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HONEYWELL DELIVERS STRONG SECOND QUARTER RESULTS AND BEATS EARNINGS GUIDANCE; UPDATES 2024 OUTLOOK
Prnewswire· 2024-07-25 10:00
| --- | --- | --- | --- | |------------------------------|----------|----------|---------| | | 2Q 2024 | 2Q 2023 | Change | | Sales | $9,577 | $9,146 | 5 % | | Organic1 Growth | | | 4 % | | Operating Income Margin | 20.7 % | 20.6 % | 10 bps | | Segment Profit1 | $2,199 | $2,113 | 4 % | | Segment Margin1 | 23.0 % | 23.1 % | -10 bps | | Earnings Per Share | $2.36 | $2.22 | 6 % | | Adjusted Earnings Per Share1 | $2.49 | $2.30 | 8 % | | Operating Cash Flow | $1,371 | $1,360 | 1 % | | Free Cash Flow1 | $1,112 | ...
Aerospace To Drive Honeywell's Q2?
Forbes· 2024-07-24 15:45
BASILDON, ENGLAND - JANUARY 15: A general exterior view of the logo sign on the Honeywell ... [+] International Inc office building on January 15, 2024 in Basildon, United Kingdom. (Photo by John Keeble/Getty Images) Getty Images In fact, consistently beating the S&P 500 — in good times and bad — has been difficult over recent years for individual stocks; for heavyweights in the Industrials sector including CAT and UNP, and even for the megacap stars GOOG, TSLA, and MSFT. In contrast, the Trefis High Qualit ...
Honeywell (HON) Gears Up to Post Q2 Earnings: What to Expect
ZACKS· 2024-07-22 16:45
Strength across Honeywell's commercial aviation aftermarket business, driven by solid demand in the air transport and business aviation markets, is likely to have supplemented the top-line performance of its Aerospace Technologies segment in the second quarter. Also, strength in the company's commercial aviation original equipment business, backed by an improvement in build rates, is likely to have boosted the segment's performance. Solid momentum in the defense and space business, owing to stable U.S. and ...
HONEYWELL SELECTED BY UNITED AIRLINES TO PROVIDE WIDE ARRAY OF COCKPIT TECHNOLOGY FOR NEW 737 MAX AIRCRAFT
Prnewswire· 2024-07-22 07:00
FARNBOROUGH, England, July 22, 2024 /PRNewswire/ -- Honeywell (NASDAQ: HON) has been selected by United Airlines to provide a wide range of avionics for new 737 MAX aircraft that will enter service over the next decade, including technologies such as the industry's only 3D weather radar, new 25-hour flight data recorders and advanced traffic avoidance systems. "We are proud to continue our long-standing relationship with United Airlines to provide advanced avionics for its growing 737 MAX fleet," said Heath ...
Honeywell: The Aerospace, Automation And Renewable Energy Trends Should Unlock Growth (Rating Upgrade)
Seeking Alpha· 2024-07-18 13:22
For the second quarter, analysts expect between $9.3 billion and $9.47 billion in revenues, with a mid-point estimate of $9.42 billion providing 3% growth. The reason sales growth is not extremely high is because the comp is becoming more challenging and some business segments are not expected to perform as strongly. One example is the PPE unit that surged during the pandemic but is now not performing as strongly, and Honeywell is even exploring selling the unit that would be valued in excess of $2 billion. ...
3 Stocks Set for Explosive Growth for the Rest of 2024
Investor Place· 2024-07-15 10:15
Notably, blindly picking high-growth stocks featuring good metrics is not a prudent strategy. This is especially true since growth stocks tend to be more volatile. The potential of riding a growth stock trend improves when a company has delivered consistent growth. While there's no one-size-fits-all answer, growth investing often requires patience. Holding the following three high-growth stocks past this year may allow their growth potential to fully materialize. Source: Shutterstock Kingsale's strategy has ...
Honeywell International Inc. (HON) Advances While Market Declines: Some Information for Investors
ZACKS· 2024-07-11 23:22
For the annual period, the Zacks Consensus Estimates anticipate earnings of $10.17 per share and a revenue of $38.66 billion, signifying shifts of +11.03% and +5.45%, respectively, from the last year. Investors should also note that HON has a PEG ratio of 2.23 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As the market closed yesterday, the Diversified Operations industry was having an average PEG ratio ...
Honeywell (HON) to Acquire Air Products' LNG Process Business
ZACKS· 2024-07-11 15:41
HON's shares gained 1.9% yesterday to eventually close the trading session at $214.49. The latest buyout is in sync with Honeywell's policy of acquiring businesses to strengthen its business and expand its market share. The inclusion of LNG process technology and equipment business expertise in inhouse design and manufacturing of coil-wound heat exchangers and related equipment portfolio will boost HON's energy transition portfolio. This acquisition will enable Honeywell to offer a comprehensive solution fo ...
HONEYWELL TO ACQUIRE AIR PRODUCTS' LIQUEFIED NATURAL GAS PROCESS TECHNOLOGY AND EQUIPMENT BUSINESS TO EXPAND ENERGY TRANSITION SOLUTIONS AND SERVICES
Prnewswire· 2024-07-10 11:00
CHARLOTTE, N.C., July 10, 2024 /PRNewswire/ -- Honeywell (Nasdaq: HON) and Air Products (NYSE: APD) jointly announced today that Honeywell has agreed to acquire Air Products' liquefied natural gas (LNG) process technology and equipment business for $1.81 billion in an all-cash transaction. This represents approximately 13x estimated 2024 EBITDA. "While the world continues to build the renewables-based energy infrastructure of the future, natural gas is a critical lower-emission and affordable transition fue ...
HONEYWELL TO RELEASE SECOND QUARTER FINANCIAL RESULTS AND HOLD ITS INVESTOR CONFERENCE CALL ON THURSDAY, JULY 25
Prnewswire· 2024-06-27 13:00
Honeywell uses our Investor Relations website, www.honeywell.com/investor, as a means of disclosing information which may be of interest or material to our investors and for complying with disclosure obligations under Regulation FD. Accordingly, investors should monitor our Investor Relations website, in addition to following our press releases, SEC filings, public conference calls, webcasts, and social media. Contacts: | --- | --- | |---------------------|-------------------------------| | | | | Media | In ...