Welcome to our dedicated page for Honeywell Intl news (Ticker: HON), a resource for investors and traders seeking the latest updates and insights on Honeywell Intl stock.
Honeywell International reports developments across a multi-industry operating portfolio that includes Aerospace Technologies, Building Automation, Process Automation and Technology, and Industrial Automation. Company updates address operating and financial results, dividend declarations, capital-structure actions, governance matters, segment realignment, and portfolio disclosures.
Honeywell announcements also describe customer deployments of connected services, advanced digital performance monitoring, operator training, Honeywell Forge, Performance+ Services, and UOP process technology. Other recurring subjects include material agreements and regulatory or registration disclosures involving majority-owned businesses such as Quantinuum.
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Honeywell reported sales of $8.9 billion for Q1 2023, a 6% year-over-year increase. Organic sales grew by 8%, driven by double-digit growth in Aerospace and Performance Materials. The operating margin expanded to 19.1%, an increase of 390 basis points. Earnings per share (EPS) reached $2.07, surpassing guidance by 11 cents. The backlog increased to a record $30.3 billion, marking a 6% year-over-year rise. Honeywell also announced a $670 million acquisition of Compressor Controls Corporation and raised the midpoint of its full-year EPS guidance by 13 cents.
Overall, the company is optimistic about 2023, citing strong positions in various markets and a favorable backlog.