How does Honeywell's performance in the Building Automation segment compare to other segments in 2024?

Honeywell's Building Automation segment showed strong performance in 2024, with notable growth compared to some other segments: 1. **Revenue Growth**: The Building Automation segment experienced a 14% year-over-year increase in sales, reaching $1.75 billion. This growth was driven by ongoing strength in the building solutions business, despite softness in the building products unit. 2. **Segment Margin**: The segment margin for Building Automation was 23.6%, which is above the company's guidance and represents a healthy profitability level. 3. **Comparison with Other Segments**: - **Aerospace Technologies**: This segment showed even stronger growth, with a 12% year-over-year increase in revenues, reaching $3.91 billion. The growth was driven by both commercial aviation and defense and space markets. - **Industrial Automation**: This segment experienced a decline of 5% in revenues, falling to $2.50 billion. Volume softness in warehouse and workflow solutions contributed to this decline. - **Energy and Sustainability Solutions**: This segment saw a 1% increase in revenues, reaching $1.56 billion. Strength in advanced materials and increased demand for fluorine products supported this growth. In summary, the Building Automation segment performed well, especially considering the softness in some other segments like Industrial Automation. The segment's focus on building solutions and the robust backlog it carries are key factors in its strong performance.