Honeywell Q2 2021 Earnings Report
Key Takeaways
Honeywell reported strong second-quarter results with sales up 18% and organic sales up 15%. The company raised its full-year sales, segment margin, adjusted earnings per share, and cash flow guidance. Adjusted earnings per share increased by 60% year over year, and free cash flow reached $1.5 billion.
Sales growth and margin expansion occurred in all four segments.
Reported sales increased by 18%, with organic sales up by 15%.
Operating margin rose by 450 basis points to 18.1%, and segment margin increased by 190 basis points to 20.4%.
Adjusted earnings per share reached $2.02, a 60% increase year over year.
Honeywell
Honeywell
Honeywell Revenue by Segment
Forward Guidance
Honeywell raised its full-year sales, adjusted earnings per share, and cash flow guidance and raised the midpoint of its segment margin guidance.
Positive Outlook
- Full-year sales are now expected to be in the range of $34.6 billion to $35.2 billion.
- Organic sales growth is expected to be in the range of 4% to 6%.
- Segment margin is expected to be in the range of 20.8% - 21.1%.
- Adjusted earnings per share is expected to be $7.95 to $8.10.
- Operating cash flow is now expected to be in the range of $5.9 billion to $6.2 billion and free cash flow is now expected to be in the range of $5.3 billion to $5.6 billion.
Revenue & Expenses
Visualization of income flow from segment revenue to net income