๐น Revenue: $10.4B (Est. $10.05B) ๐ข; UP +8% YoY
๐น Adjusted EPS: $2.75 (Est. $2.66) ๐ข; UP +10% YoY
FY25 Guidance (Updated):
๐น Revenue: $40.8Bโ$41.3B (Est. $40.3B) ๐ข
๐น Adjusted EPS: $10.45โ$10.65 (Est. $10.40) ๐ข
๐น Organic Sales Growth: 4%โ5% (prior: 2%โ5%)
๐น Segment Margin: 23.0%โ23.2% (prior: 23.2%โ23.5%)
๐น Operating Cash Flow: $6.7Bโ$7.1B
๐น Free Cash Flow: $5.4Bโ$5.8B
Q2 Segment:
Aerospace Technologies
๐น Sales: $4.31B; UP +11% YoY
๐น Organic Sales: UP +6% YoY
๐น Segment Profit: $1.10B; UP +4% YoY
๐น Segment Margin: 25.5%; DOWN -170 bps YoY
Industrial Automation
๐น Sales: $2.38B; DOWN -5% YoY
๐น Organic Sales: Flat
๐น Segment Profit: $456M; DOWN -4% YoY
๐น Segment Margin: 19.2%; UP +20 bps YoY
Building Automation
๐น Sales: $1.83B; UP +16% YoY
๐น Organic Sales: UP +8% YoY
๐น Segment Profit: $479M; UP +21% YoY
๐น Segment Margin: 26.2%; UP +90 bps YoY
Energy & Sustainability Solutions
๐น Sales: $1.84B; UP +15% YoY
๐น Organic Sales: UP +6% YoY
๐น Segment Profit: $443M; UP +9% YoY
๐น Segment Margin: 24.1%; DOWN -110 bps YoY
Other Q2 Metrics:
๐น Operating Income: $2.11B; UP +7% YoY
๐น Operating Margin: 20.4%; DOWN -30 bps YoY
๐น Segment Profit: $2.37B; UP +8% YoY
๐น Segment Margin: 22.9%; DOWN -10 bps YoY
๐น Operating Cash Flow: $1.32B; DOWN -4% YoY
๐น Free Cash Flow: $1.02B; DOWN -9% YoY
Strategic:
๐ธ โHoneywell delivered outstanding results in the second quarter with both organic growth and adjusted earnings per share exceeding guidance despite the unpredictable macroeconomic backdrop.โ
๐ธ โWith Building Automation leading the way, three out of four segments grew sales at better than 5% in the quarter.โ
๐ธ โOur review of strategic alternatives marks the conclusion of the portfolio review to simplify and optimize Honeywellโs businesses.โ