Honeywell continued its portfolio reshaping, announcing April 23 an agreement to sell its Warehouse and Workflow Solutions (WWS) business to private equity firm American Industrial Partners — just three days after striking a deal to divest its Productivity Solutions and Services unit.

The WWS business — which includes the Intelligrated and Transnorm brands — provides warehouse automation, material handling and supply chain execution solutions. The all-cash deal’s financial terms were not disclosed and is expected to close in the second half of 2026.

The divestiture follows Honeywell’s broader strategic review launched in mid-2025 to streamline its portfolio ahead of a planned breakup into separate businesses.

Combined with the previously announced $1.4 billion sale of its Productivity Solutions and Services (PSS) unit to Brady Corp., the moves signal Honeywell’s accelerated exit from parts of its warehouse automation and data capture portfolio.

The WWS unit generated roughly $935 million in 2025 revenue and will operate as a standalone company under AIP ownership, which said it plans to build on its warehouse automation capabilities amid strong secular demand tied to eCommerce and supply chain digitization.

The sale was announced alongside Honeywell’s 1Q26 results, which reflected modest top-line growth and continued margin expansion. The company reported sales of $9.1 billion, up 2% year-over-year, with orders rising 7% and backlog reaching roughly $38 billion.

Adjusted EPS increased 11% to $2.45, while reported EPS declined due to separation-related costs as Honeywell advances its restructuring.

Operating margin reached 16.1%, with segment margin at 23.3%, as productivity initiatives helped offset a mixed demand environment.

Honeywell reaffirmed its full-year 2026 outlook, signaling confidence in its core businesses even as it executes a series of divestitures and prepares for a planned aerospace spin-off later this year.

Additionally, Honeywell announced April 22 that its quantum computing unit — Quantinuum — has confidentially submitted a draft registration statement to U.S. regulators, formally advancing plans for a potential initial public offering.