Honeywell Q3 beats EPS guidance; sales $9.2B, orders up 10%, backlog record $31.4B

HONEYWELL INTERNATIONAL INC

2023-Q3 EPS reported $6.56 revenue$27,222,000,000

Sales $9.2B, up 3% reported, 2% organic; EPS $2.27 beats high end of guidance range.
Orders +10% YoY; backlog $31.4B (record, +8% YoY); Aerospace sales +18% organic, 5th consecutive double-digit quarter.
Segment margin expanded 80bps to 22.6%; operating margin +140bps to 20.9%; free cash flow $1.6B (16.9% margin).
Full-year guidance: sales $36.8-37.1B, organic growth 4-5%; adjusted EPS $9.10-$9.20; segment margin 22.5-22.6%.
Deployed $2.0B capital; repurchased 5.3M shares (more than double sequential).

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 Q3 2023 results: revenue $9.2 Billion, EPS $2.27.

Period: Q3 2023
Revenue: $9.2 Billion
EPS: $2.27
Result: reported results

Exact text from the filing

Sales of $9.2 Billion, Reported Sales Up 3%, Organic 1 Sales Up 2% • Orders Up 10%, Backlog Up 8% Year Over Year to a Record Level of $31.4 Billion • Aerospace Sales Up 18%, Double-Digit Growth in Both Commercial Aviation and Defense and Space • Operating Margin Up 140 Basis Points to 20.9%; Segment Margin 1 Up 80 Basis Points to 22.6% • Earnings Per Share of $2.27, Exceeding High End of Guidance Range

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

HONEYWELL INTERNATIONAL INC reported FY2023 results: revenue $36.8 billion to $37.1 billion, EPS $9.10 to $9.20. Guidance reaffirmed.

Period: FY2023
Revenue: $36.8 billion to $37.1 billion
EPS: $9.10 to $9.20
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

Full-year sales are now expected to be $36.8 billion to $37.1 billion with organic 1 sales growth in the range of 4% to 5%. Segment margin 2 is now expected to be in the range of 22.5% to 22.6%, with segment margin expansion 2 of 80 to 90 basis points, up 10 basis points on the low end from the prior guidance range. Adjusted earnings per share 2,3 is now expected to be in the range of $9.10 to $9.20, narrowing the range by 5 cents on both ends from the prior guidance range.

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Source: SEC EDGAR

accession 0000773840-23-000083

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