Honeywell International Inc.

    HON ·NASDAQ ·Aircraft Engines & Engine Parts ·Inc. in DE
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    ABOUT HONEYWELL
    Honeywell International Inc. (Honeywell, we, us, our, or the Company) is an integrated operating company serving a broad range of industries and geographies around the world, with a portfolio that is underpinned by our Honeywell Accelerator operating system and Honeywell Forge platform. Our portfolio of solutions is uniquely positioned to blend physical products with software to serve customers worldwide. On February 6, 2025, we announced our plans to separate Honeywell from Honeywell Aerospace, into two independent U.S. public companies. Our Honeywell business will be a leading global, pure-play automation company, delivering productivity enhancing mission-critical solutions that enable optimized outcomes for customers. Our Honeywell Aerospace business will be a leading global tier-1 aerospace and defense supplier of mission critical systems and technologies that enable the production, maintenance, and safe operation of aerospace and defense platforms. Each of our businesses help organizations solve the world's toughest, most complex challenges, providing actionable solutions and innovations for aerospace, building automation, industrial automation, process automation, and process technology, that help make the world smarter and safer, as well as more secure and sustainable. The Honeywell brand dates back to 1906, and the Company was incorporated in Delaware in 1985.
    Our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and any amendments to those reports, are available free of charge on our Investor Relations website (investor.honeywell.com) under the heading Financials (see SEC Filings) immediately after they are filed with, or furnished to, the SEC. Honeywell uses our Investor Relations website, along with press releases on our primary Honeywell website (honeywell.com) under the heading News & Media, as a means of disclosing information which may be of interest or material to our investors and for complying with disclosure obligations under Regulation FD. Accordingly, investors should monitor our Investor Relations website and Honeywell News feed, in addition to following our press releases, SEC filings, public conference calls, webcasts, and social media. Information contained on or accessible through, including any reports available on, our website is not a part of, and is not incorporated by reference into, this Form 10-K or any other report or document we file with the SEC. Any reference to our website in this Form 10-K is intended to be an inactive textual reference only.
    In addition, in this Form 10-K, the Company incorporates by reference certain information from its definitive Proxy Statement for the 2026 Annual Meeting of Stockholders (the Proxy Statement), which we expect to file with the SEC not later than 120 days after December 31, 2025, and which will also be available free of charge on our website.
    2    Honeywell International Inc.
    ABOUT HONEYWELL
    EXECUTIVE SUMMARY
    Leveraging our Honeywell Accelerator operating model, we continued our portfolio transformation, demonstrating growth and operational performance while remaining focused on creating long-term shareowner value. In 2025, we delivered sales growth of 8% to $37.4 billion, with increases in three of our four reportable business segments, led by double-digit growth in our Aerospace Technologies business segment for its third consecutive year. We are unlocking growth by driving differentiated customer outcomes and enhanced, recurring revenue streams through the monetization of our vast installed base.
    Portfolio optimization and capital deployment remain a central focus for Honeywell, as evidenced by the separation and segment realignment announcements that we made during 2025. On October 30, 2025, we completed the spin-off of our Advanced Materials (AM) business into an independent, publicly traded company named Solstice Advanced Materials, Inc. (Solstice). The Advanced Materials business was previously included within the Energy and Sustainability Solutions reportable segment. In connection with the spin-off, the AM business is reported in our consolidated financial statements as discontinued operations in all periods presented. See Note 2 Acquisitions, Divestitures, and Discontinued Operations of Notes to Consolidated Financial Statements for further information.
