Honeywell Boosts FY23 Outlook As Q2 Profit Tops Estimates

RTTNews | 643天前
Honeywell Boosts FY23 Outlook As Q2 Profit Tops Estimates

(RTTNews) - While reporting financial results for the second quarter on Thursday, technology company Honeywell international, Inc. (HON) raised its adjusted earnings and sales guidance for the full-year 2023, based on the second-quarter performance and management's outlook for the remainder of the year.

For fiscal 2023, the company now projects adjusted earnings in a range of $9.05 to $9.25 per share on sales between $36.7 billion and $37.3 billion, representing a year-over-year organic sales growth of 4 to 6 percent.

Previously, the company expected adjusted earnings in the range of $9.00 to $9.25 per share on sales between $36.5 billion to $37.3 billion, representing a year-over-year organic sales growth of 3 to 6 percent.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $9.17 per share on sales of $37.01 billion for the year. Analysts' estimates typically exclude special items.

For the second quarter, the company reported net income attributable to Honeywell of $1.49 billion or $2.22 per share, up from $1.26 billion or $1.84 per share in the prior-year quarter.

Excluding items, adjusted earnings for the quarter was $2.23 per share, compared to $2.10 per share in the year-ago quarter.

Sales for the quarter grew 2 percent to $9.15 billion from $8.95 billion in the same quarter last year.

The Street was looking for earnings of $2.21 per share on revenues of $9.17 billion for the quarter.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

read more
Honeywell Recalls Fendall 2000 Non-Sterile Eyewash Cartridges

Honeywell Recalls Fendall 2000 Non-Sterile Eyewash Cartridges

Honeywell Safety Products USA, Inc., affiliated to conglomerate Honeywell International Inc., has recalled Fendall 2000 Non-Sterile Eyewash Cartridge for the Fendall 2000 Eyewash Station, according to the U.S. Food and Drug Administration. The recall was initiated due to a lack of appropriate policies and procedures by Honeywell's supplier, which has been found to be non-compliant with current go
RTTNews | 387天前
CPSC Recalls: Textron Vehicles, Honeywell Fire Alarm Sounders, Boilers

CPSC Recalls: Textron Vehicles, Honeywell Fire Alarm Sounders, Boilers

The U.S. Consumer Product Safety Commission or CPSC has announced recalls including Textron Specialized Vehicles' light utility vehicles, Honeywell International Inc.'s Fire Alarm Sounders and Strobes, as well as U.S. Boiler Co. LLC's Gas-Fired Hot Water Residential Boilers, citing various reasons. Textron's light utility vehicles were called for fire risk...
RTTNews | 411天前
Japanese Market Slightly Higher

Japanese Market Slightly Higher

The Japanese market is trading slightly higher on Thursday, extending the gains in the previous five sessions, following the mixed cues from Wall Street overnight. The Nikkei 225 is moving above the 36,100 level, with a mixed performance across most sectors as traders remain cautious ahead of the Bank of Japan's latest monetary policy decision.
RTTNews | 1小時24分鐘前
Australian Market Slightly Lower

Australian Market Slightly Lower

The Australian market is trading slightly lower on Thursday, snapping a five-session winning streak, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying above the 8,100 level, with slight weakness across most sectors led by mining and energy stocks. Some gold stocks were gaining.
RTTNews | 2小時3分鐘前
Little Movement Seen For Japan Stock Market

Little Movement Seen For Japan Stock Market

The Japanese stock market has finished higher in five straight sessions, rallying almost 1,850 points or 5 percent along the way. The Nikkei 225 now sits just beneath the 36,050-point plateau and it's likely to hold steady in that neighborhood again on Thursday.
RTTNews | 3小時55分鐘前
Japan Rate Decision On Tap For Thursday

Japan Rate Decision On Tap For Thursday

The Bank of Japan will wrap up its monetary policy meeting on Thursday and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity. The BoJ is widely expected to leave its benchmark lending rate unchanged at 0.50 percent.
RTTNews | 4小時55分鐘前