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Honeywell logoHoneywell HON

The company said that for Q1 2024 (3 months), sales were $9,105 million, up 3% from $8,864 million a year earlier, diluted earnings per share were $2.23, and adjusted earnings per share were $2.25.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said that for Q1 2024 (3 months), sales were $9,105 million, up 3% from $8,864 million a year earlier, diluted earnings per share were $2.23, and adjusted earnings per share were $2.25.

  2. Honeywell said that in Q1, organic sales rose 18% at Aerospace Technologies and 5% at Energy and Sustainability Solutions, while Industrial Automation fell 13% and Building Automation fell 3%.

  3. The company said its operating margin for Q1 2024 was 20.4%, compared with 19.1% a year earlier, up 130 basis points. Its non-GAAP segment margin rose 20 basis points to 22.2%.

  4. The company reported operating cash flow of $448 million and free cash flow of $215 million for Q1 (3 months). It also said it maintained its previous full-year sales guidance range of $38.1B to $38.9B.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Q1 2024 Sales and EPS Results

The company said that for Q1 2024 (3 months), sales were $9,105 million, up 3% from $8,864 million a year earlier, diluted earnings per share were $2.23, and adjusted earnings per share were $2.25.

Source · Based on the filing body and exhibits

Organic Sales Change by Segment in Q1

Honeywell said that in Q1, organic sales rose 18% at Aerospace Technologies and 5% at Energy and Sustainability Solutions, while Industrial Automation fell 13% and Building Automation fell 3%.

Source · Based on the filing body and exhibits

Q1 Operating Margin and Segment Margin

The company said its operating margin for Q1 2024 was 20.4%, compared with 19.1% a year earlier, up 130 basis points. Its non-GAAP segment margin rose 20 basis points to 22.2%.

Source · Based on the filing body and exhibits

Q1 Cash Flow and Full-Year Outlook Maintained

The company reported operating cash flow of $448 million and free cash flow of $215 million for Q1 (3 months). It also said it maintained its previous full-year sales guidance range of $38.1B to $38.9B.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.