Summary
Honeywell International Inc. reported strong top-line growth for the second quarter and first half of 2025, with net sales increasing by 8% year-over-year for both periods. This growth was driven by a combination of increased pricing to offset inflation, incremental sales from recent acquisitions, and higher sales volumes across its business segments. The company also demonstrated effective portfolio management, completing the divestiture of its PPE business and the acquisition of Sundyne, while announcing an agreement to acquire Johnson Matthey's Catalyst Technologies business. Significant strategic initiatives are underway, including planned separations of its Aerospace Technologies and Automation businesses, and a spin-off of its Advanced Materials business, aimed at simplifying the portfolio and enhancing shareholder value. While the company faces macroeconomic uncertainties such as trade tensions and inflationary pressures, it has implemented proactive mitigation strategies. Financially, net income attributable to Honeywell saw a modest increase year-over-year, with diluted EPS rising due to higher segment profit and a lower effective tax rate, partially offset by increased financial charges and divestiture-related costs. The company maintained a robust cash position and continued its commitment to returning capital to shareholders through share repurchases and dividends.
Financial Highlights
55 data points| Revenue | $10.35B |
| Cost of Revenue | $6.33B |
| Gross Profit | $4.02B |
| R&D Expenses | $481.00M |
| SG&A Expenses | $1.43B |
| Operating Income | $2.37B |
| Net Income | $1.57B |
| EPS (Basic) | $2.46 |
| EPS (Diluted) | $2.45 |
| Shares Outstanding (Basic) | 637.50M |
| Shares Outstanding (Diluted) | 640.90M |
Key Highlights
- 1Net sales increased by 8% for both the second quarter and the first half of 2025 compared to the prior year periods, driven by price increases, acquisitions, and volume growth.
- 2The company completed the acquisition of Sundyne for $2.2 billion and announced an agreement to acquire Johnson Matthey's Catalyst Technologies business, while divesting its PPE business.
- 3Strategic portfolio transformation continues with planned separations of Aerospace Technologies and Automation businesses (expected second half of 2026) and a spin-off of Advanced Materials (expected fourth quarter of 2025).
- 4Aerospace Technologies segment sales grew 11% in Q2 and 12% year-to-date, driven by defense and space, and commercial aviation aftermarket, bolstered by acquisitions.
- 5Building Automation segment sales increased 16% in Q2 and 17% year-to-date, supported by organic growth in products and the acquisition of Access Solutions.
- 6Gross margin percentage remained flat at 38.9% for Q2 year-over-year, but slightly decreased to 38.7% year-to-date.
- 7Diluted EPS increased to $2.45 in Q2 2025 from $2.36 in Q2 2024, reflecting higher segment profit and a lower effective tax rate.