Honeywell sees FY25 adjusted EPS $10.10-$10.50, consensus $10.91

Sees FY25 revenue $39.6B-$40.6B, consensus $41.26B. The company said, “Honeywell (HON) also announced its outlook for 2025. The company expects sales of $39.6 billion to $40.6 billion with organic sales growth in the range of 2% to 5%. Segment margin is expected to be in the range of 23.2% to 23.6%, with segment margin expansion of 60 to 100 basis points. Adjusted earnings per share is expected to be in the range of $10.10 to $10.50, up 2% to 6%. The company expects operating cash flow of $6.7 billion to $7.1 billion, and free cash flow1 of $5.4 billion to $5.8 billion. Excluding the impact of the Bombardier agreement4, the company expects organic sales growth of 1% to 4%, segment margin down 10 to up 30 basis points year over year, and adjusted earnings per share down 2% to up 2% year over year. Guidance assumes a mid-year close of the previously announced sale of the company’s Personal Protective Equipment business.”