SPY389.63+0.17 0.04%
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IXIC11,354.62-33.88 -0.30%

BRIEF-Honeywell Reports First Quarter Results

reuters.com · 04/29/2022 06:59
BRIEF-Honeywell Reports First Quarter Results

- Honeywell International Inc HON:

  • HONEYWELL DELIVERS STRONG FIRST QUARTER RESULTS, ADJUSTED EPS EXCEEDS HIGH END OF GUIDANCE RANGE; RAISES FULL-YEAR ADJUSTED EPS RANGE BY 10 CENTS AND MIDPOINT OF SALES GUIDANCE

  • SEES FY ADJUSTED EARNINGS PER SHARE $8.50 TO $8.80

  • SEES FY SALES UP 4 TO 7 PERCENT

  • SEES FY SALES $35.5 BILLION TO $36.4 BILLION

  • QTRLY SALES OF $8.4 BILLION AT HIGH END OF PREVIOUS GUIDANCE, DOWN 1% YEAR OVER YEAR, UP 1% ON AN ORGANIC BASIS

  • QTRLY EARNINGS PER SHARE OF $1.64, ADJUSTED EARNINGS PER SHARE(1) OF $1.91, EXCEEDING HIGH END OF GUIDANCE RANGE

  • HONEYWELL INTERNATIONAL -QTRLY OPERATING MARGIN CONTRACTED TO 15.2% DUE TO $183 MILLION CHARGE RELATED TO SUBSTANTIAL SUSPENSION OF OPERATIONS IN RUSSIA

  • QTRLY SEGMENT MARGIN 21.1% VERSUS 21.0%

  • Q1 EARNINGS PER SHARE VIEW $1.86 -- REFINITIV IBES DATA

  • Q1 REVENUE VIEW $8.29 BILLION -- REFINITIV IBES DATA

  • FY2022 EARNINGS PER SHARE VIEW $8.60 -- REFINITIV IBES DATA

  • FY2022 REVENUE VIEW $36.01 BILLION -- REFINITIV IBES DATA

Source text for Eikon: ID:nPn9MWPb0a

Further company coverage: HON


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