Categories AlphaGraphs, Earnings, Industrials
Infographic: Honeywell reports higher Q1 profit; sales up 3%
Engineering company Honeywell International Inc. (NASDAQ: HON) Thursday reported an increase in earnings and sales for the first quarter of 2024.
At $9.1 billion, total sales were up 3% in the first three months of fiscal 2024. Sales at the core Aerospace Technologies segment grew 18%, driving the top-line growth.
On an adjusted basis, first-quarter earnings increased 9% annually to $2.25 per share. Unadjusted profit moved up to $1.46 billion or $2.23 per share from $1.39 billion or $2.07 per share in the same period of 2023.
Vimal Kapur, CEO of Honeywell, said, “As long-cycle customer demand remained strong, our robust backlog increased 6% year over year and was up sequentially, ending the quarter at a record level of $32.0 billion. We also experienced pockets of recovery in short cycle, and expect broader participation as the year unfolds and channels normalize further.”
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Intensity Therapeutics is establishing a new field of localized cancer reduction: CEO
Intensity Therapeutics, Inc. (NASDAQ: INTS) is a clinical biotechnology company engaged in the discovery development, and commercialization of first-in-class cancer drugs that attenuate tumors with minimal side effects while training
INTU Earnings: Intuit Q1 2025 adj. profit rises on higher revenues
Financial technology company Intuit Inc. (NASDAQ: INTU) Thursday announced results for the first quarter of 2025, reporting a modest increase in adjusted earnings. The Mountain View-headquartered company’s first-quarter revenue came
Riding the AI wave, Nvidia looks set to stay on the high-growth path
After delivering strong results for the third quarter, Nvidia Corporation (NASDAQ: NVDA) this week said the launch of its new-generation Blackwell chip is on track. The company is thriving on
