Shares of Honeywell International (NASDAQ: HON ) have been under pressure since the company released its third quarter earnings report (for the period ended Sep. 30). Despite steady growth and climbing profitability, the industrial giant's results were overshadowed by muted full-year guidance. The stock Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase ...

Honeywell International Inc. (HON) reported third-quarter 2024 adjusted earnings of $2.58 per share, which surpassed the Zacks Consensus Estimate of $2.50. The bottom line increased 8% year over year on an adjusted basis. On a reported basis, the company's earnings were $2.16 per share, down 5%. Total revenues of $9.73 billion missed the consensus estimate of $9.90 billion. The top line increased 6% from the year-ago quarter, driven by strength in the Aerospace Technologies segment. Organic sales also incre ...

Key Takeaways Honeywell International missed third-quarter revenue estimates Thursday as demand for its industrial automation products declined. Sales at the Industrial Automation division dipped 5%, but they were higher for all other Honeywell units. The company lowered its full-year sales outlook. Its shares also fell Thursday, weighing on the Dow. Honeywell International (HON) shares declined Thursday after the aviation and safety equipment manufacturer missed sales estimates and lowered its revenue guid ...

A slight earnings beat doesn't mask headwinds impacting the business. Honeywell International (HON -4.44%) beat earnings expectations for the quarter, but revenue was soft and earnings were aided by some below-the-line items. Investors weren't impressed, sending Honeywell shares down 4% as of 11:30 a.m. ET. An underwhelming beat Honeywell is a diversified manufacturer with exposure to a lot of different businesses, but a lot of those end markets are facing headwinds right now. The company reported third-qua ...

Financial Data and Key Metrics - Q3 2024 organic sales growth was 3%, below guidance, but aerospace technologies showed sustained strength [5] - Adjusted EPS was $2.58, up 8% YoY, exceeding the high-end of guidance [16] - Free cash flow increased 10% YoY to $1.7 billion, driven by stronger operational income and higher collections [16] - Backlog grew 10% YoY to a record $34 billion, with a book-to-bill ratio of 1.1 [14] - Full-year sales guidance revised to $38.6 billion to $38.8 billion, representing organic growth of 3% to 4%, down from 5% to 6% previously [24] Business Segment Performance Aerospace Technologies - Sales grew 10% organically YoY, marking the ninth consecutive quarter of double-digit growth [17] - Defense & Space and Commercial Aviation OE both saw double-digit growth [17] - Segment margin remained flat at 27.7% due to cost inflation and mix pressure [18] Industrial Automation - Sales were flat sequentially but declined 5% organically YoY, primarily due to lower volumes in warehouse and workflow solutions [18] - Segment margin expanded 60 basis points to 20.3% due to productivity actions and commercial excellence [20] Building Automation - Sales grew 14% YoY and 11% sequentially, driven by the Access Solutions acquisition and acceleration in the fire business [20] - Orders grew 25% YoY, led by strong demand in data centers, healthcare, and energy [21] - Segment margin expanded 30 basis points to 25.9% [21] Energy and Sustainability Solutions - Sales grew 1% organically, with Advanced Materials up 3% YoY [21] - UOP orders reached a record $1 billion, with sustainable technology solutions accounting for over $200 million [22] - Segment margin expanded 10 basis points to 24.5% [22] Market and Strategic Direction - The company is focusing on three megatrends: automation, the future of aviation, and energy transition [9] - Four acquisitions were closed in 2024, representing over $9 billion in deployed capital, aligning with the company's strategic priorities [10] - Advanced Materials will be spun off into an independent, publicly-traded company to focus on sustainability-focused specialty chemicals and materials [11] - The PPE business was reclassified as an asset held for sale to strengthen core business growth and margins [12] Management Commentary on Operating Environment and Future Outlook - The company expects organic growth across all four businesses in 2025, with margin expansion driven by volume leverage and productivity actions [33] - Despite macroeconomic challenges, the company remains confident in its ability to execute its long-term growth algorithm [32] - The company is cautious about the short-term macroeconomic environment but sees a constructive outlook due to its robust backlog and leading market positions [33] Other Important Information - The company deployed $3.1 billion in capital in Q3, including $2.1 billion in M&A, $700 million in dividends, and $300 million in high-return CapEx [16] - Full-year capital deployment is expected to reach a record $14 billion in 2024 [12] - The company expects adjusted EPS for 2024 to be between $10.15 and $10.25, up 7% to 8% YoY [31] Q&A Session Summary Question: Thoughts on 2025 outlook and cost-cutting measures - The company plans to provide detailed 2025 guidance in January but expects organic growth across all segments and margin expansion [36][37] - Repositioning guidance was adjusted due to lower Q3 spending, but the company maintains a robust productivity pipeline [38][39] Question: Impact of portfolio actions on organic growth and margins - Portfolio actions, such as the Advanced Materials spin-off and PPE divestiture, are driven by strategic fit and are expected to accelerate organic growth and margin expansion [40][41] Question: Free cash flow guidance reduction - The reduction in free cash flow guidance is primarily due to slower inventory progress in Aerospace and slower payment cycles in high-growth regions [45] Question: Aerospace performance and Boeing strike impact - The Boeing strike had no impact on Q4 revenue, but the company is adjusting shipments to aftermarket customers [48] - Commercial aftermarket growth was led by ATR, with BGA showing single-digit growth [49] Question: Portfolio divestiture pipeline - The company has largely completed its initial portfolio reshaping but will continue to evaluate opportunities for further optimization [73][74] Question: Project delays in Process Solutions - Project delays in Process Solutions were due to short-cycle pushouts, driven by geopolitical uncertainty and oil price fluctuations [76][77] Question: Defense business growth outlook - The defense business is expected to maintain strong growth in 2025, supported by robust order books and supply chain normalization [78] Question: Accelerating new product development - The company expects a material step-up in core growth in 2025 due to accelerated new product development and the evolution of the Accelerator operating system [81][82] Question: Geographic performance - Europe showed signs of recovery in Building Automation, while China remains flat to slightly contracting in automation businesses [83][84]

Honeywell International Inc. (HON) reported $9.73 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 5.6%. EPS of $2.58 for the same period compares to $2.27 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $9.9 billion, representing a surprise of -1.71%. The company delivered an EPS surprise of +3.20%, with the consensus EPS estimate being $2.50. While investors closely watch year-over-year changes in headline numbers -- revenue an ...

Key Takeaways Honeywell International missed third-quarter revenue estimates Thursday as demand for its industrial automation products declined. Sales at the Industrial Automation division dipped 5%, but they were higher for all other Honeywell units. The company lowered its full-year sales outlook. Honeywell International (HON) shares declined Thursday after the aviation and safety equipment manufacturer missed sales estimates and lowered its revenue guidance as demand for its industrial automation product ...

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Title of each classTrading Symbol(s) Name of each exchange on which registered Emerging growth company ☐ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q __________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to _____ Commission file number 1- ...

Honeywell International Inc. (HON) came out with quarterly earnings of $2.58 per share, beating the Zacks Consensus Estimate of $2.50 per share. This compares to earnings of $2.27 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.20%. A quarter ago, it was expected that this company would post earnings of $2.42 per share when it actually produced earnings of $2.49, delivering a surprise of 2.89%.Over the last four quarters, th ...