Honeywell (HON) Tops Q1 EPS by 14c; Raises Outlook
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HONEYWELL DELIVERS STRONG FIRST QUARTER RESULTS AND BEATS GUIDANCE ON ALL METRICS, RAISES FULL-YEAR SALES, SEGMENT MARGIN, AND ADJUSTED EPS GUIDANCE
April 27, 2023 6:00 AM EDTSales of $8.9 Billion, Reported Sales Up 6%, Organic1 Sales Up 8%Operating Margin up 390 Basis Points to 19.1%; Segment Margin1 up 90 Basis Points to 22.0%Earnings Per Share and Adjusted Earnings Per Share1 of $2.07, Exceeding High End of Guidance by 11 CentsBacklog2 Increased to a Record $30.3 Billion, Up 6% Year over YearAnnounced $670 Million Acquisition of Compressor Controls CorporationCompany Raises Midpoint of... More
