Earnings call briefThird-quarter 2026
Honeywell says it aims to cut gross debt to under $13 billion by end of 2026
Honeywell also expects year-end cash of about $3 billion and net debt of around $10 billion.
GetSignal Honeywell International HON
Honeywell said on its third-quarter call that it is committed to reducing gross leverage to less than 3x this year, by lowering gross debt from $18 billion in the second quarter to under $13 billion at the end of 2026.
Chief Financial Officer Michal Stepniak said Honeywell plans corporate costs of about $400 million for next year. He said the company will give more detail in February.
Quotes from the call
“As I discussed at the Investor Day, we are committed to reducing our gross leverage to less than 3x this year by lowering our gross debt balance from $18 billion in the second quarter to under $13 billion at the end of 26.”
Key facts from the call
- Gross debt target at end of 2026
- Under $13 billion, from $18 billion in the second quarter
- Gross leverage target
- Less than 3x this year
- Expected year-end 2026 cash
- About $3 billion
- Expected 2027 corporate cost
- About $400 million
Source: Honeywell's third-quarter 2026 earnings call, October 22, 2026.
Written by GetSignal with AI from the company's earnings call.
Not investment advice.
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