Honeywell Boosts FY23 Outlook As Q2 Profit Tops Estimates

RTTNews | 553 days ago
Stocktwits
Honeywell Boosts FY23 Outlook As Q2 Profit Tops Estimates

(RTTNews) - While reporting financial results for the second quarter on Thursday, technology company Honeywell international, Inc. (HON) raised its adjusted earnings and sales guidance for the full-year 2023, based on the second-quarter performance and management's outlook for the remainder of the year.

For fiscal 2023, the company now projects adjusted earnings in a range of $9.05 to $9.25 per share on sales between $36.7 billion and $37.3 billion, representing a year-over-year organic sales growth of 4 to 6 percent.

Previously, the company expected adjusted earnings in the range of $9.00 to $9.25 per share on sales between $36.5 billion to $37.3 billion, representing a year-over-year organic sales growth of 3 to 6 percent.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $9.17 per share on sales of $37.01 billion for the year. Analysts' estimates typically exclude special items.

For the second quarter, the company reported net income attributable to Honeywell of $1.49 billion or $2.22 per share, up from $1.26 billion or $1.84 per share in the prior-year quarter.

Excluding items, adjusted earnings for the quarter was $2.23 per share, compared to $2.10 per share in the year-ago quarter.

Sales for the quarter grew 2 percent to $9.15 billion from $8.95 billion in the same quarter last year.

The Street was looking for earnings of $2.21 per share on revenues of $9.17 billion for the quarter.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Tags: HON
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Honeywell Recalls Fendall 2000 Non-Sterile Eyewash Cartridges

Honeywell Recalls Fendall 2000 Non-Sterile Eyewash Cartridges

Honeywell Safety Products USA, Inc., affiliated to conglomerate Honeywell International Inc., has recalled Fendall 2000 Non-Sterile Eyewash Cartridge for the Fendall 2000 Eyewash Station, according to the U.S. Food and Drug Administration. The recall was initiated due to a lack of appropriate policies and procedures by Honeywell's supplier, which has been found to be non-compliant with current go
RTTNews | 297 days ago
CPSC Recalls: Textron Vehicles, Honeywell Fire Alarm Sounders, Boilers

CPSC Recalls: Textron Vehicles, Honeywell Fire Alarm Sounders, Boilers

The U.S. Consumer Product Safety Commission or CPSC has announced recalls including Textron Specialized Vehicles' light utility vehicles, Honeywell International Inc.'s Fire Alarm Sounders and Strobes, as well as U.S. Boiler Co. LLC's Gas-Fired Hot Water Residential Boilers, citing various reasons. Textron's light utility vehicles were called for fire risk...
RTTNews | 321 days ago
French Economy Shrinks In Q4

French Economy Shrinks In Q4

The French economy contracted for the first time in nearly two years in the fourth quarter as the positive impact of the Paris Olympics and Paralympic Games faded, official data revealed Thursday. Gross domestic product shrank 0.1 percent sequentially after expanding 0.4 percent in the third quarter, first estimate from the statistical office INSEE showed.
RTTNews | 5h 36min ago
European Economic News Preview: ECB Monetary Policy Decision Due

European Economic News Preview: ECB Monetary Policy Decision Due

The monetary policy announcement from the European Central Bank and preliminary GDP data from the major euro area economies are due on Thursday, headlining a hectic day for the European economic news. At 1.30 am ET, France's statistical office INSEE publishes flash GDP and consumer spending data. The economy is expected to remain flat sequentially in the fourth quarter after rising 0.4 percent in
RTTNews | 7h 40min ago
European Shares Seen Broadly Higher At Open

European Shares Seen Broadly Higher At Open

European stocks are likely to open broadly higher on Thursday, though U.K. markets may open on a subdued note as oil extended overnight losses amid a lack of clarity on U.S. President Trump's tariff policies, especially on Canada and Mexico, the two largest suppliers of crude oil to United States.
RTTNews | 7h 41min ago
Sensex, Nifty Marginally Higher In Lackluster Trade

Sensex, Nifty Marginally Higher In Lackluster Trade

Indian shares were flat to slightly higher on Thursday as investors reacted to a hawkish Fed policy statement and awaited cues from upcoming Union Budget this weekend and next week's MPC meeting.
RTTNews | 8h 58min ago
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