earnings
confidence high
sentiment positive
materiality 0.85
Honeywell Q4 adj EPS $2.52 beats, FY22 adj EPS $8.76 above initial guidance; issues FY23 outlook
HONEYWELL INTERNATIONAL INC
2022-FY EPS reported
$7.27
revenue$35,466,000,000
- Q4 sales $9.2B (+6% reported, +10% organic); adj EPS $2.52 (+21% YoY) above guidance midpoint.
- FY22 adj EPS $8.76 exceeds initial guidance of $8.40-$8.70; segment margin expanded 70 bps to 21.7%.
- FY23 guidance: sales $36-37B (organic growth 2-5%), adj EPS $8.80-$9.20 (0-5% growth, 7-11% ex pension).
- Deployed $7.9B in capital in 2022, including over $4B in share repurchases; backlog $29.6B (+7% YoY).
- Q4 SPS segment margin surged 940 bps to 20.2%; HBT margin up 370 bps to 24.8%.