Honeywell reported Q3 2024 revenue of $9.7 billion, up 6% year-over-year, with earnings per share of $2.16. Growth was driven by strong performance in Aerospace Technologies, up 12% to $3.9 billion, and Building Automation, up 14% to $1.7 billion. The company completed strategic acquisitions including Access Solutions for $4.9 billion and CAES Systems for $1.9 billion.Operating cash flow increased to $3.8 billion for the first nine months, with gross margin improving to 38.5%. The company maintained a strong liquidity position with $10.9 billion in cash and short-term investments. During the quarter, Honeywell recognized a $125 million impairment charge related to its personal protective equipment business classified as held for sale.On October 8, Honeywell announced plans to spin off its Advanced Materials business into an independent, publicly-traded company by end of 2025 or early 2026. The spin-off is intended to be tax-free for shareholders and will be subject to customary conditions including regulatory approvals and final board authorization. The company continues to execute its portfolio optimization strategy while maintaining focus on automation, aviation, and energy transition.

Honeywell reported Q3 2024 revenue of $9.7 billion, up 6% year-over-year, with earnings per share of $2.16. Growth was driven by strong performance in Aerospace Technologies, up 12% to $3.9 billion, and Building Automation, up 14% to $1.7 billion. The company completed strategic acquisitions including Access Solutions for $4.9 billion and CAES Systems for $1.9 billion.Operating cash flow increased to $3.8 billion for the first nine months, with gross margin improving to 38.5%. The company maintained a strong liquidity position with $10.9 billion in cash and short-term investments. During the quarter, Honeywell recognized a $125 million impairment charge related to its personal protective equipment business classified as held for sale.On October 8, Honeywell announced plans to spin off its Advanced Materials business into an independent, publicly-traded company by end of 2025 or early 2026. The spin-off is intended to be tax-free for shareholders and will be subject to customary conditions including regulatory approvals and final board authorization. The company continues to execute its portfolio optimization strategy while maintaining focus on automation, aviation, and energy transition.