Honeywell (HON) Tops Q2 EPS by 2c; Bumps Guidance Higher
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HONEYWELL DELIVERS STRONG SECOND QUARTER RESULTS AND RAISES FULL-YEAR SALES, SEGMENT MARGIN, AND ADJUSTED EPS GUIDANCE
July 27, 2023 6:30 AM EDTSales of $9.1 Billion, Reported Sales Up 2%, Organic1 Sales Up 3%, Operating Cash Flow Up 72%, Free Cash Flow1 Up 34%Earnings Per Share of $2.22 and Adjusted Earnings Per Share1 of $2.23Aerospace Reported Sales Up 15%, Organic1 Sales Up 16%, Led by Over 20% Growth in Commercial AviationBacklog Up 4% to a Record Level of $30.5 BillionOperating Margin Up 270 Basis Points to 20.6%; Segment Margin1 Up 150 Basis Points to 22.4%Announced Three Acquisitions... More
