🔹 Revenue: $10.4B (Est. $10.05B) 🟢; UP +8% YoY
🔹 Adjusted EPS: $2.75 (Est. $2.66) 🟢; UP +10% YoY
FY25 Guidance (Updated):
🔹 Revenue: $40.8B–$41.3B (Est. $40.3B) 🟢
🔹 Adjusted EPS: $10.45–$10.65 (Est. $10.40) 🟢
🔹 Organic Sales Growth: 4%–5% (prior: 2%–5%)
🔹 Segment Margin: 23.0%–23.2% (prior: 23.2%–23.5%)
🔹 Operating Cash Flow: $6.7B–$7.1B
🔹 Free Cash Flow: $5.4B–$5.8B
Q2 Segment:
Aerospace Technologies
🔹 Sales: $4.31B; UP +11% YoY
🔹 Organic Sales: UP +6% YoY
🔹 Segment Profit: $1.10B; UP +4% YoY
🔹 Segment Margin: 25.5%; DOWN -170 bps YoY
Industrial Automation
🔹 Sales: $2.38B; DOWN -5% YoY
🔹 Organic Sales: Flat
🔹 Segment Profit: $456M; DOWN -4% YoY
🔹 Segment Margin: 19.2%; UP +20 bps YoY
Building Automation
🔹 Sales: $1.83B; UP +16% YoY
🔹 Organic Sales: UP +8% YoY
🔹 Segment Profit: $479M; UP +21% YoY
🔹 Segment Margin: 26.2%; UP +90 bps YoY
Energy & Sustainability Solutions
🔹 Sales: $1.84B; UP +15% YoY
🔹 Organic Sales: UP +6% YoY
🔹 Segment Profit: $443M; UP +9% YoY
🔹 Segment Margin: 24.1%; DOWN -110 bps YoY
Other Q2 Metrics:
🔹 Operating Income: $2.11B; UP +7% YoY
🔹 Operating Margin: 20.4%; DOWN -30 bps YoY
🔹 Segment Profit: $2.37B; UP +8% YoY
🔹 Segment Margin: 22.9%; DOWN -10 bps YoY
🔹 Operating Cash Flow: $1.32B; DOWN -4% YoY
🔹 Free Cash Flow: $1.02B; DOWN -9% YoY
Strategic:
🔸 “Honeywell delivered outstanding results in the second quarter with both organic growth and adjusted earnings per share exceeding guidance despite the unpredictable macroeconomic backdrop.”
🔸 “With Building Automation leading the way, three out of four segments grew sales at better than 5% in the quarter.”
🔸 “Our review of strategic alternatives marks the conclusion of the portfolio review to simplify and optimize Honeywell’s businesses.”
