CLAIM #30628 · Honeywell International Inc (HON) · 2025Q3 earnings call · Oct 23, 2025 · due Dec 31, 2026
“in 2026, they have a really good -- I would say, really good setup and plan to continue to expand those margins.”
Mike Stepniak · CFO
How to check this claim
Look at: Building Automation (BA) segment margin (segment profit margin as reported), full year 2026
It came true if: Full-year 2026 BA segment margin higher than full-year 2025 BA segment margin
Where: Honeywell 10-K / segment reporting disclosures (BA segment margin)
In context
“tes continues to hang over $2 billion. So we still have a lot of, I would say, to work with going to 2026. Operator: Our next question comes from the line of Steve Tusa with JPMorgan. C. Stephen Tusa: Can you guys just talk about the trend in the BA margin? It's been really strong in the last couple of quarters, maybe a tad bit weaker this quarter than we were expecting. What's the -- what are the moving parts there? And how do you feel about that going into '26? Mike Stepniak: Steve, so super happy with the BA performance. And I think as we talked about it before, BA team still has a lot of runway. As far as the 3Q, it's really just a matter of mix between projects and products. Nothing, I would say, concerning there. And like I said, sequentially, BA will continue to expand margins. And in 2026, they have a really good -- I would say, really good setup and plan to continue to expand those margins. So no concerns on that business. Vimal Kapur: I was going to reinforce that the BA just reinforces the overarching Honeywell strategy on how we are pivoting our business through higher growth and margin expansion. So they are ahead of the curve on executing that, and I'm very confident that other businesses are going to demonstrate the same. So we do expect 2026 to follow the trend line you have observed in BA in 2025. C. Stephen Tusa: And then just lastly on the profile of the income statement. You guys made -- obviously, Solstice is coming out, you guys made these changes around the liabilities. Any thoughts around changing the pension accounting and how you're reflecting that in your income statement? And is that something that could happen before aerospace goes or that kind of reevalu”
Verify independently
SEC filings for HON ↗ · Claim quote is verbatim from the 2025Q3 earnings call.