    We also deployed $2.2 billion of capital to acquire Sundyne in June 2025 and announced an agreement to acquire Johnson Matthey's Catalyst Technologies business segment for £1.8 billion. We completed the divestiture of our personal protection equipment (PPE) business in May 2025 and announced our intent to pursue the separation of Honeywell from Honeywell Aerospace, into independent, U.S. publicly traded companies, which is expected to be completed in the third quarter of 2026. After the separation, Honeywell Aerospace is expected to be one of the largest publicly-traded aerospace suppliers globally, well-positioned as a premier technology and systems provider for all forms of aircraft. Similarly, Honeywell will be a leading, pure-play automation company with a vast installed base and comprehensive portfolio of technologies, solutions, and software enabling us to solve the world’s most complex problems and power the digital transformation, globally. Refer to the section titled Management's Discussion and Analysis of Financial Condition and Results of Operations for further information.
    During the year, we deployed $10.0 billion to capital expenditures, dividends, share repurchases, and mergers and acquisitions. We opportunistically repurchased shares to maintain our commitment to reduce share count by at least 1% per year and increased our dividend for the sixteenth time in the last fifteen years.
    As we look forward, we intend to continue deploying capital to high-return opportunities. We have a $37.5 billion backlog as of December 31, 2025, that provides a strong foundation for future growth and sustained capital deployment to accelerate growth.
    YEAR IN REVIEW
    Sales up 8%
    		Robust backlog of
    Operating cash flows from continuing operations of
    $37.4 BILLION
    $37.5 BILLION
    $6.1 BILLION
    as we remain focused on leveraging and evolving our Honeywell Accelerator operating model to deliver growth as of year-end, demonstrating continued strong demand in our end markets and positioning us well to convert for future growthas we remain focused on increasing operating cash flows through revenue growth, margin expansion, and improved working capital turnover
    3    Honeywell International Inc.
    ABOUT HONEYWELL
    BUSINESS OBJECTIVES
    Our businesses focus on the following objectives:
    4    Honeywell International Inc.
    ABOUT HONEYWELL
    MAJOR BUSINESSES
    In 2025, we globally managed our business operations through four reportable business segments: Aerospace Technologies, Industrial Automation, Building Automation, and Energy and Sustainability Solutions. The remainder of Honeywell's operations is presented in Corporate and All Other, which is not a reportable business segment. Effective October 30, 2025, Honeywell completed the spin-off of its AM business into an independent, publicly traded company, Solstice Advanced Materials. The AM business had historically been part of the Energy and Sustainability Systems reportable segment. In connection with the spin-off, the AM business is reported in our consolidated financial statements as discontinued operations in all periods presented. In October 2025, the Company announced a planned realignment, expected to be effective in the first quarter of 2026, of its business units comprising its Industrial Automation and Energy and Sustainability Solutions reportable business segments to form a new reportable business segment, Process Automation and Technology, and result in a new composition of its Industrial Automation reportable business segment. Following the realignment, our reportable business segments will be Aerospace Technologies, Building Automation, Process Automation and Technology, and Industrial Automation. Financial information related to our reportable business segments is included in Note 22 Segment Financial Data of Notes to Consolidated Financial Statements.

