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☆ Honeywell deftly navigates economic pressures to deliver Q3 earnings beat
  + stars: | 2022-10-27 | by ( Zev Fima | ) www.cnbc.com   time to read: +8 min
Profit margins expanded in every operating segment, operating cash flow was better than expected and Honeywell's adjusted free cash flow conversion ratio came in at 124%. Segment Q3 results Aerospace Sales rose 9% year-over-year, to $2.98 billion, ahead of the $2.92 billion predicted by analysts. The segment margin climbed 40 basis points on an annual basis, to 27.5%. Organic sales growth was up 19% compared with the same period last year. The overall segment margin is expected to come in between 22.8% and 23.2%, versus a 22.9% consensus estimate.
☆ Honeywell gets a well-deserved stock boost on terrific quarter, adequate guide
  + stars: | 2022-07-28 | by ( Zev Fima | ) www.cnbc.com   time to read: +8 min
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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