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 2026-07-23 (period ending 2026-06-30).

    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 Technologies, we, us, our, or the Company) for the three and six months ended June 30, 2026. The financial information as of June 30, 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. Discussions throughout the Management’s Discussion and Analysis of Financial Condition and Results of Operations are based on continuing operations unless otherwise noted.
    BUSINESS UPDATE
    MACROECONOMIC CONDITIONS
    We continue to operate in a challenging macroeconomic and geopolitical environment, including ongoing conflict in the Middle East and its impact on energy markets, trade flows, and shipping. Global growth expectations moderated, while inflationary pressures and market volatility remain elevated. In response, we remain focused on disciplined supplier engagement and proactive actions to manage critical material availability, logistics conditions, and input cost volatility across our network.
    Mitigation strategies are an important component of our approach to managing these risks, including portfolio and 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 both primary and secondary suppliers to 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, continued volatility driven by 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.
    In 2025, we announced we were 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 Technologies’ portfolio and accelerate shareowner value creation ahead of the Aerospace Spin-Off. Beginning December 31, 2025, the assets and liabilities of these businesses were classified as held for sale. In April 2026, we announced that we reached agreements to sell the businesses in two separate transactions, both of which are expected to close in the third quarter of 2026 and are subject to customary closing conditions, including receipt of certain regulatory approvals.
    On June 4, 2026, the Company’s former consolidated subsidiary Quantinuum completed its IPO. Upon completion of the IPO, the Company retained a 48% noncontrolling ownership interest in Quantinuum and accounts for its Quantinuum investment as an equity method investment.
    36    Honeywell International Inc.
    In the third quarter on June 29, 2026, the Company completed the Aerospace Spin-Off. Each Honeywell Technologies shareowner received one share of Honeywell Aerospace common stock for every two shares of Honeywell Technologies common stock held of record as of the close of business on June 15, 2026, except that they received cash in lieu of any fractional shares of Honeywell Aerospace common stock that they would have received after application of such distribution ratio. After the date of the Aerospace Spin-Off, Honeywell Technologies does not beneficially own any shares of Honeywell Aerospace common stock and no longer consolidates Honeywell Aerospace into its financial results. The historical financial results of Honeywell Aerospace will be reflected in Honeywell Technologies’ consolidated financial statements as discontinued operations under GAAP for all periods beginning in the third quarter of 2026. In addition, following completion of the Aerospace Spin-Off, we now manage our businesses through three reportable business segments: Building Automation, Process Automation and Technology, and Industrial Automation.
    On July 17, 2026, we acquired Johnson Matthey’s Catalyst Technologies business segment for total consideration of $1,750 million, net of cash acquired.
    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 were 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.
    OTHER MATTERS
    On June 29, 2026, following completion of the Aerospace Spin-Off as described above, the Company effected a one-for-two reverse stock split (the Reverse Stock Split) and proportionate reduction in the number of authorized shares of common stock. As a result of the Reverse Stock Split, every two shares of common stock issued and outstanding or held by Honeywell Technologies as treasury shares were automatically combined into one share of common stock, and the number of authorized shares of common stock was reduced from 2 billion to 1 billion with no change in par value. Any fractional shares were settled in cash. All share and per share amounts have been retrospectively adjusted to reflect the Reverse Stock Split for all periods presented.
    RESULTS OF OPERATIONS
    37    Honeywell International Inc.
    Consolidated Financial Results
    Net Sales by Segment
    38    Honeywell International Inc.
    39    Honeywell International Inc.
    Segment Profit by Segment
    40    Honeywell International Inc.
    CONSOLIDATED OPERATING RESULTS
    Net Sales
    The change in Net sales was attributable to the following:
    Q2 2026 vs. Q2 2025
    		Year to Date
    Volume— %(1 %)
    Price4 %4 %
    Foreign currency translation1 %1 %
    Acquisitions
    		1 %1 %
    Divestitures
    		(2 %)(2 %)
    Other
    		— %— %
     Total % change in Net sales4 %3 %
    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.
    Q2 2026 compared with Q2 2025
    Net sales increased due to the following:
    •Increased pricing and price adjustments to offset inflation,
    •Favorable impact of foreign currency translation, driven by the weakening of the U.S. dollar against the currencies in certain of our international markets, primarily the Australian dollar and Chinese renminbi, and
    •Incremental sales from recent acquisitions,
    •Partially offset by lower sales from the divestiture of the personal protective equipment (PPE) business.
    YTD 2026 compared with YTD 2025
    Net sales increased due to the following:
    •Increased pricing and price adjustments to offset inflation, and
    •Incremental sales from recent acquisitions,
    •Partially offset by lower sales from the divestiture of the PPE business, and
    •Lower sales volumes.
    41    Honeywell International Inc.
    Cost of Products and Services Sold
    Q2 2026 compared with Q2 2025
    Cost of products and services sold increased due to higher direct and indirect material costs and higher labor costs.
    YTD 2026 compared with YTD 2025
    Cost of products and services sold increased due to the following:
    •Higher direct and indirect material costs and higher labor costs of approximately $0.4 billion or 4%, and
    •Incremental costs from recent acquisitions of approximately $0.2 billion or 2%.
    Gross Margin

