HON's third-quarter 2024 results benefit from growth in commercial aviation and defense & space end markets. Persistent softness across the warehouse & workflow solutions business hurts results.
Honeywell International (HON) shares declined Thursday after the aviation and safety equipment manufacturer missed sales estimates and lowered its revenue guidance as demand for its industrial automation products slumped.
A slight earnings beat doesn't mask headwinds impacting the business.
Honeywell International Inc. (NASDAQ:HON ) Q3 2024 Earnings Conference Call October 24, 2024 8:30 AM ET Company Participants Sean Meakim - Vice President of Investor Relations Vimal Kapur - Chairman and Chief Executive Officer Greg Lewis - Senior Vice President and Chief Financial Officer Conference Call Participants Julian Mitchell - Barclays Steve Tusa - JPMorgan Nigel Coe - Wolfe Research Scott Davis - Melius Research Chris Snyder - Morgan Stanley Sheila Kahyaoglu - Jefferies Deane Dray - RBC Capital Markets Joe Ritchie - Goldman Sachs Andy Kaplowitz - Citigroup Operator Thank you for standing by, and welcome to the Honeywell Third Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
Although the revenue and EPS for Honeywell International (HON) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Honeywell International (HON) shares declined Thursday after the aviation and safety equipment manufacturer missed sales estimates and lowered its revenue guidance as demand for its industrial automation products slumped.
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Honeywell International Inc. (HON) came out with quarterly earnings of $2.58 per share, beating the Zacks Consensus Estimate of $2.50 per share. This compares to earnings of $2.27 per share a year ago.
Honeywell International Inc.'s stock fell 2.5% early Thursday, after the aerospace and technology company missed third-quarter sales estimates and lowered its guidance, offsetting a profit beat.
Honeywell reports third-quarter adjusted earnings of $2.58 a share, better than Wall Street estimates of $2.51.
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