earnings
confidence high
sentiment positive
materiality 0.70
Honeywell Q1 beats EPS guidance; sales up 3%, backlog record $32B
HONEYWELL INTERNATIONAL INC
2024-Q1 EPS reported
$2.23
revenue$9,105,000,000
- Sales $9.1B, up 3% organic; operating margin 20.4% (+130 bps); EPS $2.23, adjusted EPS $2.25 above guidance high end.
- Aerospace Technologies organic sales +18%; Industrial Automation -13% organic on warehouse weakness; Building Automation -3% organic.
- Backlog $32.0B, up 6% YoY; deployed $1.6B in dividends, buybacks, and capex.
- Full-year 2024 guidance maintained: sales $38.1-38.9B, adj EPS $9.80-10.10, free cash flow $5.6-6.0B.
- Announced planned acquisition of Civitanavi Systems to enhance aerospace navigation offerings.