Honeywell lists PSS and WWS for sale to sharpen focus on industrial automation

Honeywell narrows automation focus as PSS and WWS go up for sale

Honeywell International is accelerating a strategic shift toward its core automation business by classifying its Productivity Solutions and Services (PSS) and Warehouse and Workflow Solutions (WWS) units as assets held for sale, the company discloses in its Feb. 17, 2026 Form 10‑K. The move is part of a broader portfolio optimization intended to concentrate investment and management attention on industrial automation, where Honeywell sees long‑term growth and operational leverage. The company says the divestitures are ongoing and that it continues to evaluate transactional information through the sale process.

The sale process produces near‑term accounting effects. Subsequent incremental information obtained during the sale leads Honeywell to record additional impairment charges in 2025, including a $436 million incremental goodwill impairment tied to its Industrial Automation segment and a $35 million impairment on assets held for sale, partially offset by a $61 million tax benefit. These adjustments prompt the company to revise reported full‑year continuing EPS to $6.94, net income from continuing operations to $4,468 million, operating income to $5,573 million and operating margin to 14.9%.

Despite the charge, Honeywell stresses the impairments do not change its previously announced adjusted fourth‑quarter or full‑year 2025 results, nor its 2026 guidance. The company reiterates that closing transactions will be conditional on strategic alignment and that core automation investments and execution for 2026 remain priorities. Honeywell continues to expect to announce a sale of the PSS and WWS businesses in the first half of 2026.

Accounting disclosure and investor access

Honeywell files the Annual Report on Form 10‑K with audited financial statements and Management’s Discussion and Analysis, making the filing available on its investor website and the SEC’s EDGAR system. The 10‑K reflects the company’s updated accounting for the assets held for sale and provides additional detail on the impairment methodology and assumptions used in the goodwill assessment.

Platforms and strategic positioning

The company emphasizes its integrated operating model, supported by the Honeywell Accelerator operating system and Honeywell Forge platform, as central to its strategy going forward. Management says it seeks buyers that align with its strategic priorities and will prioritize transactions that allow Honeywell to sharpen its focus on automation software, services and industrial control systems.