Honeywell backs FY24 adjusted EPS view $9.80-$10.10, consensus $9.95

Backs FY24 revenue view $38.1B-$38.9B, consensus $38.48B. Backs FY24 operating cash flow view $6.7B-$7.1B. The company said, “As a result of the company’s first-quarter performance and management’s outlook for the remainder of the year, Honeywell maintained its full-year sales, segment margin, adjusted earnings per share and cash flow guidance. Full-year sales are expected to be $38.1 billion to $38.9 billion, with organic sales growth in the range of 4% to 6%. Segment margin is expected to be in the range of 23.0% to 23.3%, with segment margin expansion of 30 to 60 basis points. Adjusted earnings per share is expected to be in the range of $9.80 to $10.10, up 7% to 10%. Operating cash flow is expected to be in the range of $6.7 billion to $7.1 billion, with free cash flow1 of $5.6 billion to $6.0 billion.”