    Q2 2026 compared with Q2 2025
    Gross margin was flat and gross margin percentage decreased 170 basis points to 37.6% compared to 39.3% for the same period of 2025.
    YTD 2026 compared with YTD 2025
    Gross margin increased by approximately $0.1 billion and gross margin percentage decreased 100 basis points to 38.1% compared to 39.1% for the same period of 2025.
    42    Honeywell International Inc.
    Research and Development Expenses
    Q2 2026 compared with Q2 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.
    YTD 2026 compared with YTD 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 June 30,Six Months Ended June 30,
    2026202520262025
    Company funded research and development expenses$524 $459 $1,016 $875 
    Customer-sponsored research and development1
    		304 260 570 527 
    Total research and development costs$828 $719 $1,586 $1,402 
    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.
    43    Honeywell International Inc.
    Selling, General and Administrative Expenses
    Q2 2026 compared with Q2 2025
    Selling, general and administrative expenses were flat compared to the same period in 2025.
    YTD 2026 compared to YTD 2025
    Selling, general and administrative expenses were flat compared to the same period in 2025.
    Impairment of Assets Held for Sale
    Three Months Ended June 30,Six Months Ended June 30,
    2026202520262025
    Impairment of assets held for sale$48 $— $311 $15 
    Q2 2026 compared with Q2 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 June 30, 2026.
    YTD 2026 compared to YTD 2025
    Impairment of assets held for sale increased due to impairment charges recorded on the assets held for sale related to the Productivity Solutions and Services and Warehouse and Workflow Solutions businesses for the six months ended June 30, 2026.
    Loss on Debt Extinguishment
    Three Months Ended June 30,Six Months Ended June 30,
    2026202520262025
    Loss on debt extinguishment$2 $— $241 $— 
    Q2 2026 compared with Q2 2025
    Loss on debt extinguishment in the three months ended June 30, 2026 was due to the debt redemptions.
    YTD 2026 compared to YTD 2025
    Loss on debt extinguishment in the six months ended June 30, 2026 was due to the debt tender offers and redemptions.
    44    Honeywell International Inc.
    Gain on Deconsolidation of Subsidiary
    Three Months Ended June 30,Six Months Ended June 30,
    2026202520262025
    Gain on deconsolidation of subsidiary$(6,629)$— $(6,629)$— 
    Q2 2026 compared with Q2 2025
    Gain on deconsolidation of subsidiary in the three months ended June 30, 2026 was due to the deconsolidation of Quantinuum.
    YTD 2026 compared to YTD 2025
    Gain on deconsolidation of subsidiary in the six months ended June 30, 2026 was due to the deconsolidation of Quantinuum.
    Other (Income) Expense
    Three Months Ended June 30,Six Months Ended June 30,
    2026202520262025
    Other (income) expense$472 $(113)$465 $(342)
    Q2 2026 compared with Q2 2025
    Other income decreased due to the following:
    •Higher divestiture-related costs related to the Aerospace Spin-Off of approximately $0.7 billion,
    •Partially offset by higher pension income of approximately $0.1 billion.
    YTD 2026 compared to YTD 2025
    Other income decreased due to the following:
    •Higher divestiture-related costs related to the Aerospace Spin-Off of approximately $0.9 billion,
    •Partially offset by higher pension income of approximately $0.1 billion.
    Interest and Other Financial Charges
    Three Months Ended June 30,Six Months Ended June 30,
    2026202520262025
    Interest and other financial charges$363 $329 $719 $614 
    Q2 2026 compared with Q2 2025
    Interest and other financial charges increased due to the increase in debt from pre-separation debt financing in advance of the Aerospace Spin-Off net of debt tender offers and redemptions.
    YTD 2026 compared to YTD 2025
    Interest and other financial charges increased due to the increase in debt from pre-separation debt financing in advance of the Aerospace Spin-Off net of debt tender offers and redemptions.

