AI English summary of an SEC filing — figures as filed
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.
Key points
AI summaryThe 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.
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%.
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%.
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-writtenAnalysis 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.
Loading the filing text…