"Honeywell posted $10.41 billion in Q3 revenue, beating estimates by $160 million and growing 7% year over year. Aerospace Technologies delivered 12% organic growth as commercial aviation demand stayed strong and defense programs ramped. Building Automation added 7% organic growth. CEO Vimal Kapur emphasized the company is "building on our momentum" while executing the separation into three businesses by 2026. The challenge? Operating margin contracted 220 basis points to 16.9%, and free cash flow dropped 16% to $1.45 billion."
"3M reported $6.50 billion in revenue, up 3.5% and beating estimates. Safety & Industrial rose 5.4%, Transportation & Electronics climbed 2.4%. Margin expansion of 170 basis points to 24.7% on an adjusted basis stands out. CEO Bill Brown credited the "3M excellence model" for accelerating organic sales growth while expanding margins and generating $1.3 billion in adjusted free cash flow. The gap between 3M's GAAP EPS of $1.55 and adjusted EPS of $2.19 reflects ongoing restructuring charges, but the company is past the heavy lifting."
Honeywell reported $10.41 billion in Q3 revenue, up 7% year over year, with Aerospace Technologies growing 12% organically and Building Automation up 7%. Operating margin contracted 220 basis points to 16.9% and free cash flow fell 16% to $1.45 billion amid restructuring costs. Honeywell plans to separate into three focused public companies, including a Solstice Advanced Materials spinoff, targeting completion by 2026. 3M reported $6.50 billion in revenue, up 3.5%, achieved 170 basis points of adjusted margin expansion to 24.7%, generated $1.3 billion in adjusted free cash flow, and raised full-year margin guidance to 180–200 basis points despite ongoing restructuring charges.
Read at 24/7 Wall St.
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