Honeywell International $HON has released its quarterly earnings. Revenue of $9.73B (+5.60% YoY) misses by $172M. EPS of $2.58 (+8.40% YoY) beats by $0.08.
$HON | Honeywell Q3'24 Earnings Highlights: ๐น Adj EPS: $2.58 (Est. $2.51) ๐ข; UP +8% YoY ๐น Revenue: $9.73B (Est. $9.88B) ๐ด; UP +6% YoY ๐น Operating Margin: 19.1%; Down 180 bps YoY ๐น Segment Margin: 23.6%; Flat YoY
$NOC | Northrop Grumman Q3'24 Earnings Highlights: ๐น Adj EPS: $7.00 (Est. $6.08) ๐ข; UP +13% YoY ๐น Revenue: $10.0B (Est. $10.18B) ๐ด; UP +2% YoY ๐น Backlog: $84.8B; a new record ๐น Operating Margin: 11.2% (vs. 10.4% YoY)

Honeywell International Inc. reported its third-quarter earnings for 2024, revealing an adjusted earnings per share (EPS) of $2.58, surpassing analyst expectations of $2.51 and reflecting an 8% increase year-over-year. However, the company's revenue of $9.73 billion fell short of the forecasted $9.88 billion, marking a 6% increase compared to the same quarter last year. The operating margin was reported at 19.1%, down 180 basis points from the previous year. Honeywell also provided guidance for full-year sales, projecting between $38.6 billion and $38.8 billion, which is lower than earlier estimates of $39.1 billion to $39.7 billion. The company anticipates adjusted EPS for the full year to be between $10.15 and $10.25, a slight increase from the previous guidance of $10.05 to $10.25. Despite the mixed results, the stock experienced a decline of 2.24% in pre-market trading following the earnings release.




