Financial Performance - Honeywell reported net sales of $9,728 million for the three months ended September 30, 2024, an increase of 5.6% compared to $9,212 million in the same period of 2023[9]. - The company's net income for the three months ended September 30, 2024, was $1,415 million, down from $1,515 million in the same period of 2023, representing a decrease of 6.6%[11]. - Earnings per share (EPS) for the third quarter of 2024 was $2.17, compared to $2.29 in the same quarter of 2023, reflecting a decline of 5.2%[9]. - Honeywell's total costs and expenses for the three months ended September 30, 2024, were $7,904 million, an increase from $7,245 million in the same period of 2023, marking a rise of 9.1%[9]. - The company reported a comprehensive income of $1,107 million for the three months ended September 30, 2024, down from $1,572 million in the same period of 2023[11]. - For the nine months ended September 30, 2024, net sales reached $28,410 million, compared to $27,222 million for the same period in 2023, reflecting a growth of 4.4%[39]. Cash and Debt Management - Honeywell's cash and cash equivalents increased to $10,644 million as of September 30, 2024, compared to $7,925 million at the end of 2023[13]. - Long-term debt rose to $25.934 billion as of September 30, 2024, compared to $16.562 billion at December 31, 2023, marking an increase of 56.5%[14]. - The company reported net cash provided by operating activities for the nine months ended September 30, 2024, was $3.816 billion, significantly higher than $2.385 billion for the same period in 2023, indicating a growth of 60.2%[16]. - The company issued a total of $3.5 billion in August 2024 Senior Notes, with interest rates ranging from 4.65% to 5.00%[65]. - The company entered into a $1.5 billion 364-day credit agreement and a $4.0 billion amended and restated five-year credit agreement in March 2024, with no outstanding borrowings as of September 30, 2024[66]. Acquisitions and Investments - The company acquired Air Products' liquefied natural gas process technology and equipment business for a total consideration of $1,837 million, enhancing its energy transition portfolio[26]. - Honeywell acquired CAES Systems Holdings LLC for $1,930 million, enhancing its defense and space portfolio with high-reliability radio frequency technologies[29]. - The acquisition of Civitanavi Systems S.p.A. was completed for $200 million, focusing on position navigation and timing technology for aerospace and defense markets[30]. - Carrier Global Corporation's Global Access Solutions business was acquired for $4,917 million, which includes $2,050 million in intangible assets and $2,826 million in goodwill[31]. - The company reported capital expenditures of $771 million for the nine months ended September 30, 2024, compared to $675 million for the same period in 2023, an increase of 14.2%[16]. Shareholder Equity and Dividends - Honeywell's total shareowners' equity increased to $17,974 billion as of September 30, 2024, from $16,434 billion at December 31, 2023, a growth of 9.4%[14]. - Honeywell declared cash dividends per share of $1.08 for the third quarter of 2024, up from $1.03 in the same quarter of 2023, indicating a year-over-year increase of approximately 4.85%[18]. - The ending balance of retained earnings as of September 30, 2024, was $50,287 million, compared to $47,426 million in the prior year, marking an increase of approximately 6.0%[18]. Segment Performance - Aerospace Technologies segment reported net sales of $11,472 million for the nine months ended September 30, 2024, up from $9,951 million in the prior year[39]. - Industrial Automation segment net sales decreased to $7,485 million for the nine months ended September 30, 2024, compared to $8,160 million in the same period of 2023[39]. - Building Automation segment achieved net sales of $1,745 million for the three months ended September 30, 2024, up from $1,530 million in the same period of 2023, marking a growth of 14.0%[107]. - Energy and Sustainability Solutions segment reported net sales of $1,563 million for Q3 2024, slightly up from $1,551 million in Q3 2023, indicating a growth of 0.8%[107]. Legal and Compliance Matters - The company is cooperating with an SEC investigation focused on accounting matters related to its former Performance Materials and Technologies segment[97]. - Honeywell agreed to pay $202.7 million to resolve investigations by the DOJ, SEC, and Brazilian authorities related to compliance issues[98]. - The company continually assesses liabilities for various lawsuits and disputes, recognizing those that are probable and reasonably estimable[99]. Tax and Impairment Charges - The effective tax rate decreased in 2024 compared to 2023, attributed to increased benefits from non-U.S. earnings and employee share-based compensation[59]. - An impairment charge of $125 million was recorded on assets held for sale related to the personal protective equipment business during Q3 2024[128]. Foreign Exchange and Other Financial Adjustments - The company experienced a foreign exchange translation adjustment loss of $288 million for the three months ended September 30, 2024, compared to a gain of $59 million in the same period of 2023[11]. - Honeywell's foreign currency exchange contracts resulted in a loss of $213 million for the three months ended September 30, 2024[73].

