Honeywell has filed its Annual Report on Form 10-K for the fiscal year ending December 31, 2025, with the U.S. Securities and Exchange Commission. The company had previously announced in January that it would classify its Productivity Solutions and Services (PSS) and Warehouse and Workflow Solutions (WWS) businesses as assets held for sale during the fourth quarter of 2025. This move is part of Honeywell’s strategy to focus on its core automation portfolio.
Following the initial earnings release, Honeywell received additional information related to the sale process, resulting in further impairment charges included in the annual report filed on February 17, 2026. The company reported an incremental goodwill impairment charge of $436 million associated with its Industrial Automation segment and an impairment charge of $35 million on assets held for sale. These were partially offset by a tax benefit of $61 million.
As a result, full-year reported earnings per share from continuing operations was revised to $6.94, net income from continuing operations to $4,468 million, operating income to $5,573 million, and operating margin to 14.9%. However, these changes do not affect Honeywell’s previously announced adjusted results for the fourth quarter or full year of 2025 or its guidance for 2026.
Honeywell stated: “As previously announced, Honeywell continues to expect to announce the sale of the PSS and WWS businesses in the first half of 2026.”
The company’s Annual Report on Form 10-K is available on Honeywell’s Investor Relations website at investor.honeywell.com under “Financials” (see “SEC Filings”) and also on the SEC’s website at www.sec.gov.
Honeywell operates globally across several industries with a portfolio supported by its Accelerator operating system and Forge platform. More information can be found at www.honeywell.com/newsroom.
Honeywell advises investors to monitor its Investor Relations website for material disclosures alongside press releases, SEC filings, conference calls, webcasts, and social media updates.
In reference to future outlooks and business plans discussed in this release, Honeywell noted: “We describe many of the trends and other factors that drive our business and future results in this release. Such discussions contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the ‘Exchange Act’), including statements related to the proposed separation of Honeywell from Honeywell Aerospace and the planned sale of the Productivity Solutions and Services and Warehouse and Workflow Solutions businesses. Forward-looking statements are those that address activities, events, or developments that we or our management intend, expect, project, believe, or anticipate will or may occur in the future. They are based on management’s assumptions and assessments in light of past experience and trends, current economic and industry conditions, expected future developments, and other relevant factors, many of which are difficult to predict and outside of our control, including Honeywell’s current expectations, estimates, and projections regarding the proposed separation of Honeywell from Honeywell Aerospace and the planned sale of the Productivity Solutions and Services and Warehouse and Workflow Solutions businesses. They are not guarantees of future performance, and actual results, developments, and business decisions may differ significantly from those envisaged by our forward-looking statements…”
The company added that these forward-looking statements are subject to risks such as changing trade policies or economic conditions.
