Consensus $2.57. Lowers Q4 revenue view to $9.8B-$10B from $10.1B-$10.3B, consensus $10.19B. Backs Q4 organic growth view 8%-10%. The company said, “As a result of the reclassification of Advanced Materials to discontinued operations, Honeywell (HON) adjusts its full-year and fourth quarter adjusted sales, segment margin, adjusted earnings per share, and free cash flow guidance. Excluding the reclassification, there is no change to the company’s expectations for its fourth quarter non-GAAP financial guidance… In addition, Honeywell is providing an update on its previously disclosed Flexjet-related litigation matters, which it expects will result in a one-time charge in the fourth quarter. This charge will not impact the company’s non-GAAP financial metrics or guidance. Any potential settlements of these litigation matters are anticipated to include one-time cash payments totaling approximately $470 million in the aggregate to the involved parties.”
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