Revenue at Honeywell rose 4% year over year organically to $9 billion for the quarter, exceeding expectations of $8.68 billion. However, full-year guidance was in-line to better-than-expected, with management raising its estimated midpoint for organic sales growth, adjusted earnings per share and segment margins. Honeywell generated operating cash flow of $789 million and free cash flow of $843 million, versus expectations of $892 million and $572 million, respectively. Starting with the third quarter, management forecasts sales of $8.9 billion to $9.2 billion, versus expectations of $9.14 billion. Full-year free cash flow guidance was unchanged at between $4.7 billion and $5.1 billion versus a $4.91 billion consensus.

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