    45    Honeywell International Inc.
    Tax Expense
    Q2 2026 compared with Q2 2025
    The effective tax rate increased 670 basis points due to the following:
    •Changes in accruals on foreign tax matters and transaction related tax costs primarily related to the Quantinuum deconsolidation and Aerospace Spin-Off of 1,020 basis points,
    •Partially offset by changes in valuation allowance of 380 basis points.

    YTD 2026 compared with YTD 2025
    The effective tax rate increased 190 basis points due to the following:
    •Changes in accruals on foreign tax matters of 560 basis points,
    •Partially offset by changes in valuation allowance of 340 basis points.
    Equity Loss
    Three Months Ended June 30,Six Months Ended June 30,
    2026202520262025
    Equity loss$265 $— $265 $— 
    Q2 2026 compared with Q2 2025
    Equity loss in the three months ended June 30, 2026 was due to equity losses on Quantinuum following the deconsolidation of Quantinuum in the second quarter of 2026.
    YTD 2026 compared to YTD 2025
    Equity loss in the six months ended June 30, 2026 was due to equity losses on Quantinuum following the deconsolidation of Quantinuum in the second quarter of 2026.






    46    Honeywell International Inc.

    Net Income from Continuing Operations
    Q2 2026 compared to Q2 2025
    Earnings per share of common stock–assuming dilution increased due to the following:
    •Gain on deconsolidation of Quantinuum ($15.78 after tax),
    •Partially offset by higher divestiture-related costs ($1.54 after tax).
    YTD 2026 compared with YTD 2025
    Earnings per share of common stock–assuming dilution increased due to the following:
    •Gain on deconsolidation of Quantinuum ($15.65 after tax),
    •Partially offset by higher divestiture-related costs ($2.05 after tax), and
    •Higher debt restructuring costs ($0.80 after tax).


    BACKLOG
    Our backlog of orders increased 12% to $38.0 billion as of June 30, 2026, compared to June 30, 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:
     
    June 30, 2026
    Aerospace Technologies$18,435 
    Building Automation2,675 
    Process Automation and Technology
    		9,258 
    Industrial Automation7,640 
    Total backlog$38,008 
    47    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.
    During the period reflected in the Quarterly Report on Form 10-Q, we globally managed our business operations through four reportable business segments: Aerospace Technologies, Building Automation, Process Automation and Technology, and Industrial Automation. Upon the Aerospace Spin-Off, we now manage our businesses through three reportable business segments: Building Automation, Process Automation and Technology, and Industrial Automation.
    AEROSPACE TECHNOLOGIES
    Effective the third quarter of 2026, the results of Aerospace Technologies will be reported within discontinued operations.

