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Mar 31, 2020
Honeywell Q1 2020 Earnings Report
Honeywell reported strong earnings growth for Q1 2020, with EPS of $2.21, despite COVID-19 impacts. The company suspended full-year guidance due to the pandemic's uncertainty.
Key Takeaways
Honeywell announced strong earnings growth for the first quarter of 2020 despite significant impacts from the COVID-19 pandemic. The company reported first-quarter earnings per share of $2.21, above guidance, operating profit growth of 3%, segment profit growth of 2%, and segment margin expansion of 140 basis points.
Operating Income Margin increased by 150 Basis Points to 20.0%.
Earnings per Share increased by 15% to $2.21.
The company generated $0.9 Billion of Operating Cash Flow and $0.8 Billion of Free Cash Flow.
Full Year Guidance was suspended due to Uncertainty Related to the COVID-19 Pandemic.
Revenue by Segment
Forward Guidance
Due to the evolving nature of the COVID-19 pandemic and related supply chain and market disruptions, Honeywell announced that it has temporarily suspended its full-year financial guidance until the economic impact of COVID-19 stabilizes. The company expects ongoing top-line challenges due to the current market conditions, particularly in the aerospace and oil and gas sectors.
Challenges Ahead
- Suspended full-year financial guidance.
- Ongoing top-line challenges are expected.
- Impacts from the COVID-19 pandemic.
- Related supply chain disruptions.
- Market disruptions
Historical Earnings Impact
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Avg. Return Before/After Earnings
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