Honeywell Q1 beats guidance; raises FY sales and adj. EPS outlook

HONEYWELL INTERNATIONAL INC

2023-Q1 EPS reported $2.07 revenue$8,864,000,000

Q1 sales $8.9B (+6% reported, +8% organic); EPS $2.07 (beat high end by $0.11).
Segment margin expanded 90bps to 22.0%; operating margin up 390bps to 19.1%.
Record backlog $30.3B (+6% YoY); announced $670M acquisition of Compressor Controls Corp.
Raises FY23 sales guidance to $36.5-37.3B, adj. EPS to $9.00-9.25 (midpoint up $0.13).
Free cash flow ex-settlements $0.3B in Q1; FY FCF guidance reaffirmed $3.9-4.3B.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

HONEYWELL INTERNATIONAL INC reported first quarter 2023 results: revenue $8.9 Billion, EPS $2.07. Guidance raised.

Period: first quarter 2023
Revenue: $8.9 Billion
EPS: $2.07
Guidance: raised
Result: reported results

Exact text from the filing

HONEYWELL DELIVERS STRONG FIRST QUARTER RESULTS AND BEATS GUIDANCE ON ALL METRICS, RAISES FULL-YEAR SALES, SEGMENT MARGIN, AND ADJUSTED EPS GUIDANCE • Sales of $8.9 Billion, Reported Sales Up 6%, Organic 1 Sales Up 8% • Operating Margin up 390 Basis Points to 19.1%; Segment Margin 1 up 90 Basis Points to 22.0% • Earnings Per Share and Adjusted

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Source: SEC EDGAR

accession 0000773840-23-000035

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