Honeywell International

What does Honeywell own?
Following the completion of its three-way separation in 2026, Honeywell Technologies owns the automation businesses, including building automation, process automation and technology, and industrial automation. The former Aerospace Technologies business is now Honeywell Aerospace (HONA), and the former Advanced Materials business is now Solstice Advanced Materials (SOLS). Both are independent publicly traded companies. Honeywell Technologies' major product lines include Honeywell Building Technologies, Intelligrated warehouse automation, and UOP process technology.

Is Honeywell publicly traded?
Yes, Honeywell Technologies, Inc. is publicly traded on Nasdaq under ticker HON. The company completed a 1-for-2 reverse stock split on June 29, 2026, reducing total outstanding shares to approximately 317 million. Major institutional shareholders include Vanguard Group, BlackRock, and State Street. Honeywell Aerospace trades independently under HONA, and Solstice Advanced Materials trades under SOLS.

Who founded Honeywell?
Honeywell traces its origins to 1906 when Mark Honeywell founded the Honeywell Heating Specialty Company in Wabash, Indiana. The company merged with Minneapolis Heat Regulator Company (founded by Albert Butz in 1885) in 1927 to form Minneapolis-Honeywell Regulator Company. The company shortened its name to Honeywell Inc. in 1964 and merged with AlliedSignal Corporation in 1999.

Where is Honeywell headquartered?
Honeywell Technologies is headquartered in Charlotte, North Carolina, having relocated from Morris Plains, New Jersey, in 2019. Honeywell Aerospace is headquartered in Phoenix, Arizona. Solstice Advanced Materials is headquartered in Morris Plains, New Jersey.

How many employees does Honeywell have?
As of December 31, 2025, the pre-separation Honeywell employed approximately 101,000 people across 79 countries, with approximately 36,000 in the United States. Following the separation, Honeywell Technologies has approximately 50,000 employees, Honeywell Aerospace has over 36,000 employees, and Solstice Advanced Materials has the remainder. The employee count excludes approximately 19,000 employees at Sandia National Laboratories and the Kansas City National Security Campus, which Honeywell manages as a U.S. Department of Energy contract operator.

Who owns Honeywell?
Honeywell Technologies, Inc. is publicly traded on Nasdaq with a broad institutional and retail shareholder base. No single shareholder holds a controlling stake. Major institutional shareholders include Vanguard Group, BlackRock, and State Street. Vimal Kapur serves as Chairman and Chief Executive Officer.

What is Honeywell's revenue?
For fiscal year 2025, the pre-separation Honeywell reported sales of $37.4 billion, up 8% year-over-year, with organic growth of 7%. Adjusted EPS was $9.78, up 12%. Operating cash flow was $6.1 billion and free cash flow was $5.1 billion, up 20%. For 2026, the company issued guidance of $38.8 to $39.8 billion in sales with 3% to 6% organic growth and adjusted EPS of $10.35 to $10.65.

Is Honeywell separating into multiple companies?
The separation is complete. Honeywell completed the spin-off of Solstice Advanced Materials (SOLS) on October 30, 2025, and the spin-off of Honeywell Aerospace (HONA) on June 29, 2026. The remaining entity, Honeywell Technologies, trades under HON and operates as a pure-play automation company. The three-way separation was announced in February 2025 and completed ahead of the company's prior expectations.

The Honeywell name traces to 1906, when Mark Honeywell founded the Honeywell Heating Specialty Company in Wabash, Indiana, to manufacture heat generators and temperature controls. The company grew through the early 20th century as central heating became more common in American homes and businesses.

In 1927, Honeywell Heating Specialty merged with Minneapolis Heat Regulator Company, founded by Albert Butz in 1885, to form Minneapolis-Honeywell Regulator Company. The combined company became a leading manufacturer of thermostats and temperature control systems for residential and commercial buildings.

Minneapolis-Honeywell expanded into industrial controls, aircraft instruments, and computing equipment through the mid-20th century. The company shortened its name to Honeywell Inc. in 1964. Through the 1960s and 1970s, Honeywell became a significant player in the mainframe computer market, competing with IBM, before eventually exiting the computer business in the 1980s.

In 1999, Honeywell merged with AlliedSignal Corporation, a diversified industrial company with major aerospace, automotive, and specialty chemicals businesses. The merged company took the Honeywell name and was headquartered in Morristown, New Jersey. The merger was intended to create a diversified industrial conglomerate with leading positions across multiple sectors.