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    Financial statements

    data from SEC XBRL filings. Values are as-reported; restatements supersede originals. Values reported in .

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    From 10-Q filed 2026-04-23 (period ending 2026-03-31).

    ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
    (Dollars in tables and graphs in millions, except per share amounts)
    The following Management's Discussion and Analysis of Financial Condition and Results of Operations is intended to help the reader understand the results of operations and financial condition of Honeywell International Inc. and its consolidated subsidiaries (Honeywell, we, us, our, or the Company) for the three months ended March 31, 2026. The financial information as of March 31, 2026 should be read in conjunction with the Consolidated Financial Statements for the year ended December 31, 2025, contained in our 2025 Annual Report on Form 10-K. Certain prior year amounts are reclassified to conform to the current year presentation.
    BUSINESS UPDATE
    MACROECONOMIC CONDITIONS
    We continue to monitor macroeconomic and geopolitical developments that remain elevated, including armed conflict in the Middle East and its effects on global energy markets and maritime shipping, ongoing trade policy uncertainty following judicial and regulatory developments affecting U.S. tariff authorities, and evolving inflationary pressures. Global growth projections moderated, and tariffs imposed during 2025 and 2026, together with new trade investigations and ongoing negotiations, contributed to heightened volatility. Elevated energy prices, tariff pass-through effects, and financial market uncertainty continue to contribute to supply chain and cost pressures. We continue to engage with suppliers to proactively manage potential disruptions, critical material constraints, and pricing volatility.
    Mitigation strategies are an important component of our approach to managing these risks, including supply chain simplification, alignment to local and regional supply sources, pricing actions, dual-source strategies, and longer-term approaches for constrained materials. These efforts include direct engagement with key suppliers, new supplier development, and, where appropriate, design modifications. We maintain relationships with primary and secondary suppliers that support sourcing continuity and operational flexibility. Due to stringent quality controls and product qualification processes, these strategies have not impacted, and are not expected to impact, product quality or reliability.
    To date, our strategies have helped manage our exposure to these supply chain and cost-related conditions. However, the convergence of geopolitical conflict, evolving trade policies, and persistent inflationary pressures may have a material adverse effect on our consolidated results of operations, cash flows, or financial condition.
    PORTFOLIO TRANSFORMATION
    We continually assess the relative strength of each business in our portfolio as to strategic fit, market position, profit, and cash flow contribution in order to identify target investment and acquisition opportunities in order to upgrade our combined portfolio. We also identify businesses that do not fit into our long-term strategic plan based on their market position, relative profitability, or growth potential.
    On February 6, 2025, we announced our intention to pursue a separation of Honeywell from Honeywell Aerospace, into independent, U.S. publicly traded companies, which is intended to be completed in the third quarter on June 29, 2026. The planned separation is intended to be a tax-free separation to Honeywell shareowners for U.S. federal income tax purposes. The separation will be subject to the satisfaction of a number of customary conditions, including, among others, the filing and effectiveness of applicable filings (including a Form 10 registration statement that includes required financial statements) with the SEC, assurance that the separation of the businesses will be tax-free to Honeywell’s shareowners, receipt of applicable regulatory approvals, and final approval by Honeywell’s Board of Directors. The proposed separation is complex in nature, and may be affected by unanticipated developments, credit and equity markets, or changes in market conditions.
    In 2025, we announced we are evaluating strategic alternatives for our Productivity Solutions and Services and Warehouse and Workflow Solutions businesses within the Industrial Automation reportable segment to further simplify Honeywell's portfolio and accelerate shareowner value creation ahead of the planned separation of Honeywell from Honeywell Aerospace. Beginning December 31, 2025, the assets and liabilities of these businesses were classified as held for sale. In April 2026, the Company announced it has reached agreements to sell the businesses in two separate transactions, both of which are expected to close in the second half of 2026 and are subject to customary closing conditions, including receipt of certain regulatory approvals.
    33    Honeywell International Inc.
    On May 22, 2025, the Company announced its agreement to acquire Johnson Matthey's Catalyst Technologies business segment in an all-cash transaction. In February 2026, the agreement was amended to adjust the total consideration to £1.325 billion. Completion of the transaction is anticipated in the third quarter of 2026, subject to customary closing conditions, including receipt of certain regulatory approvals.
    SEGMENT REALIGNMENT
