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Series of events · Honeywell
Honeywell lifts profit and sales outlooks after earnings
Honeywell beat earnings estimates and raised its full-year profit and sales growth targets following recent reports.
Updated
The flow in 3 points
- Adjusted earnings of $2.27 beat the $2.17 estimate
- Full-year adjusted EPS guidance lifted to $8.40 to $8.45
- Aerospace division raised EPS target to $7.85 to $8.00
What happened, in order
Times are Eastern-
Where it began
Earnings beat
Honeywell posted adjusted earnings of $2.27 per share, surpassing the $2.17 estimate, while revenue of $4.99 billion fell short of the $5 billion forecast.
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Sales growth raised
Honeywell increased its guidance for full-year organic sales growth to a range of 4 percent to 5 percent.
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Latest
Aerospace profit lift
Honeywell Aerospace reported $4.64 billion in sales, raised its full-year adjusted EPS target to $7.85 to $8.00, and initiated a $0.40 dividend.
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How they connect
Honeywell first reported strong adjusted earnings and lifted its overall profit outlook. The company then raised its organic sales growth target, followed by its Aerospace division increasing its specific profit forecast and starting a dividend.
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