Honeywell Raises FY24 Sales Outlook From $38.1B - $38.9B To $38.5B - $39.3B (Est $38.449B), Adjusted EPS From $9.80 - $10.10 To $10.15 - $10.45 (Est $9.93)
Portfolio Pulse from Benzinga Newsdesk
Honeywell has raised its FY24 sales outlook to $38.5B - $39.3B and adjusted EPS to $10.15 - $10.45, surpassing estimates. The company expects organic sales growth of 4% to 6%, segment margin expansion of 30 to 60 basis points, and free cash flow of $5.6B to $6.0B.
June 03, 2024 | 11:22 am
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Honeywell has raised its FY24 sales outlook to $38.5B - $39.3B and adjusted EPS to $10.15 - $10.45, surpassing estimates. The company expects organic sales growth of 4% to 6%, segment margin expansion of 30 to 60 basis points, and free cash flow of $5.6B to $6.0B.
Honeywell's raised sales and EPS outlook, along with expected organic sales growth and margin expansion, indicate strong future performance. This positive revision is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100