earnings
confidence high
sentiment positive
materiality 0.75
Honeywell beats Q2 EPS guidance; updates FY2024 outlook higher despite segment margin pressure
HONEYWELL INTERNATIONAL INC
2024-Q2 EPS reported
$4.59
revenue$18,682,000,000
- Q2 sales $9.6B (+5% reported, +4% organic); EPS $2.36, adjusted EPS $2.49 above guidance high end.
- Aerospace Technologies organic sales +16%; Industrial Automation -8% organic; Building Automation +1% organic; ESS +3% organic.
- FY2024 guidance raised: sales now $39.1B-$39.7B (prev. $38.5B-$39.3B); adj. EPS $10.05-$10.25 (prev. $10.15-$10.45).
- Segment margin guidance narrowed to 23.3%-23.5% (previously 23.8%-24.1%), reflecting mix and volume headwinds.
- Capital deployment of $6.4B including closing $5B Access Solutions and announcing $1.9B CAES and $1.8B LNG acquisitions.