Honeywell (HON) Tops Q1 EPS by 8c, Beats on Revenue; Offers FY Guidance

Honeywell (NASDAQ: HON) reported Q1 EPS of $2.25, $0.08 better than the analyst estimate of $2.17. Revenue for the quarter came in at $9.1 billion versus the consensus estimate of $9.03 billion.

Honeywell maintained its full-year sales, segment margin, adjusted earnings per share, and cash flow guidance. Full-year sales are expected to be $38.1 billion to $38.9 billion, with organic sales growth in the range of 4% to 6%. Analysts were looking for $38.48 billion.

Segment margin is expected to be in the range of 23.0% to 23.3%, with segment margin expansion of 30 to 60 basis points. Adjusted earnings per share is expected to be in the range of $9.80 to $10.10, up 7% to 10%, which compares to the consensus of $9.95.

Operating cash flow is expected to be in the range of $6.7 billion to $7.1 billion, with free cash flow of $5.6 billion to $6.0 billion.

For earnings history and earnings-related data on Honeywell (HON) click here.

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