    Effective in the first quarter of 2026, we realigned certain of our business units comprising our Industrial Automation and Energy and Sustainability Solutions reportable business segments. This realignment formed a new reportable business segment, Process Automation and Technology, and resulted in a new composition of our Industrial Automation reportable business segment. Process Automation and Technology is comprised of UOP, which was previously in Energy and Sustainability Solutions, and the core portion of the Process Solutions business, which was previously in Industrial Automation. The new composition of Industrial Automation continues to include the smart energy, thermal solutions, and process measurement and control businesses, previously included in the Process Solutions business, as well as the Sensing and Safety Technologies, Warehouse and Workflow Solutions, and Productivity Solutions and Services businesses. Following the realignment, our reportable business segments are Aerospace Technologies, Building Automation, Process Automation and Technology, and Industrial Automation. In addition to the realignment, also beginning in 2026, we report the disaggregation of revenue within our Building Automation, Process Automation and Technology, and Industrial Automation segments based on business models. The realignment had no impact on our historical consolidated financial position, results of operations, or cash flows. Prior period amounts have been recast to reflect this change.
    34    Honeywell International Inc.
    RESULTS OF OPERATIONS
    Consolidated Financial Results
    Net Sales by Segment
    35    Honeywell International Inc.
    Segment Profit by Segment
    36    Honeywell International Inc.
    CONSOLIDATED OPERATING RESULTS
    Net Sales
    The change in Net sales was attributable to the following:
    Q1 2026 vs. Q1 2025
    Volume(2 %)
    Price4 %
    Foreign currency translation2 %
    Acquisitions
    		1 %
    Divestitures
    		(3 %)
    Other
    		— %
     Total % change in Net sales2 %
    A discussion of Net sales by reportable business segment can be found in the Review of Business Segments section of this Management's Discussion and Analysis.
    Q1 2026 compared with Q1 2025
    Net sales increased due to the following:
    •Increased pricing and price adjustments to offset inflation, and
    •Favorable impact of foreign currency translation, driven by the weakening of the U.S. dollar against the currencies of the majority of our international markets, primarily the Australian dollar, Chinese renminbi, and Canadian dollar,
    •Partially offset by lower sales from the divestiture of the personal protective equipment (PPE) business, and
    •Lower sales volumes.
    37    Honeywell International Inc.
    Cost of Products and Services Sold
    Q1 2026 compared with Q1 2025
    Cost of products and services sold increased due to higher direct and indirect material costs and higher labor costs.
    Gross Margin
    Q1 2026 compared with Q1 2025
    Gross margin increased by approximately $0.1 billion and gross margin percentage decreased 10 basis points to 38.7% compared to 38.8% for the same period of 2025.
    38    Honeywell International Inc.
    Research and Development Expenses
    Q1 2026 compared with Q1 2025
    Research and development expenses increased as a percentage of net sales due to increased investment in new product development in our Aerospace Technologies business.
    A summary of our research and development costs is as follows:
    Three Months Ended March 31,
    20262025
    Company funded research and development expenses$492 $416 
    Customer-sponsored research and development1
    		266 267 
    Total research and development costs$758 $683 
    1Includes deferred customer funded nonrecurring engineering and development activities and expenditures on customer programs with a significant engineering performance obligation, included in Cost of products and services sold in the Consolidated Statement of Operations.
    Selling, General and Administrative Expenses
    Q1 2026 compared with Q1 2025
    Selling, general and administrative expenses were flat compared to the same period in 2025.
    39    Honeywell International Inc.
    Impairment of Assets Held for Sale
    Three Months Ended March 31,
    20262025
    Impairment of assets held for sale$263 $15 
    Q1 2026 compared with Q1 2025
    Impairment of assets held for sale increased due to an impairment charge recorded on the assets held for sale related to the Productivity Solutions and Services and Warehouse and Workflow Solutions businesses for the three months ended March 31, 2026.
    Loss on Debt Extinguishment
    Three Months Ended March 31,
    20262025
    Loss on debt extinguishment$239 $— 
    Q1 2026 compared with Q1 2025
    Loss on debt extinguishment in the three months ended March 31, 2026 was due to the debt tender offers and redemptions.
    Other (Income) Expense
    Three Months Ended March 31,
    20262025
    Other (income) expense$(7)$(229)
    Q1 2026 compared with Q1 2025
    Other income decreased due to higher divestiture-related costs related to the anticipated spin-off of the Aerospace business.
    Interest and Other Financial Charges
    Three Months Ended March 31,
    20262025
    Interest and other financial charges$356 $285 
    Q1 2026 compared with Q1 2025
    Interest and other financial charges increased due to the pre-separation debt financing in advance of the anticipated spin-off of the Aerospace business.
    40    Honeywell International Inc.
    Tax Expense
    Q1 2026 compared with Q1 2025
    The effective tax rate decreased 1,190 basis-points due to the following:
    •Change in estimate of reduced frictional tax on the spin-off of the Advanced Materials business of 1,130 basis points and
    •Changes in estimate on prior tax positions of 460 basis points,
    •Partially offset by incremental tax expense for tax reserve activities of 480 basis points.

