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BRIEF-Honeywell Raises Organic Growth, Segment Margin, And Adjusted EPS Guidance For Full Year

BRIEF-Honeywell Raises Organic Growth, Segment Margin, And Adjusted EPS Guidance For Full Year

Reuters · 07/28/2022 06:44
BRIEF-Honeywell Raises Organic Growth, Segment Margin, And Adjusted EPS Guidance For Full Year

- Honeywell International Inc HON:

  • HONEYWELL OVERDELIVERS ON SALES AND EARNINGS WITH STRONG SECOND QUARTER RESULTS; RAISES ORGANIC GROWTH, SEGMENT MARGIN, AND ADJUSTED EPS GUIDANCE FOR THE FULL YEAR

  • SEES FY SALES UP 5 TO 7 PERCENT

  • SEES FY SALES $35.5 BILLION TO $36.1 BILLION

  • QTRLY EARNINGS PER SHARE OF $1.84, ADJUSTED EARNINGS PER SHARE OF $2.10

  • QTRLY ORDERS UP 12%; BACKLOG UP 12% TO $29.5 BILLION, LED BY OUR LONG-CYCLE BUSINESSES

  • REPORTED Q2 ORGANIC SALES GROWTH OF 4%, OR 7% EXCLUDING IMPACT OF LOWER COVID-MASK VOLUMES, WIND DOWN OF OPERATIONS IN RUSSIA

  • QTRLY OPERATING MARGIN CONTRACTED BY 20 BASIS POINTS TO 17.9% PRIMARILY DUE TO AN ADDITIONAL CHARGE RELATED TO RUSSIA

  • SEES FY ORGANIC GROWTH SALES 5% - 7%

  • SEES FY SEGMENT MARGIN 21.3% - 21.7%

  • SEES FY FREE CASH FLOW $4.7B - $5.1B

  • Q2 EARNINGS PER SHARE VIEW $2.03, REVENUE VIEW $8.67 BILLION -- REFINITIV IBES DATA

  • FY2022 EARNINGS PER SHARE VIEW $8.68, REVENUE VIEW $35.82 BILLION -- REFINITIV IBES DATA

  • REMAIN CONFIDENT IN OUR DEMAND OUTLOOK FOR BACK HALF OF YEAR

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