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Dec 31, 2023
Honeywell Q4 2023 Earnings Report
Announced fourth quarter and full year 2023 results and issued 2024 guidance.
Key Takeaways
Honeywell reported a 3% increase in fourth-quarter sales and a 2% organic sales growth, driven by double-digit growth in commercial aviation. The company's performance met or exceeded original full-year guidance, with adjusted earnings per share at $2.60, up 3% year over year.
Fourth Quarter Earnings Per Share of $1.91 and Adjusted Earnings Per Share of $2.60, Above Midpoint of Previous Guidance.
Fourth Quarter Sales of $9.4 Billion, Reported Sales Up 3%, Organic Sales Up 2%.
Full Year Operating Cash Flow of $5.3 Billion and Free Cash Flow of $4.3B, at High End of Previous Guidance.
Expect 2024 Adjusted Earnings Per Share of $9.80 - $10.10, Up 7% - 10%.
Revenue by Segment
Forward Guidance
For 2024, Honeywell anticipates sales between $38.1 billion and $38.9 billion, with organic growth of 4% to 6%. Adjusted earnings per share are projected to be $9.80 to $10.10.
Positive Outlook
- Sales of $38.1B - $38.9B
- Organic Growth 4% - 6%
- Segment Margin 23.0% - 23.3%
- Expansion Up 30 - 60 bps
- Adjusted Earnings Per Share $9.80 - $10.10
Historical Earnings Impact
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Avg. Return Before/After Earnings
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