- Honeywell’s organic sales increased by 3%, falling short of the estimated 4.96% growth.
- Free cash flow reached $1.72 billion, surpassing the forecast of $1.68 billion, marking a 10% year-over-year increase.
- Aerospace Technologies posted a revenue of $3.91 billion against the projected $3.97 billion.
- Industrial Automation revenue was $2.50 billion, below the estimated $2.63 billion.
- Building Automation exceeded expectations with a revenue of $1.75 billion compared to the predicted $1.7 billion.
- Energy and Sustainability Solutions recorded revenue of $1.56 billion, slightly under the estimate of $1.58 billion.
- Organic sales for Aerospace Technologies rose by 10%, missing the anticipated 12.8% growth.
- Industrial Automation saw a decline in organic sales by 5%, contrary to the expected growth of 0.28%.
Honeywell International on Smartkarma
Analyst coverage of Honeywell International on Smartkarma reveals positive sentiments from Baptista Research. In their report titled “Honeywell International: Portfolio Optimization & Acquisitions With An Emphasis on Long-Cycle Business Growth! – Major Drivers,” the analysts highlight the company’s strong performance in the second quarter of 2024. Honeywell exceeded its earnings per share (EPS) guidance, achieved the upper range of organic sales guidance, and saw robust operational execution across its diversified portfolio, particularly in the aerospace sector.
Furthermore, Baptista Research‘s report “Honeywell International: Will Their Improved Performance In Energy and Sustainability Solutions (ESS) Expected To Propel Their Growth? – Major Drivers” emphasizes Honeywell’s consistent growth in the first quarter of 2024. The company exceeded its adjusted earning per share guidance and organic sales targets, showcasing strong execution of its Accelerator operating system and diversified technology portfolio. With positive momentum in financial results driven by recovery in key areas and sustained growth in aerospace and energy businesses, Honeywell International demonstrates resilience and growth potential.
A look at Honeywell International Smart Scores
Factor | Score | Magnitude |
---|---|---|
Value | 2 | |
Dividend | 3 | |
Growth | 4 | |
Resilience | 2 | |
Momentum | 4 | |
OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Honeywell International has a positive long-term outlook. The company scores well in areas such as Growth and Momentum, indicating strong potential for future expansion and a favorable market position. This suggests that Honeywell International is well-positioned to capitalize on future opportunities and maintain a steady growth trajectory in the coming years.
Although the company scores lower in terms of Value and Resilience, the overall outlook remains promising. With a diversified portfolio spanning various sectors such as aerospace, automotive, and energy solutions, Honeywell International is well-equipped to weather market fluctuations and continue its growth momentum over the long term.
Summary of the company:
### Honeywell International Inc. is a worldwide diversified technology and manufacturing company providing aerospace products and services, control, sensing and security technologies, turbochargers, automotive products, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals, and energy efficient products and solutions. ###
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