HON - Honeywell Aerospace Advances Drive Solid Q1 Results Exceed Expectations | Benzinga
Honeywell International Inc (NASDAQ:HON) reported first-quarter fiscal 2024 sales of $9.105 billion.
That’s up 3% year-over-year on a reported basis and and increase of 3% on an organic basis, beating the consensus of $9.03 billion.
The sales increase was attributed to solid growth in Aerospace Technologies and Energy and Sustainability Solutions.
Adjusted EPS was $2.25 (+9% Y/Y), beating the consensus of $2.17.
Sales by Segments:
- Aerospace Technologies$3.67 billion (+18% Y/Y)
- Industrial Automation $2.48 billion (-12% Y/Y)
- Building Automation $1.43 billion (-4% Y/Y)
- And Energy and Sustainability Solutions $1.53 billion (+4% Y/Y).
Operating margin expanded by 130 bps to 20.4%. Segment margin expanded by 20 bps to 22.2%, driven by ...