HON - Why Is Honeywell Stock Taking A Hit Today? | Benzinga
Honeywell International Inc (NASDAQ:HON) reported fourth-quarter fiscal 2023 sales of $9.44 billion, up 3% year-over-year on a reported basis and +2% on an organic basis, missing the consensus of $9.70 billion.
The sales increase was attributed to double-digit organic sales growth in commercial aviation. Adjusted EPS was $2.60 (+3% Y/Y), beating the consensus of $2.59.
Sales by Segments: Aerospace $3.67 billion (+14.6% Y/Y), Honeywell Building Technologies $1.50 billion (-0.66% Y/Y), Performance Materials and Technologies $3.03 billion (+5.9% Y/Y) and Safety and Productivity Solutions $1.23 billion (-23.6% Y/Y).
Operating margin contracted by 297 bps to 16.8%, and segment margin expanded by 60 bps to 23.5%, driven by Performance Materials and Technologies and Aerospace ...