Honeywell reported its fourth-quarter and full-year results for 2024. Q4 sales were $10.1 billion, a 7% increase year-over-year, with organic sales growth of 2%. The company exceeded earnings guidance, with Q4 earnings per share (EPS) of $1.96 and adjusted EPS of $2.47. For the full year, sales increased by 5%, and Honeywell generated $6.1 billion in operating cash flow and $4.9 billion in free cash flow.

In 2024, Honeywell deployed $14.6 billion in capital, including $8.9 billion for acquisitions. For 2025, the company expects adjusted EPS between $10.10 and $10.50, a 2% to 6% increase, and guidance for organic sales growth between 2% and 5%.

The company also announced plans to separate its Automation and Aerospace businesses, aiming to create three independent, publicly traded companies by 2026. Honeywell’s aerospace segment saw growth in commercial aftermarket and defense, while its industrial automation segment remained stable. Additionally, Honeywell signed a strategic agreement with Bombardier, valued at $17 billion, to provide advanced technology for current and future aircraft.