Honeywell Delivers Margin Expansion Of Over 140 Basis Points And Earnings Per Share Of $2.21, Up 15%
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Honeywell (HON) Tops Q1 EPS by 26c, Revenues Miss
May 1, 2020 6:33 AM EDTHoneywell (NYSE: HON) reported Q1 EPS of $2.21, $0.26 better than the analyst estimate of $1.95. Revenue for the quarter came in at $8.46 billion versus the consensus estimate of $8.57 billion.
The company reported first-quarter earnings per share of $2.21, above guidance, operating profit growth of 3%, segment profit growth of 2%, and segment margin expansion of 140 basis points, all of which were at or above first-quarter guidance, with sales down 5%, or 4% organically."Honeywell delivered on our original earnings commitment for the first quarter, with EPS growth of 15% despite the substantial challenges we faced due to the COVID-19... More
