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Mar 31
Honeywell Q1 2025 Earnings Report
Honeywell exceeded guidance across all key metrics in Q1 2025.
Key Takeaways
Honeywell delivered strong results in Q1 2025 with sales and earnings surpassing guidance, supported by robust performance in Building Automation and Energy & Sustainability Solutions.
Sales reached $9.8 billion, growing 8% year-over-year.
Adjusted EPS increased to $2.51, up 7% year-over-year.
Net income was $1.449 billion, nearly flat compared to last year.
Backlog grew 8% excluding acquisitions, led by Building Automation and Energy Solutions.
Honeywell
Honeywell
Honeywell Revenue by Segment
Revenue by Segment
Aerospace Revenue
CapyFin.comIndustrial Automation Revenue
CapyFin.comBuilding Automation Revenue
CapyFin.comEnergy & Sustainability Revenue
CapyFin.com Forward Guidance
Honeywell raised its adjusted EPS guidance midpoint while maintaining its organic growth and cash flow expectations for full-year 2025.
Positive Outlook
- Raised adjusted EPS guidance midpoint by 5 cents.
- Maintained full-year organic growth expectation of 2% to 5%.
- Segment margin expected to expand 60 to 90 basis points.
- Free cash flow forecast remains strong at $5.4B to $5.8B.
- Backlog strength continues across Building and Energy businesses.
Challenges Ahead
- Global demand uncertainty expected for remainder of 2025.
- Tariff impacts incorporated into guidance.
- Expected sale of PPE business could create transitional challenges.
- Industrial Automation facing demand headwinds in Europe.
- Segment margin pressure due to acquisitions in Aerospace.
Revenue & Expenses
Visualization of income flow from segment revenue to net income