    Net Sales
    Three Months Ended
    June 30,    		Six Months Ended
    June 30,
    20262025%
    Change    		20262025%
    Change
    Net sales$4,532 $4,307 5 %$8,854 $8,479 4 %
    Cost of products and services sold2,889 2,718 5,564 5,310 
    Selling, general and administrative and other expenses517 491 1,020 972 
    Segment profit$1,126 $1,098 2 %$2,270 $2,197 3 %
    48    Honeywell International Inc.
    2026 vs. 2025
    Three Months Ended
    June 30,    		Six Months Ended
    June 30,
    Factors Contributing to Year-Over-Year ChangeNet
    Sales    		Segment
    Profit    		Net
    Sales    		Segment
    Profit
    Reported percent change
    		5 %2 %4 %3 %
    Less: Impact of divestitures to the prior period— %— %— %— %
    Reported percent change, adjusted for impact of divestitures
    		5 %2 %4 %3 %
    Less: Foreign currency translation— %— %— %— %
    Less: Acquisitions— %— %— %— %
    Less: Other— %— %— %— %
    Organic percent change1
    		5 %2 %4 %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.
    Q2 2026 compared to Q2 2025
    Sales increased $225 million due to higher organic sales of $128 million in Commercial Aviation Aftermarket driven by increased pricing and higher organic sales of $100 million in Commercial Aviation Original Equipment driven by increased volume.
    Segment profit increased $28 million and segment margin percentage decreased 70 basis points to 24.8% compared to 25.5% for the same period of 2025.
    YTD 2026 compared to YTD 2025
    Sales increased $375 million due to higher organic sales of $182 million in Commercial Aviation Aftermarket and higher organic sales of $118 million in Commercial Aviation Original Equipment, both driven by increased pricing.
    Segment profit increased $73 million and segment margin percentage decreased 30 basis points to 25.6% compared to 25.9% for the same period of 2025. Segment profit benefitted from higher organic sales driven by increased pricing, offset by an increase in inventory obsolescence charges of approximately $60 million, partially attributable to higher inventory balances.
    BUILDING AUTOMATION
    Net Sales
    49    Honeywell International Inc.
    Three Months Ended
    June 30,    		Six Months Ended
    June 30,
    20262025%
    Change    		20262025%
    Change
    Net sales$2,002 $1,826 10 %$3,884 $3,518 10 %
    Cost of products and services sold1,065 944 2,058 1,812 
    Selling, general and administrative and other expenses395 403 788 787 
    Segment profit$542 $479 13 %$1,038 $919 13 %
     
    2026 vs. 2025
     Three Months Ended
    June 30,    		Six Months Ended
    June 30,
    Factors Contributing to Year-Over-Year ChangeNet
    Sales    		Segment
    Profit    		Net
    Sales    		Segment
    Profit
    Reported percent change
    		10 %13 %10 %13 %
    Less: Impact of divestitures to the prior period— %— %— %— %
    Reported percent change, adjusted for impact of divestitures
    		10 %13 %10 %13 %
    Less: Foreign currency translation1 %1 %2 %3 %
    Less: Acquisitions— %

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    Held by

    holders ( registered funds via N-PORT, institutional investors via 13F). Showing top by dollar value.

    Holder Type ETF MF Position ($) % of holder Δ % of holder Holder AUM

    Recent insider activity

    Last 90 days. Open-market trades (purchases & sales) by directors, officers, and 10%+ owners. 1 transaction across 1 insider. Net: -17,032 shares, -$4,151,891.

    Date Insider Role Action Shares Price Value
    2026-07-27 West Kenneth J Pres/CEO Process Technologies Sell -17,032 ×6 $243.77 -$4,151,891

    Source: SEC Form 4 filings.

    Next expected filings

    • ~2026-10-22 10-Q expected by 2026-11-06 (in 84 days)
    • ~2027-02-16 10-K expected by 2027-03-07 (in 201 days)
    • ~2027-04-22 10-Q expected by 2027-05-07 (in 266 days)
    • ~2027-07-22 10-Q expected by 2027-08-06 (in 357 days)

    Predicted from historical filing cadence; not an SEC commitment.

    Recent SEC filings

    • 2026-07-24 10-Q/A Quarterly Report (Amended)
    • 2026-07-23 8-K Earnings Release; Financial Statements and Exhibits
    • 2026-07-23 10-Q Quarterly Report
    • 2026-06-29 8-K Material Agreement Entered; Completion of Acquisition/Disposition; Earnings Release; Material Modification to Rights; Officer/Director Change; Bylaws/Articles Amended; Regulation FD Disclosure; Financial Statements and Exhibits
    • 2026-06-15 8-K Officer/Director Change; Regulation FD Disclosure; Other Events
    • 2026-06-05 8-K Regulation FD Disclosure; Other Events; Financial Statements and Exhibits
    • 2026-06-02 8-K Officer/Director Change; Regulation FD Disclosure; Financial Statements and Exhibits
    • 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