By Connor Hart
Honeywell International said it realized additional charges following its fourth-quarter report last month, prompting the industrial conglomerate to revise certain full-year financial metrics.
The company, which is in the process of restructuring and spinning off several businesses, on Tuesday said that it recorded a $436 million incremental goodwill impairment charge in the recent quarter tied to its industrial-automation business.
Honeywell also reported a $35 million impairment charge on assets held for sale, offset by a $61 million tax benefit.
As a result of the charges, the company revised its full-year net income from continuing operations to $4.47 billion, or $6.94 a share.
Operating income was revised to $5.57 billion, with operating margins of 14.9%.
Honeywell last month said net income from continuing operations came in at $4.89 billion, or $7.57 a share, for the year. It also reported opening income of $6.04 billion, with operating margins of 16.1%.
The company said the incremental charges don't change its previously-disclosed adjusted fourth-quarter or full-year results. Honeywell reiterated its outlook for 2026, which calls for adjusted earnings of $10.35 to $10.65 a share on sales of between $38.8 billion and $39.8 billion.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
February 17, 2026 07:22 ET (12:22 GMT)
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