HON - Honeywell International Inc. (HON) Q1 2024 Earnings Call Transcript
2024-04-25 13:26:08 ET
Honeywell International Inc. (HON)
Q1 2024 Earnings Conference Call
April 25, 2024 08:30 AM ET
Company Participants
Sean Meakim - Vice President-Investor Relations
Vimal Kapur - Chief Executive Officer
Greg Lewis - Senior Vice President & Chief Financial Officer
Conference Call Participants
Scott Davis - Melius Research
Stephen Tusa - JPMorgan
Julian Mitchell - Barclays
Andrew Obin - Bank of America
Sheila Kahyaoglu - Jefferies
Joe Ritchie - Goldman Sachs
Nigel Coe - Wolfe Research
Andy Kaplowitz - Citi
Jeff Sprague - Vertical Research Partners
Brett Linzey - Mizuho
Presentation
Operator
Thank you for standing by and welcome to the Honeywell First Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker’s presentation there will be a question-and-answer session. Please be advised that today's call is being recorded.
I would now like to hand the call over to Sean Meakim, Vice President of Investor Relations. Please go ahead.
Sean Meakim
Thank you. Good morning and welcome to Honeywell's first quarter 2024 earnings conference call. On the call with me today are Chief Executive Officer, Vimal Kapur; and Senior Vice President and Chief Financial Officer, Greg Lewis.
This webcast and the presentation materials, including non-GAAP reconciliations are available on our Investor Relations website. From time-to-time we post new information that may be of interest or material to our investors on this website. Our discussion today includes forward-looking statements that are based on our best view of the world and of our business as we see them today and are subject to risks and uncertainties including the ones described in our SEC filings.
This morning, we will review our financial results for the first quarter share our guidance for the second quarter and provide an update on full year 2024. As always, we'll leave time for your questions at the end.
With that I'll turn the call over to CEO, Vimal Kapur.
Vimal Kapur
Thank you Sean and good morning everyone. We delivered a very strong first quarter exceeding the high end of our first quarter adjusted earnings per share guidance and meeting the high end of our organic sales and segment margin guidance ranges. The disciplined execution of our world-class Accelerator operating system and differentiated portfolio of technologies enabled this strong performance amidst a dynamic macroeconomic backdrop.
As expected, our long-cycle Aerospace and energy-oriented businesses led the way with healthy organic volume growth. We are starting to see recovery in some areas of our short-cycle portfolio, including consecutive quarters of order growth in productivity solutions and services while the other short-cycle businesses continue to normalize as the effects of destocking fade consistent with our second half acceleration framework....
Honeywell International Inc. (HON) Q1 2024 Earnings Call Transcript