    Net Income from Continuing Operations
    Q1 2026 compared to Q1 2025
    Earnings per share of common stock–assuming dilution decreased due to the following:
    •Loss on debt extinguishment and debt restructuring costs ($0.35 after tax),
    •Impairment of assets held for sale ($0.28 after tax), and
    •Higher divestiture-related costs ($0.28 after tax),
    •Partially offset by higher segment profit ($0.15 after tax).
    41    Honeywell International Inc.

    BACKLOG
    Our backlog of orders increased 15% to $38.3 billion, as of March 31, 2026, compared to March 31, 2025. Backlog represents the estimated remaining value of work to be performed or products to be shipped under firm contracts. Backlog is equal to our remaining performance obligations under the contracts that meet the guidance on revenue from contracts with customers as discussed in Note 4 Revenue Recognition and Contracts with Customers of Notes to Consolidated Financial Statements. Our backlog by reportable business segment is as follows:
     
    March 31, 2026
    Aerospace Technologies$18,822 
    Building Automation9,255 
    Process Automation and Technology
    		7,437 
    Industrial Automation2,667 
    Corporate and All Other1
    		81 
    Total backlog$38,262 
    1
    The backlog within Corporate and All Other relates to the Quantinuum business.
    42    Honeywell International Inc.
    REVIEW OF BUSINESS SEGMENTS
    During the first quarter of 2026, the Company realigned certain of its business units as reflected in Note 18 Segment Financial Data, which impacts the composition of its reportable segments. The Company recast historical periods to reflect this change in segment presentation. See Note 18 Segment Financial Data to Notes to Consolidated Financial Statements for further discussion.
    We globally manage our business operations through four reportable business segments: Aerospace Technologies, Building Automation, Process Automation and Technology, and Industrial Automation,
    AEROSPACE TECHNOLOGIES
    Net Sales
    Three Months Ended
    March 31,
    20262025%
    Change
    Net sales$4,322 $4,172 4 %
    Cost of products and services sold2,675 2,592 
    Selling, general and administrative and other expenses503 481 
    Segment profit$1,144 $1,099 4 %
    43    Honeywell International Inc.
    2026 vs. 2025
    Three Months Ended
    March 31,
    Factors Contributing to Year-Over-Year ChangeNet
    Sales    		Segment
    Profit
    Reported percent change
    		4 %4 %
    Less: Impact of divestitures to the prior period— %— %
    Reported percent change, adjusted for impact of divestitures
    		4 %4 %
    Less: Foreign currency translation1 %1 %
    Less: Acquisitions— %— %
    Less: Other— %— %
    Organic percent change1
    		3 %3 %
    1
    Organic sales % change, presented for all of our reportable business segments, is defined as the change in Net sales, adjusted for the impact of divestitures to the prior period, and excluding the impact on sales from foreign currency translation, acquisitions for the first 12 months following the transaction date, and certain other items that are unusual or non-recurring in nature. We believe this non-GAAP measure is useful to investors and management in understanding the ongoing operations and analysis of ongoing operating trends.
    Q1 2026 compared to Q1 2025
    Sales increased $150 million due to higher organic sales of $58 million in Defense and Space and higher organic sales of $54 million in Commercial Aviation Aftermarket, both driven by increased pricing.
    Segment profit increased $45 million and segment margin percentage increased 20 basis points to 26.5% compared to 26.3% for the same period of 2025.
    BUILDING AUTOMATION
    Net Sales
    Three Months Ended
    March 31,
    20262025%
    Change
    Net sales$1,882 $1,692 11 %
    Cost of products and services sold993 868 
    Selling, general and administrative and other expenses393 384 
    Segment profit$496 $440 13 %
    44    Honeywell International Inc.
     
