Honeywell International ( (HON) ) has released its Q4 earnings. Here is a breakdown of the information Honeywell International presented to its investors.
Honeywell International Inc. is a diversified global technology and manufacturing company, operating in sectors such as aerospace, automation, and energy solutions, renowned for integrating advanced technologies and software solutions into its offerings.
Honeywell’s latest earnings report for the fourth quarter and full year 2024 reveals robust financial performance, surpassing previous guidance. The company recorded a 7% increase in fourth-quarter sales to $10.1 billion and a full-year operating cash flow of $6.1 billion, reflecting a strong end to the year amidst challenging market conditions.
The financial highlights include a fourth-quarter earnings per share of $1.96 and an adjusted earnings per share of $2.47, both exceeding expectations. The company also successfully deployed a record $14.6 billion in capital and made significant strides in portfolio optimization with strategic acquisitions totaling $8.9 billion. Honeywell’s backlog grew by 11% to a record $35.3 billion, driven by strong performance in defense, space, and building solutions.
Looking ahead, Honeywell has issued its 2025 guidance, projecting adjusted earnings per share between $10.10 and $10.50, an increase of 2% to 6%. The company also plans a strategic separation of its Automation and Aerospace businesses, aiming to create three independent, publicly traded entities by 2026, which is expected to unlock significant shareholder value.
The management remains optimistic about the company’s future, expressing confidence in the revitalized portfolio strategy and Honeywell’s ability to deliver continued value to its stakeholders in the coming years.