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Honeywell Aerospace logoHoneywell Aerospace HONA

The company said net sales for the 3 months ended September 26, 2026 rose $111 million from a year earlier, including higher organic sales of $77 million in ES and $35 million in E&PS.

10-QQuarterly reportFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said net sales for the 3 months ended September 26, 2026 rose $111 million from a year earlier, including higher organic sales of $77 million in ES and $35 million in E&PS.

  2. Honeywell Aerospace said diluted earnings per share rose $0.26 over the 3 months and fell $2.09 over the 9 months. For the 9 months, it cited Spin-off transaction costs of $1.14 after tax and higher interest expense of $16.0 billion on the $1.04 of senior unsecured notes, after tax, as the main factors.

  3. The company said it issued $16.0 billion of senior unsecured notes in connection with the Spin-off, and distributed $6.0 billion of the notes and net cash of $9.1 billion to Honeywell. Total borrowings as of September 26, 2026 were $15.9 billion.

  4. The company said its board approved a share repurchase program of up to $3.5 billion on July 23, 2026, but no shares have been repurchased to date. It also said its board declared a dividend of $0.40 per share on October 28, 2026.

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.

Net sales up $111 million in third quarter

The company said net sales for the 3 months ended September 26, 2026 rose $111 million from a year earlier, including higher organic sales of $77 million in ES and $35 million in E&PS.

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

Quarterly EPS Increase and 9-Month EPS Decrease Drivers

Honeywell Aerospace said diluted earnings per share rose $0.26 over the 3 months and fell $2.09 over the 9 months. For the 9 months, it cited Spin-off transaction costs of $1.14 after tax and higher interest expense of $16.0 billion on the $1.04 of senior unsecured notes, after tax, as the main factors.

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

Issues $16.0 billion of senior notes tied to Spin-off

The company said it issued $16.0 billion of senior unsecured notes in connection with the Spin-off, and distributed $6.0 billion of the notes and net cash of $9.1 billion to Honeywell. Total borrowings as of September 26, 2026 were $15.9 billion.

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

Buyback authorized and dividend declared

The company said its board approved a share repurchase program of up to $3.5 billion on July 23, 2026, but no shares have been repurchased to date. It also said its board declared a dividend of $0.40 per share on October 28, 2026.

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

Structured SEC financial data for this filing is not available yet. Please check the figures in the SEC 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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.