    2026 vs. 2025
     Three Months Ended
    March 31,
    Factors Contributing to Year-Over-Year ChangeNet
    Sales    		Segment
    Profit
    Reported percent change
    		11 %13 %
    Less: Impact of divestitures to the prior period— %— %
    Reported percent change, adjusted for impact of divestitures
    		11 %13 %
    Less: Foreign currency translation3 %5 %
    Less: Acquisitions— %— %
    Less: Other— %— %
    Organic percent change
    		8 %8 %
    Q1 2026 compared to Q1 2025
    Sales increased $190 million due to higher organic sales of $71 million in Products and higher organic sales of $61 million in Solutions, both driven by higher demand.
    Segment profit increased $56 million and segment margin percentage increased 40 basis points to 26.4% compared to 26.0% for the same period of 2025.
    PROCESS AUTOMATION AND TECHNOLOGY
    Net Sales
    Three Months Ended
    March 31,
    20262025%
    Change
    Net sales$1,513 $1,445 5 %
    Cost of products and services sold856 809 
    Selling, general and administrative and other expenses298 323 
    Segment profit$359 $313 15 %
    45    Honeywell International Inc.
    2026 vs. 2025
    Three Months Ended
    March 31,
    Factors Contributing to Year-Over-Year ChangeNet
    Sales    		Segment
    Profit
    Reported percent change
    		5 %15 %
    Less: Impact of divestitures to the prior period— %— %
    Reported percent change, adjusted for impact of divestitures
    		5 %15 %
    Less: Foreign currency translation2 %2 %
    Less: Acquisitions9 %12 %
    Less: Other— %— %
    Organic percent change
    		(6)%1 %
    Q1 2026 compared to Q1 2025
    Sales increased $68 million due to inorganic sales of $121 million in Sundyne during the three months ended March 31, 2026, partially offset by lower organic sales of $82 million in Aftermarket driven by a decline in refining catalyst shipments.
    Segment profit increased $46 million and segment margin percentage increased 200 basis points to 23.7% compared to 21.7% for the same period of 2025.
    INDUSTRIAL AUTOMATION
    Net Sales
    Three Months Ended
    March 31,
    20262025%
    Change
    Net sales$1,421 $1,597 (11)%
    Cost of products and services sold864 989 
    Selling, general and administrative and other expenses316 378 
    Segment profit$241 $230 5 %
    46    Honeywell International Inc.
    2026 vs. 2025
    Three Months Ended
    March 31,
    Factors Contributing to Year-Over-Year ChangeNet
    Sales    		Segment
    Profit
    Reported percent change
    		(11)%5 %
    Less: Impact of divestitures to the prior period(15)%(13)%
    Reported percent change, adjusted for impact of divestitures
    		4 %18 %
    Less: Foreign currency translation3 %5 %
    Less: Acquisitions— %— %
    Less: Other— %— %
    Organic percent change
    		1 %13 %
    Q1 2026 compared to Q1 2025
    Sales decreased $176 million due to the sale of our PPE business on May 21, 2025.
    Segment profit increased $11 million and segment margin percentage increased 260 basis points to 17.0% compared to 14.4% for the same period in 2025.
    On July 8, 2025, the Company announced it is evaluating strategic alternatives for its Productivity Solutions and Services and Warehouse and Workflow Solutions businesses. Following the Company's strategic review, the assets and liabilities of these businesses were classified as held for sale beginning December 31, 2025. In April 2026, the Company announced it has reached agreements to sell the businesses in two transactions, both of which are expected to close in the second half of 2026 and are subject to customary closing conditions, including receipt of certain regulatory approvals.
    CORPORATE AND ALL OTHER
    Corporate and All Other primarily includes unallocated corporate costs, interest expense on holding-company debt, and the controlling majority-owned interest in Quantinuum. Corporate expenses historically allocated to Advanced Materials and not eligible to be part of discontinued operations are now included in Corporate and All Other. Corporate and All Other is not a separate reportable business segment as segment reporting criteria is not met. The Company continues to monitor the activities in Corporate and All Other to determine the need for further reportable business segment disaggregation.
    REPOSITIONING CHARGES
    See Note 5 Repositioning and Other Charges of Notes to Consolidated Financial Statements for a discussion of our repositioning actions and related charges incurred in the three months ended March 31, 2026 and 2025. Cash spending related to our repositioning actions was $37 million in the three months ended March 31, 2026, and was funded through operating cash flows.
    47    Honeywell International Inc.
    LIQUIDITY AND CAPITAL RESOURCES
    (Dollars in tables in millions)
    We leverage operating cash flows as the primary source of liquidity. Each of our businesses focuses on increasing operating cash flows through revenue growth, margin expansion, and improved working capital turnover. We also maintain other key sources of liquidity, including U.S. cash balances, and the ability to access non-U.S. cash balances, short-term debt from the commercial paper market, long-term borrowings, committed credit lines, and access to the public debt and equity markets.
    CASH
    As of March 31, 2026 and December 31, 2025, we held $12.4 billion and $12.9 billion, respectively, of cash and cash equivalents, including our short-term investments. We monitor third-party depository institutions that hold our cash and cash equivalents on a daily basis. Our emphasis is primarily safety of principal and secondarily maximizing yield of those funds. We diversify our cash and cash equivalents among counterparties to minimize exposure to any one counterparty.
    As of March 31, 2026, we held $6.7 billion of the Company’s cash, cash equivalents, and short-term investments in non-U.S. subsidiaries. We do not have material amounts related to any jurisdiction subject to currency control restrictions that impact our ability to access and repatriate such amounts. Under current laws, we do not expect taxes on repatriation or restrictions on amounts held outside of the U.S. to have a material effect on our overall liquidity.
    CASH FLOW SUMMARY
    Our cash flows from operating, investing, and financing activities, as reflected in the Consolidated Statement of Cash Flows, are summarized as follows:
    Three Months Ended March 31,
    20262025Variance
    Cash and cash equivalents at beginning of period$12,487 $10,567 $1,920 
    Operating activities
    Net income from continuing operations
    		795 1,296 (501)

