Honeywell Updates Full-year Guidance

(RTTNews) - Honeywell (HON) said, for full year 2024, the company now projects: sales to be $39.1 billion to $39.7 billion with organic sales growth in the range of 5% to 6%. Adjusted earnings per share is now expected to be in the range of $10.05 to $10.25. Previously, the company projected: sales of $38.5 billion - $39.3 billion; and adjusted earnings per share in the range of $10.15 - $10.45.

Second quarter bottom line came in at $1.54 billion, or $2.36 per share compared with $1.49 billion, or $2.22 per share, a year ago. Adjusted earnings per share was $2.49, up 8% year over year. Analysts on average had expected the company to earn $2.41 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Revenue for the quarter rose 4.7% to $9.58 billion from $9.15 billion last year. Organic sales growth was 4%, for the quarter. Analysts on average had estimated $9.41 billion in revenue.

Shares of Honeywell are down 7% in pre-market trade on Thursday.

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