Honeywell
Charlotte-based automation company, trading as Honeywell Technologies after spinning off Solstice and separating Honeywell Aerospace. It reported 2026 third-quarter sales of $4.99 billion and has more than 50,000 employees.
Industry: Building, industrial and process automation | Location: Charlotte, United States | Founded: 1906
About Honeywell
Honeywell, which now operates as Honeywell Technologies, is an automation company headquartered in Charlotte, North Carolina. Its shares trade on Nasdaq under the ticker HON. In its third-quarter 2026 release it described itself as a global pure-play automation company serving the building, industrial and process sectors, with more than 50,000 employees. Its three segments are Building Automation, Process Automation and Technology, and Industrial Automation.\n\nThe company traces its origin to 1885, when Albert Butz patented a furnace regulator, and to 1906, when Mark Honeywell formed the Honeywell Heating Specialty Company. In 1999 AlliedSignal acquired Honeywell and kept its name. Vimal Kapur has been chief executive since 2023 and chairman since 2024, Mike Stepniak is chief financial officer, and Anant Maheshwari is president for strategy and chief executive of global regions, which include the Middle East and Africa.\n\nIts software includes Honeywell Forge, an enterprise performance platform launched in 2019. On 14 October 2026 it launched Forge Cognition, an agentic AI and simulation platform for facility operations built with NVIDIA and Dell Technologies. The company says it holds more than 25,000 patents and employs more than 7,000 engineers.\n\nThe portfolio has been reshaped repeatedly. Honeywell bought UOP in 2005 and Intelligrated in 2016, spun off Resideo and Garrett Motion in 2018, moved its listing to Nasdaq in 2021 and formed Quantinuum with Cambridge Quantum that year. In February 2025 it announced a split into three companies. Solstice Advanced Materials was spun off on 30 October 2025, and Honeywell Aerospace separated in June 2026. Honeywell announced the purchase of Johnson Matthey's Catalyst Technologies business in May 2025 for 1.8 billion pounds, and its third-quarter 2026 release cites the acquisition in process automation results.\n\nFor 2025, before the aerospace separation, Honeywell reported sales of $37.44 billion, operating income of $6.04 billion, adjusted earnings of $9.78 per share and a backlog above $37 billion. On 22 October 2026 it reported third-quarter sales of $4.99 billion and a backlog of nearly $19 billion, calling it the first quarter as a standalone company, and raised its 2026 sales outlook to $20.0 billion to $20.1 billion.
Leadership
- Vimal Kapur, Chairman and Chief Executive Officer
- Mike Stepniak, Senior Vice President and Chief Financial Officer
- Anant Maheshwari, President, Strategy, and President and CEO, Global Regions
- Suresh Venkatarayalu, Chief Technology Officer