The earnings call presented a balanced view with key highlights in record backlog and strategic initiatives like the separation plan and Bombardier agreement, while acknowledging challenges in margins, macroeconomic conditions, and short-cycle demand.

Company Guidance

During the Honeywell Fourth Quarter 2024 Earnings Conference Call, the company provided guidance for the first quarter and full year 2025, highlighting several key metrics. Honeywell expects 2025 organic sales growth of 2% to 5%, with sales projected between $39.6 billion and $40.6 billion. The company plans to deploy over $25 billion of capital through 2025, following $14 billion deployed in 2024, including acquisitions. Segment margin is anticipated to expand by 60 to 100 basis points, with adjusted earnings per share projected between $10.10 and $10.50, marking a 2% to 6% increase. Honeywell forecasts free cash flow between $5.4 billion and $5.8 billion. Additionally, Honeywell announced the planned separation of its Automation and Aerospace divisions into independent companies by the second half of 2026, resulting in three focused entities, including the previously announced spin-off of Advanced Materials.

Exceeded Guidance for Q4 2024

Honeywell finished 2024 on a positive note, meeting or exceeding the high end of guidance for organic sales growth and adjusted earnings growth in the fourth quarter.

Record Backlog and Orders

Honeywell's backlog reached a record level of $35.3 billion, growing 11% year-over-year, with orders increasing 11% organically from the prior year.

Strategic Separation Plan

Honeywell announced a strategic move to separate into three industry-leading public companies: Honeywell Automation, Honeywell Aerospace, and Advanced Materials, aiming to unlock significant value.

Bombardier Agreement

Landmark agreement with Bombardier to provide next-gen avionics, propulsion, and satellite communications technology, valued at $17 billion over its lifetime.

Strong Free Cash Flow Guidance

Honeywell expects free cash flow between $5.4 billion and $5.8 billion in 2025, with plans to deploy $3 billion to reduce share count by at least 1%.

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Honeywell International (HON) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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HON Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 24, 2025	2025 (Q1)	2.25 / -	2.25	―	―	―
Feb 06, 2025	2024 (Q4)	2.32 / 2.47	2.6	-5.00% (-0.13)
Oct 24, 2024	2024 (Q3)	2.51 / 2.58	2.27	13.66% (+0.31)
Jul 25, 2024	2024 (Q2)	2.42 / 2.49	2.23	11.66% (+0.26)
Apr 25, 2024	2024 (Q1)	2.17 / 2.25	2.07	8.70% (+0.18)
Feb 01, 2024	2023 (Q4)	2.59 / 2.60	2.52	3.17% (+0.08)
Oct 26, 2023	2023 (Q3)	2.23 / 2.27	2.25	0.89% (+0.02)
Jul 27, 2023	2023 (Q2)	2.21 / 2.23	2.1	6.19% (+0.13)
Apr 27, 2023	2023 (Q1)	1.93 / 2.07	1.91	8.38% (+0.16)
Feb 02, 2023	2022 (Q4)	2.51 / 2.52	2.09	20.57% (+0.43)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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HON Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 06, 2025	$222.35	$209.82	-5.64%
Oct 24, 2024	$219.26	$208.08	-5.10%
Jul 25, 2024	$211.45	$200.36	-5.24%
Apr 25, 2024	$191.76	$190.02	-0.91%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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