Honeywell (HON) Tops Q2 EPS by 11c, Raises FY Guidance

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Go back to Honeywell (HON) Tops Q2 EPS by 11c, Raises FY Guidance

Honeywell Beats Guidance And Delivers 8% Reported Sales Growth And 29% Operating Cash Flow Growth; Raises High End Of 2018 Earnings Guidance(1) By 10 Cents

July 20, 2018 6:30 AM EDT

MORRIS PLAINS, N.J., July 20, 2018 /PRNewswire/ -- Honeywell (NYSE: HON) today announced financial results for the second quarter of 2018 and raised its full-year sales, segment margin, earnings per share1, and free cash flow4 guidance.

"Honeywell delivered another outstanding quarter with continued top-line growth, strong margin expansion, and double-digit earnings per share and free cash flow growth. Organic sales grew 6 percent, driven by continued strength in Aerospace; demand for Intelligrated warehouse automation solutions; and growth in residential thermal solutions, thermostats and ADI global distribution in our Homes business. We also saw continued robust short-cycle... More