Core Insights - Honeywell International Inc. reported quarterly earnings of $2.58 per share, exceeding the Zacks Consensus Estimate of $2.50 per share, and up from $2.27 per share a year ago, representing an earnings surprise of 3.20% [1] - The company posted revenues of $9.73 billion for the quarter ended September 2024, which was below the Zacks Consensus Estimate by 1.71%, but an increase from $9.21 billion year-over-year [1] - Honeywell has surpassed consensus EPS estimates three times in the last four quarters and has topped consensus revenue estimates two times in the same period [1] Earnings Outlook - The sustainability of Honeywell's stock price movement will largely depend on management's commentary during the earnings call [2] - The current consensus EPS estimate for the upcoming quarter is $2.73 on revenues of $10.49 billion, and for the current fiscal year, it is $10.10 on revenues of $38.98 billion [4] Industry Context - The Diversified Operations industry, to which Honeywell belongs, is currently ranked in the top 27% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [5] - Another company in the same industry, Markel Group, is expected to report quarterly earnings of $21.97 per share, reflecting a year-over-year increase of 32.7% [5]

Exhibit 99 | --- | --- | --- | |-----------------------------------|--------------------------------|---------------------------| | | | | | | | | | | | | | | | | | Contacts: | | | | Media | Investor | Relations | | Stacey Jones (980) 378-6258 | Sean Meakim (704) 627-6200 | | | stacey.jones@honeywell.com | | sean.meakim@honeywell.com | HONEYWELL REPORTS THIRD QUARTER RESULTS; UPDATES 2024 GUIDANCE 1 • Sales of $9.7 Billion, Reported Sales Up 6%, Organic Sales Up 3% • Operating Margin of 19.1% and Segment Mar ...

Sales of $9.7 Billion, Reported Sales Up 6%, Organic1 Sales Up 3%Operating Margin of 19.1% and Segment Margin1 of 23.6%, Above High End of Previous GuidanceEarnings Per Share of $2.16 and Adjusted Earnings Per Share1 of $2.58, Above High End of Previous GuidanceClosed $1.9 Billion Acquisition of CAES Systems and $1.8 Billion Acquisition of Air Products' LNG BusinessAnnounced Intention to Spin Off Advanced Materials Business and Exit PPE BusinessCHARLOTTE, N.C., Oct. 24, 2024 /PRNewswire/ -- Honeywell (NASDA ...

For buy-and-hold investors, success is found in diverse companies that can produce year after year.Technology may change the industrial factory, but the basic need to produce goods and services will never disappear. Investors have tons of options in this area. Do you want a diversified conglomerate? Companies like Honeywell International (HON -0.23%) and Illinois Tool Works (ITW -1.02%) have you covered. Want to invest in aviation and the technology defending the U.S. and its allies? Consider RTX (RTX -0.02 ...

Honeywell International Inc. (HON) is scheduled to release third-quarter 2024 results on Oct. 24, before market open. The Zacks Consensus Estimate for revenues is pegged at $9.9 billion, indicating growth of 7.4% from the prior-year quarter’s reported figure. The consensus mark for earnings is pinned at $2.51 per share, which has edged down 0.4% in the past 60 days. The figure indicates a jump of 10.6% from the year-ago quarter's reported figure. The company’s earnings beat the consensus estimate in the pre ...

Google Cloud AI to enhance Honeywell's product offerings and help upskill the industrial workforceNew solutions will connect to enterprise-wide industrial data from Honeywell Forge, a leading IoT platform for industrialsCHARLOTTE, N.C. and SUNNYVALE, Calif., Oct. 21, 2024 /PRNewswire/ -- Honeywell (NASDAQ: HON) and Google Cloud announced a unique collaboration connecting artificial intelligence (AI) agents with assets, people and processes to accelerate safer, autonomous operations for the industrial sector ...

In the latest market close, Honeywell International Inc. (HON) reached $222.02, with a +1.13% movement compared to the previous day. The stock outpaced the S&P 500's daily gain of 0.4%. At the same time, the Dow added 0.09%, and the tech-heavy Nasdaq gained 0.63%. Prior to today's trading, shares of the company had gained 7.78% over the past month. This has outpaced the Conglomerates sector's gain of 4.73% and the S&P 500's gain of 3.76% in that time. Market participants will be closely following the financ ...

There's still plenty of time for opportunistic income investors to take advantage of both lifts. We can't say that October is a traditionally hot time for dividend raises, but a smattering of publicly traded companies chose the spooky month for their latest payout hikes. Among the better-known lifters were a pair of sturdy industrial sector mainstays, Lockheed Martin (LMT 1.29%) and Honeywell (HON 0.78%). Here's a look at this fresh pair of dividend raises. 1. Lockheed Martin Being the largest pure-play def ...

Honeywell International Inc. (HON) recently secured a contract worth $103 million from the U.S. Army to offer its next-generation APN-209 radar altimeter (Next Gen APN-209) system for various army aircraft. The latest deal is built on a long-standing partnership where HON has served as a reliable altimeter provider to the U.S. Department of Defense, with more than 150,000 units supplied. HON's shares inched up 0.8% yesterday, eventually closing the session at $217.60. Inside the Headlines Honeywell's Next G ...