Honeywell Worldwide Inc. (NYSE: HON) – Honeywell Worldwide Surpasses Second Quarter Outcomes with Double-Digit Income Progress, Raises Steerage for FY21

  • Honeywell Worldwide Inc (NASDAQ: HON) reported second-quarter gross sales development of 18% year-on-year to $ 8.81 billion (+ 15% on an natural foundation), beating the consensus of $ 8.68 billion.
  • The corporate says outcomes had been pushed by income development and increasing margins in all 4 segments.
  • Adjusted EPS of $ 2.02 improved 60% year-on-year, beating the consensus of $ 1.94.
  • Aerospace gross sales elevated 9% year-on-year to $ 2.77 billion and the phase margin elevated 490 foundation factors to 25.7%.
  • Honeywell Constructing Applied sciences gross sales elevated 20% year-on-year to $ 1.41 billion, and the phase’s margin elevated 120 foundation factors to 22.4%.
  • Gross sales of Efficiency Supplies and Applied sciences elevated 15% year-on-year to $ 2.55 billion, and the phase margin elevated 190 foundation factors to twenty.8%.
  • Gross sales of safety and productiveness options elevated 35% year-on-year to $ 2.08 billion, and the phase margin elevated 20 foundation factors to 14%.
  • The phase margin elevated 190 foundation factors to twenty.4%, reflecting elevated volumes, a streamlined value base and a relentless give attention to execution.
  • The working margin elevated by 450 foundation factors to 18.1%.
  • Honeywell generated $ 1.28 billion in working money circulation, up from $ 1.48 billion a yr in the past. Free money circulation was $ 1.47 billion.
  • Suggestions for Train 21: The corporate forecasts gross sales of $ 34.6-35.2 billion in opposition to a consensus of $ 34.93 billion, with natural development within the vary of 4-6%, in comparison with 34.0-34.8 billion {dollars} beforehand. He expects a phase margin of 20.8% – 21.1%.
  • Honeywell sees adjusted EPS of $ 7.95 to $ 8.10 from the consensus of $ 8.10, up from $ 7.75 to $ 8.00 beforehand guided.
  • It expects working money circulation of $ 5.9 to $ 6.2 billion, in comparison with $ 5.8 to $ 6.1 billion beforehand forecast. The free money circulation outlook is $ 5.3 billion to $ 5.6 billion in comparison with a earlier forecast of $ 5.2 billion to $ 5.5 billion.
  • Value motion: HON shares are down 0.15% to $ 232.39 in the course of the pre-market session final examine Friday.

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