as of June 30.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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