Honeywell International: Q1 Earnings Insights

Shares of Honeywell International HON moved higher by 0.4% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share decreased 13.12% over the past year to $1.92, which beat the estimate of $1.80.

Revenue of $8,454,000,000 decreased by 0.11% from the same period last year, which beat the estimate of $8,090,000,000.

Looking Ahead

Honeywell raised its FY21 sales guidance from $33.4 billion-$34.4 billion to $34 billion-$34.8 billion. 

The company also narrowed adjusted EPS guidance from $7.60-$8 to $7.75-$8.

Conference Call Details

Date: Apr 23, 2021

Time: 08:30 AM

ET Webcast URL: https://honeywell.webcasts.com/starthere.jsp?ei=1451799&tp_key=7cc6b38609

Recent Stock Performance

52-week high: $232.35

Company's 52-week low was at $117.11

Price action over last quarter: Up 17.50%

Company Profile

Honeywell traces its roots to 1885 with Albert Butz's firm, Butz-Thermo Electric Regulator, which produced a predecessor to the modern thermostat. Today, Honeywell is a global multi-industry behemoth with one of the largest installed bases of equipment. The firm operates through four business segments, including aerospace, building technologies, performance materials and technologies, and safety and productivity solutions. In recent years, the firm has made several portfolio changes, including the addition of Intelligrated in 2016, as well as the spins of Garrett Technologies and Resideo in 2018. In 2019, the firm launched Honeywell Forge, its enterprise performance management software solution that leverages the firm's domain expertise in buildings, airlines, and critical infrastructure.