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Jun 30, 2022
Honeywell Q2 2022 Earnings Report
Honeywell overdelivered on sales and earnings with strong second quarter results.
Key Takeaways
Honeywell announced strong second-quarter results, exceeding guidance for sales and earnings. Organic sales grew by 4%, and adjusted earnings per share were $2.10, up 4% year over year. The company raised the low end of its full-year organic growth and adjusted EPS guidance ranges and raised its full-year segment margin guidance range.
Sales Growth and Margin Expansion in Aerospace, Honeywell Building Technologies, and Performance Materials and Technologies
Reported Sales up 2%, Organic Sales up 4%, Exceeding High End of Guidance Range
Earnings Per Share of $1.84, Adjusted Earnings Per Share of $2.10, Exceeding High End of Guidance Range
Orders up 12%; Backlog up 12% to $29.5 Billion, Led by Our Long-Cycle Businesses
Revenue by Segment
Forward Guidance
Full-year sales are now expected to be in the range of $35.5 billion to $36.1 billion, up 5% to 7% organically. Segment margin expansion is now expected to be in the range of 30 to 70 basis points. Adjusted earnings per share is now expected to be in the range of $8.55 to $8.80. Operating cash flow is expected to be in the range of $5.5 billion to $5.9 billion, and free cash flow is expected to be $4.7 billion to $5.1 billion.
Positive Outlook
- Sales are expected to be in the range of $35.5B - $36.1B
- Organic growth is expected to be 5% - 7%
- Segment margin expansion is expected to be 30 - 70 bps
- Adjusted earnings per share is expected to be $8.55 - $8.80
- Operating cash flow is expected to be $5.5B - $5.9B
Historical Earnings Impact
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Avg. Return Before/After Earnings
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