CLAIM #30633 · Honeywell International Inc (HON) · 2025Q3 earnings call · Oct 23, 2025 · due Dec 31, 2026
“if I look ahead in 2026, pricing will become a good enabler for 2026 margin expansion.”
Vimal Kapur · CEO
How to check this claim
Look at: Segment/company operating margin (or margin expansion year-over-year), full year 2026
It came true if: Full-year 2026 reported operating margin higher than full-year 2025 operating margin (margin expansion > 0 pp)
Where: Company income statement / segment margin disclosures (10-K, Q4 2026 earnings release and call)
In context
“ut it was something to that effect. And the question is really in the context of if I look this year, revenue expectations are increasing, margin expectations are coming down a little bit. Fully understand there's mix, there's acquisition, there's timing. But just wanted to understand if there's maybe a pricing opportunity in the future that is not being exploited today, either because of the R&D investments you're making or maybe just a more surgical focus on that post the spin-off of the businesses. Vimal Kapur: So thanks, Amit. I would say that fundamentally, our strategy has been that we want to preserve our margins. while we keep our volumes to our expectations. So that has been the North Star we have been focusing on, and we have demonstrated that for the most part. I would say that if I look ahead in 2026, pricing will become a good enabler for 2026 margin expansion. The only headwind we faced in pricing, I'll call out in 2025 was just a lag effect. It's just the timing. We're learning something and we can lag 30 days, 45 days. We are not going to face that event in 2026. So overall, I do remain confident that our model of getting our margin expansion through pricing while we're protecting our volume is really working. And some of the margin expansion we have seen in this year, the margins have been more flattish. It's primarily our focus has been growth. And there are some transitionary issue items which have happened at this point, whether it is tariff-related cost hitting us in some pockets and M&A impact, et cetera. I'm very confident those are transitionary. And we're going to see strong impact in our margin expansion into 2026. Mike, anything to”
Verify independently
SEC filings for HON ↗ · Claim quote is verbatim from the 2025Q3 earnings call.