HON - Honeywell Reports Double-Digit Q3 Orders Growth Bolsters Record High Backlog | Benzinga
Honeywell International Inc (NASDAQ: HON) reported third-quarter FY23 sales of $9.21 billion, up 3% Y/Y on a reported basis and +2% on an organic basis, missing the consensus of $9.23 billion.
The sales increase was attributed to double-digit organic sales growth in commercial aviation, defense and space, and process solutions.
Adjusted EPS was $2.27, beating the consensus of $2.23.
Sales by Segments: Aerospace $3.49 billion (+18% Y/Y), Honeywell Building Technologies $1.53 billion (flat Y/Y), Performance Materials and Technologies $2.87 billion (+5% Y/Y) and Safety and Productivity Solutions $1.31 billion (-24% Y/Y).
Operating margin expanded by 140 bps to 20.9%, and segment margin expanded by 80 bps to 22.6%, attributed to expansion in Honeywell ...