Categories AlphaGraphs, Earnings, Industrials
Earnings Infographic: Honeywell (HON) Q3 revenue and earnings increase
Honeywell International Inc. (NASDAQ: HON) on Thursday said its adjusted earnings increased 11% in the third quarter of 2022, aided by strong sales growth.
The Charlotte-based engineering conglomerate reported adjusted earnings of $2.25 per share for the September quarter, higher than last year’s profit of $2.02 per share. Net profit, including special items, was $1.55 billion or $2.28 per share, compared to $1.26 billion or $1.80 per share in the prior-year period.
Honeywell’s net sales grew 6% year-over-year to $8.95 billion during the three-month period, with both product and service sales increasing sharply.
Check this space to read management/analysts’ comments on Honeywell’s Q3 2022 earnings
“Despite ongoing challenges across supply chains, we grew sales by 6% on a reported basis and 9% organically, with strong double-digit growth in our advanced materials, commercial aerospace, and building products businesses. Our backlog remains near record levels, closing the third quarter at $29.1 billion, up 9% year over year, and providing us with confidence in our demand expectations against an increasingly uncertain macroeconomic backdrop,” said Honeywell’s CEO Darius Adamczyk.
Prior Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Take-Two Interactive Software (TTWO) Earnings: 4Q24 Key Numbers
Take-Two Interactive Software, Inc. (NASDAQ: TTWO) reported net revenue of $1.40 billion for the fourth quarter of 2024, which was down 3% year-over-year. Net loss was $2.90 billion, or $17.02
Applied Materials (AMAT) Earnings: 2Q24 Key Numbers
Applied Materials, Inc. (NASDAQ: AMAT) reported revenue of $6.65 billion for the second quarter of 2024, which remained flat year-over-year. GAAP net income increased 9% to $1.72 billion and EPS
What to expect when Macy’s (M) reports its Q1 2024 earnings results
Shares of Macy’s, Inc. (NYSE: M) stayed green on Thursday. The stock has gained 23% over the past 12 months. The retailer is scheduled to report its first quarter 2024