Shortly after the AlliedSignal merger, General Electric attempted to acquire Honeywell in a deal valued at approximately $45 billion. The acquisition was blocked by European Union competition regulators in 2001, a decision that was controversial and marked one of the first major instances of European regulators blocking a merger primarily between American companies.

David Cote became CEO in 2002 and led Honeywell through a significant operational transformation, improving margins and financial performance substantially over his 14-year tenure. Cote's successor, Darius Adamczyk, continued the transformation and accelerated Honeywell's shift toward software and connected solutions.

Vimal Kapur became CEO in June 2023, succeeding Adamczyk. Kapur, an Indian-American executive who joined Honeywell in 1989, has led the company's most significant strategic restructuring in decades. In October 2024, Honeywell announced plans to spin off its Advanced Materials business. In February 2025, following a comprehensive portfolio review, Honeywell announced plans to separate its Automation and Aerospace businesses as well, creating three independent publicly traded companies.

The separation was executed in two stages. On October 30, 2025, Honeywell completed the spin-off of its Advanced Materials business as Solstice Advanced Materials (SOLS), with shares distributed to Honeywell shareholders at a ratio of one Solstice share for every four Honeywell shares. On June 29, 2026, Honeywell completed the spin-off of its Aerospace Technologies business as Honeywell Aerospace (HONA), with shares distributed at a ratio of one HONA share for every two Honeywell shares. Concurrent with the aerospace spin-off, the remaining entity completed a 1-for-2 reverse stock split and renamed itself Honeywell Technologies, retaining the HON ticker. The three-way separation was completed ahead of the company's prior expectations.

Honeywell has established sustainability initiatives focused on energy efficiency, carbon reduction, and environmental stewardship. The company has achieved a reduction in greenhouse gas intensity of more than 90% since 2004 and has committed to carbon neutrality for its operations by 2035. Honeywell publishes annual sustainability reports detailing its environmental performance.

The company's energy efficiency initiatives include building automation systems that optimize energy consumption in commercial buildings, industrial process technologies that reduce energy usage in manufacturing, and aerospace technologies that improve aircraft fuel efficiency. Honeywell's Honeywell Forge platform provides digital tools for energy management and operational optimization.

Sustainable aviation remains a focus area for the now-independent Honeywell Aerospace, which develops technologies for sustainable aviation fuels, fuel-efficient engines, and auxiliary power units compatible with sustainable aviation fuels. Solstice Advanced Materials produces low-global-warming-potential refrigerants that support the transition away from high-GWP hydrofluorocarbons.

Honeywell maintains comprehensive compliance programs, codes of conduct, and governance structures. The company enforces strict anti-corruption policies, fair competition practices, and supplier ethical standards across its global operations.

• Fortune Most Admired Companies (2025): Included in Fortune's World's Most Admired Companies ranking in the industrial machinery industry
• Forbes World's Best Employers (2025): Recognition for employee satisfaction and workplace practices across its global workforce
• Innovation Awards: Regular recognition for technological innovation in aerospace, building automation, and industrial automation from industry publications and technology organizations
• Sustainability Recognition: Recognized for energy efficiency solutions and carbon reduction initiatives by environmental organizations and sustainability rating agencies

Honeywell has faced environmental liability related to legacy manufacturing sites. The company has been involved in environmental remediation at numerous sites across the United States, including the Onondaga Lake cleanup in Syracuse, New York, where Honeywell's predecessor AlliedSignal operated a chemical plant that contaminated the lake with mercury and other pollutants. Honeywell has spent hundreds of millions of dollars on the Onondaga Lake cleanup.

The 2001 EU blocking of GE's attempted acquisition of Honeywell was a significant regulatory episode that highlighted the growing assertiveness of European competition regulators in reviewing mergers between non-European companies.

In Q4 2025, Honeywell recorded impairment charges related to the planned sale of its Productivity Solutions and Services (PSS) and Warehouse and Workflow Solutions (WWS) businesses. The 10-K filing in February 2026 included additional incremental goodwill impairment charges of $436 million for the Industrial Automation segment, reducing reported FY2025 EPS from $7.57 to $6.94. These charges did not affect adjusted results or 2026 guidance.