Honeywell Technologies reported a 6% year-over-year decline in organic revenue for its Process Automation and Technology segment in the first quarter of 2026. The drop was driven by a 10% fall in aftermarket organic sales due to lower refining catalyst shipments and project delays, along with reduced customer demand in the Middle East amid ongoing geopolitical tensions. The company expects the Middle East conflict to negatively impact segment sales by 1% in the second quarter. Despite the near-term headwinds, orders in the segment's petrochemical and refining verticals grew 11% year over year in the first quarter. Honeywell Technologies became a standalone public company on June 29 following the spin-off of the Aerospace Technologies business from Honeywell International, completing a multi-year restructuring into three independent publicly traded companies.
Honeywell International IncHoneywell International's former Process Automation segment (now Honeywell Technologies) reported 6% organic revenue decline due to lower aftermarket sales and reduced customer demand in the Middle East.
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