NASDAQ$HON
Honeywell International Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Honeywell delivered strong second quarter results and beat earnings guidance.
Honeywell reported a 5% increase in sales to $9.6 billion and an 8% increase in adjusted earnings per share to $2.49, exceeding guidance. The company updated its full-year outlook, expecting sales between $39.1 billion and $39.7 billion and adjusted EPS between $10.05 and $10.25.
- Sales reached $9.6 billion, with a 5% reported increase and a 4% organic increase, achieving the high end of previous guidance.
- Earnings per share were $2.36, and adjusted earnings per share was $2.49, exceeding the high end of previous guidance.
- Orders increased by 4%, driven by strength in Building Automation and Energy and Sustainability Solutions businesses.
- Deployed $6.4 billion of capital to M&A, dividends, share repurchases, and capital expenditures, including the acquisition of Access Solutions.
Headline financials
Revenue & EPS history
Honeywell · Revenue · Quarterly
$9.58B
Revenue by segment
Honeywell · $5.82B total across 3 segments · Q1 2021
- Energy & Sustainability$2.35B—40.3%
- Industrial Automation$2.12B—36.4%
- Building Automation$1.36B—23.3%
Forward guidance
Honeywell updated its full-year sales, segment margin, adjusted earnings per share, and cash flow guidance.
Tailwinds
- Full-year sales are now expected to be $39.1B - $39.7B.
- Organic sales growth is projected to be in the range of 5% - 6%.
- Adjusted earnings per share are anticipated to be $10.05 - $10.25.
- Operating cash flow is expected to be $6.6B - $7.0B.
- Free cash flow is projected to be $5.5B - $5.9B.
Headwinds
- Segment margin is now expected to be in the range of 23.3% - 23.5%.
- Segment margin contraction of 20 basis points to flat year over year is expected.
- The updated adjusted earnings per share represents a growth of 6% to 8% year over year, which is a decrease from the previous guidance of 7%-10%.
- The updated free cash flow is a slight decrease from the previous guidance of $5.6B - $6.0B.
- Unspecified macroeconomic and geopolitical risks could affect performance.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2024
+0.6%
Avg return
Earnings day
+0.4%
Avg return
5 days after
+2.0%
Avg return
30 days after
60%
44 / 73 earnings
Positive
+7.7%
Q3 2022
Best reaction
-7.7%
Q4 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.5% | -3.2% | +3.6% | |
| Q4 2025 | +4.5% | +6.6% | +12.4% | |
| Q3 2025 | +6.4% | +3.8% | -2.4% | |
| Q2 2025 | -0.7% | -1.4% | -3.8% | |
| Q1 2025 | +5.4% | +6.7% | +12.2% | |
| Q4 2024 | -5.6% | -6.9% | -3.5% | |
| Q3 2024 | -5.6% | -6.5% | +4.0% | |
| Q2 2024 | -5.1% | -5.2% | -5.2% | |
| Q1 2024 | -0.7% | -1.1% | +2.5% | |
| Q4 2023 | -3.0% | -4.3% | -1.8% | |
| Q3 2023 | -0.6% | +2.9% | +8.6% | |
| Q2 2023 | -6.3% | -7.1% | -10.5% | |
| Q1 2023 | +4.7% | +3.9% | +1.5% | |
| Q4 2022 | -1.9% | -0.6% | -4.8% | |
| Q3 2022 | +7.7% | +6.7% | +15.7% | |
| Q2 2022 | +4.8% | +3.0% | +5.1% | |
| Q1 2022 | +3.7% | +8.4% | +3.4% | |
| Q4 2021 | -7.7% | -6.3% | -9.7% | |
| Q3 2021 | -3.1% | -3.9% | -2.7% | |
| Q2 2021 | -1.5% | -1.0% | -2.2% | |
| Q1 2021 | -3.4% | -2.8% | -2.6% | |
| Q4 2020 | -3.6% | -1.8% | -0.2% | |
| Q3 2020 | +5.5% | +8.7% | +27.2% | |
| Q2 2020 | -1.9% | +0.6% | +2.5% | |
| Q1 2020 | -4.7% | -6.2% | +2.8% | |
| Q4 2019 | -3.9% | -0.8% | -9.1% | |
| Q3 2019 | +1.2% | +3.2% | +11.1% | |
| Q2 2019 | +2.6% | +3.7% | -2.1% | |
| Q1 2019 | +3.3% | +5.5% | +4.3% | |
| Q4 2018 | +3.0% | +3.7% | +8.4% | |
| Q3 2018 | -1.7% | -6.3% | -1.2% | |
| Q2 2018 | +4.2% | +7.1% | +5.2% | |
| Q1 2018 | +0.3% | -0.7% | +0.1% | |
| Q4 2017 | -0.2% | -1.3% | -4.2% | |
| Q3 2017 | +1.6% | +1.7% | +2.0% | |
| Q2 2017 | +2.0% | +2.6% | +0.0% | |
| Q1 2017 | +4.9% | +5.1% | +6.2% | |
| Q4 2016 | +1.0% | +0.0% | +6.0% | |
| Q3 2016 | +1.0% | +1.2% | +3.7% | |
| Q2 2016 | -2.7% | -3.1% | -2.1% | |
| Q1 2016 | -1.5% | — | — | |
| Q4 2015 | +5.0% | — | — | |
| Q3 2015 | -1.3% | — | — | |
| Q2 2015 | +2.7% | — | — | |
| Q1 2015 | -1.3% | — | — | |
| Q4 2014 | +2.5% | — | — | |
| Q3 2014 | +4.2% | — | — | |
| Q2 2014 | +2.3% | — | — | |
| Q1 2014 | -0.1% | — | — | |
| Q4 2013 | +0.5% | — | — | |
| Q3 2013 | -2.4% | — | — | |
| Q2 2013 | +0.1% | — | — | |
| Q1 2013 | +4.4% | — | — | |
| Q4 2012 | +1.0% | — | — | |
| Q3 2012 | +1.4% | — | — | |
| Q2 2012 | +6.3% | — | — | |
| Q1 2012 | +2.1% | — | — | |
| Q4 2011 | +0.7% | — | — | |
| Q3 2011 | +6.9% | — | — | |
| Q2 2011 | -3.3% | — | — | |
| Q1 2011 | +2.7% | — | — | |
| Q4 2007 | +0.2% | — | — | |
| Q4 2010 | +0.2% | — | — | |
| Q3 2010 | +1.8% | — | — | |
| Q2 2010 | -0.5% | — | — | |
| Q1 2009 | +1.7% | — | — | |
| Q1 2010 | +0.2% | — | — | |
| Q4 2009 | +1.8% | — | — | |
| Q3 2008 | -2.1% | — | — | |
| Q3 2009 | -2.1% | — | — | |
| Q4 2008 | +2.8% | — | — | |
| Q2 2009 | +2.8% | — | — | |
| Q2 2008 | +2.8% | — | — |
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