earnings
confidence high
sentiment neutral
materiality 0.75
Honeywell Q3 adj EPS $2.58 beats guidance; cuts FY sales view to $38.6-38.8B
HONEYWELL INTERNATIONAL INC
2024-Q3 EPS reported
$6.75
revenue$28,410,000,000
- Reported sales $9.73B (+6% reported, +3% organic); adj EPS $2.58 (+8% YoY) above high-end guidance.
- Full-year 2024 sales guidance lowered to $38.6-38.8B (prev $39.1-39.7B); organic growth cut to 3-4% from 5-6%.
- Segments: Aerospace Tech organic +10% (9th straight double-digit); Industrial Automation -5%; Building Auto +3%; ESS +1%.
- Closed $1.9B CAES Systems and $1.8B Air Products LNG acquisitions; announced spin-off of Advanced Materials and exit of PPE business.
- Operating cash flow $2.0B; FCF $1.7B (+10% YoY); FY FCF guidance reduced to $5.1-5.4B from $5.5-5.9B.