Honeywell Aerospace Reports Q3 2026 Results with Increased EPS Guidance and Strong Backlog
Honeywell Aerospace reported third-quarter 2026 results characterized by $4.6 billion in net sales, representing 2% organic growth fueled by commercial air transport build rates and increased equipment volumes. Despite supply chain constraints—specifically regarding mechanical components and bearings—the company achieved a non-GAAP EPS of $2.21, exceeding management expectations during its first quarter of independent operations. The company's financial position remains robust with a backlog of $19.3 billion, up 12% year-over-year, and a book-to-bill ratio of 1.3 indicating demand is outpacing manufacturing capacity. While supply shortages led to an unfavorable product mix that impacted adjusted EBIT margins, management raised its full-year adjusted EPS guidance and increased free cash flow projections for the second half of the year.
Topics: Adjusted EBIT Backlog Commercial Aerospace Defense & Space Free Cash Flow Net Sales Non-GAAP EPS