By: ICN Bureau
Last updated : December 24, 2025 8:39 pm
Honeywell also announced that its Advanced Materials business unit will be reported as discontinued operations starting in the fourth quarter of 2025
Honeywell has released supplemental 2024 and year-to-date 2025 financial information to reflect its updated business segment structure, which is expected to take effect in the first quarter of 2026, the company said, following its October 22, 2025 announcement.
In a major strategic move, Honeywell also announced that its Advanced Materials business unit will be reported as discontinued operations starting in the fourth quarter of 2025, after the successful spin-off of Solstice Advanced Materials on October 30, 2025.
“As a result, the company adjusts its full-year and fourth quarter 2025 guidance, and otherwise re-affirms its expectations for fourth quarter performance,” the company said.
Honeywell provided an update on its previously disclosed Flexjet-related litigation matters, noting they are expected to result in a one-time charge in the fourth quarter.
The company emphasized that this charge “will not impact the company's non-GAAP financial metrics or guidance,” and added that potential settlements “are anticipated to include one-time cash payments totaling approximately $470 million in the aggregate to the involved parties.”
The supplemental financial information aligns historical reporting with Honeywell’s forthcoming segment structure and reflects Advanced Materials as discontinued operations. Corporate expenses previously allocated to Advanced Materials “will be included as part of Corporate and All Other segment profit of Honeywell.”
The new structure positions the company for its planned Aerospace spin-off in the second half of 2026, with four reportable business segments: Aerospace Technologies, Building Automation, Process Automation and Technology, and Industrial Automation.
The three automation segments will each report two business units aligned with the company’s customer-focused business models, while reporting for Aerospace Technologies remains unchanged.
Following the reclassification, Honeywell adjusts its 2025 outlook. “As a result of the reclassification of Advanced Materials to discontinued operations, Honeywell adjusts its full-year and fourth quarter adjusted sales, segment margin, adjusted earnings per share, and free cash flow guidance. Excluding the reclassification, there is no change to the company's expectations for its fourth quarter non-GAAP financial guidance,” the company said.