Honeywell filed its 2025 Annual Report on Form 10-K, disclosing incremental impairment charges for businesses classified as held for sale. The company recorded a $436 million goodwill impairment and a $35 million asset impairment, partially offset by a $61 million tax benefit, leading to revised full-year continuing EPS of $6.94. Despite these changes to reported figures, Honeywell reaffirmed its prior adjusted results and 2026 guidance and expects to announce the sale of its PSS and WWS businesses in the first half of 2026 as part of its portfolio optimization strategy.
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Honeywell books $436M write-down as it pursues PSS, WWS sale
Honeywell filed its 2025 Annual Report on Form 10-K, disclosing incremental impairment charges for businesses classified as held for sale. The company recorded a $436 million goodwill impairment and a $35 million asset impairment, partially offset by a $61 million tax benefit, leading to revised full-year continuing EPS of $6.94. Despite these changes to reported figures, Honeywell reaffirmed its prior adjusted results and 2026 guidance and expects to announce the sale of its PSS and WWS businesses in the first half of 2026 as part of its portfolio optimization strategy.