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Mar 31, 2021
Honeywell Q1 2021 Earnings Report
Honeywell overdelivered on all guided metrics, raised full-year sales and adjusted EPS guidance.
Key Takeaways
Honeywell's Q1 2021 results exceeded expectations with sales of $8.5 billion, flat year-over-year, and adjusted EPS of $1.92, surpassing the high end of guidance. The company raised its full-year sales guidance and the midpoint of its adjusted EPS and cash flow guidance, driven by strong performance in Warehouse and Workflow Solutions and personal protective equipment businesses.
Delivered Double-Digit Sales Growth in Safety and Productivity Solutions; Returned to Sales Growth in Honeywell Building Technologies
Expanded Segment Margin in Aerospace, Honeywell Building Technologies, and Safety and Productivity Solutions
Delivered Earnings Per Share of $2.03, Adjusted EPS of $1.92, Exceeding High End of Guidance Range by 9 Cents
Deployed $3.0 Billion in Capital to Acquisitions, Share Repurchases, Dividends, and Capital Expenditures
Revenue by Segment
Forward Guidance
Honeywell raised its full-year sales guidance and the midpoint of its adjusted earnings per share and cash flow guidance.
Positive Outlook
- Full-year organic sales growth is now expected to be in the range of 3% to 5%.
- Adjusted earnings per share is expected to be $7.75 to $8.00, up 15 cents from the low end of the prior guidance range.
- Operating cash flow is now expected to be in the range of $5.8 billion to $6.1 billion
- Free cash flow is now expected to be in the range of $5.2 billion to $5.5 billion.
- The company is well positioned for the recovery to come.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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