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    Next expected filings

    • ~2026-07-23 10-Q expected by 2026-08-07 (in 75 days)
    • ~2026-10-22 10-Q expected by 2026-11-06 (in 166 days)
    • ~2027-02-16 10-K expected by 2027-03-07 (in 283 days)
    • ~2027-04-22 10-Q expected by 2027-05-07 (in 348 days)

    Predicted from historical filing cadence; not an SEC commitment.

    Recent SEC filings

    • 2026-04-23 8-K Earnings Release; Financial Statements and Exhibits
    • 2026-04-23 10-Q Quarterly Report
    • 2026-04-23 8-K Other Events; Financial Statements and Exhibits
    • 2026-04-10 DEF 14A Proxy Statement
    • 2026-03-23 8-K Other Events; Financial Statements and Exhibits
    • 2026-03-16 8-K Material Agreement Terminated; Other Events; Financial Statements and Exhibits
    • 2026-03-06 8-K Material Agreement Entered; Material Agreement Terminated; Material Financial Obligation; Other Events; Financial Statements and Exhibits
    • 2026-02-17 10-K Annual Report
    • 2026-01-29 8-K Earnings Release; Financial Statements and Exhibits
    • 2025-12-22 8-K Earnings Release; Other Events; Financial Statements and Exhibits
    • 2025-12-10 8-K Officer/Director Change; Regulation FD Disclosure; Financial Statements and Exhibits
    • 2025-11-03 8-K Officer/Director Change; Regulation FD Disclosure; Financial Statements and Exhibits
    • 2025-10-30 8-K Other Events; Financial Statements and Exhibits
    • 2025-10-23 10-Q Quarterly Report
    • 2025-10-23 8-K Earnings Release; Financial Statements and Exhibits