Honeywell Worldwide Inc. (NYSE: HON) – Honeywell Shares Slight Drop From Blended Third Quarter Outcomes, Decrease FY21 Gross sales Outlook

  • Honeywell Worldwide Inc (NYSE: HON) reported third-quarter gross sales progress of 9% year-on-year to $ 8.47 billion, + 8% on an natural foundation, lacking the consensus of $ 8.65 billion.
  • Adjusted EPS improved to $ 2.02 from $ 1.56 in 3Q20, beating the consensus of $ 1.99.
  • Aerospace gross sales elevated 3% year-on-year to $ 2.73 billion and the section margin elevated 390 foundation factors to 27.1%.
  • Honeywell Constructing Applied sciences gross sales elevated 5% year-on-year to $ 1.37 billion, and the section’s margin elevated 190 foundation factors to 23.5%.
  • Gross sales of Efficiency Supplies and Applied sciences elevated 11% year-on-year to $ 2.51 billion, and the section’s margin elevated 260 foundation factors to 22.2%.
  • Gross sales of safety and productiveness options elevated 18% year-on-year to $ 1.86 billion, and the section’s margin contracted 70 foundation factors to 13.2%.
  • The section margin elevated 130 foundation factors to 21.2% and the working margin improved 180 foundation factors to 18.6%.
  • Honeywell generated $ 1.12 billion in working money movement, up from $ 1.01 billion a 12 months in the past. Free money movement was $ 911 million.
  • The corporate’s orders have risen by one digit, from demand for ex-COVID masks to double digits. The backlog improved 7% to $ 27.5 billion.
  • Honeywell has up to date its annual forecast to replicate the lingering results of the macro-contested atmosphere.
  • Outlook FY21: Honeywell predicts gross sales of $ 34.2 billion to $ 34.6 billion (earlier forecast $ 34.6 billion to $ 35.2 billion) in opposition to a consensus of $ 35.1 billion, with natural progress of 4 to five % (earlier than 4 to six%). He expects a section margin of 20.9% – 21.1% (earlier than 20.8% – 21.1%).
  • Honeywell sees adjusted EPS of $ 8.00 to $ 8.10 (prior view $ 7.95 – $ 8.10) in opposition to the consensus of $ 8.07.
  • Value motion: HON shares are buying and selling down 1.61% at $ 220.9 within the pre-market session on Friday.

About Edith J.

Check Also

6 Questions for Lyn Alden Schwartzer of Lyn Alden Funding Technique by Cointelegraph

6 questions for Lyn Alden Schwartzer from Lyn Alden Funding Technique This week, our 6 …