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Honeywell Boosts FY23 Outlook As Q2 Profit Tops Estimates

RTTNews | 763 दिनों पहले

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

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Honeywell Lifts FY25 Outlook Above Markt After Q2 Beats Street

Honeywell Lifts FY25 Outlook Above Markt After Q2 Beats Street

Honeywell International Inc. (HON), which is preparing to separate into three public companies, on Thursday lifted its fiscal 2025 outlook for earnings and revenues after reporting higher second-quarter results above market estimates. In pre-market activity on the Nasdaq, Honeywell shares were losing around 1.4 percent.

RTTNews | 35 दिनों पहले

Honeywell Closes Acquisition Of Carrier's Global Access Solutions Unit; Boosts FY24 Profit Outlook

Honeywell Closes Acquisition Of Carrier's Global Access Solutions Unit; Boosts FY24 Profit Outlook

Honeywell International Inc. (HON) announced Monday the completion of its acquisition of Carrier Global Corp.'s (CARR) Global Access Solutions business for $4.95 billion.

RTTNews | 451 दिनों पहले

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

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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 | 531 दिनों पहले

Honeywell To Acquire Isratel-based SCADAfence For Undisclosed Terms

Honeywell To Acquire Isratel-based SCADAfence For Undisclosed Terms

Honeywell International, Inc. (HON) announced Monday it has agreed to acquire SCADAfence, a leading provider of operational technology (OT) and Internet of Things (IoT) cybersecurity solutions for monitoring large-scale networks.

RTTNews | 780 दिनों पहले

Swiss Market Ends Marginally Up

Swiss Market Ends Marginally Up

The Switzerland market ended marginally up on Thursday after a choppy ride as stocks swung between gains and losses right through the day's trading session.

RTTNews | 57 मिनटों पहले

European Stocks Close Weak

European Stocks Close Weak

European stocks closed lower on Thursday as the mood remained largely cautious with investors closely following geopolitical news, digesting tech giant Nvidia's earnings, and some crucial economic data from the U.S.

RTTNews | 1घंटे 17 मिनट पहले

Canadian Stocks Turning In Mixed Performance; TSX Down Marginally

Canadian Stocks Turning In Mixed Performance; TSX Down Marginally

After a positive start and a subsequent drop early on in the session, the Canadian market remains weak around early afternoon on Thursday, weighed down by losses in consumer staples, industrials and communications sectors.

RTTNews | 1घंटे 50 मिनट पहले

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