Honeywell Beats On Q2 Earnings, Thanks To Aerospace Strength; Lowers FY24 EPS Outlook
Honeywell Beats On Q2 Earnings, Thanks To Aerospace Strength; Lowers FY24 EPS Outlook
Honeywell International Inc. (NASDAQ:HON) shares are trading lower after the company reported second-quarter results and lowered FY24 EPS guidance.
霍尼韦尔国际公司（纳斯达克：HON）发布二季度业绩报告并下调2024财年每股收益预期后，其股价下跌。
Revenue grew 5% Y/Y (organic: +4% Y/Y) to $9.58 billion, beating the consensus of $9.41 billion.
营业收入同比增长5％（有机增长：同比增长4％），达到95.8亿美元，超过了预期的94.1亿美元。
The sales increase was attributed to double-digit organic sales growth in defense and space, commercial aviation, and building solutions.
空军和太空、商用航空和建筑解决方案中，有机销售增长率均达到两位数，是销售额增长的原因之一。
Adjusted EPS was $2.49 (+8% Y/Y), beating the consensus of $2.42.
调整后的每股收益为2.49美元（同比增长8％），超过了预期的2.42美元。
Sales by Segments: Aerospace Technologies $3.89 billion (+16% Y/Y), Industrial Automation $2.51 billion (-8% Y/Y), Building Automation $1.57 billion (+4% Y/Y) and Energy and Sustainability Solutions $1.60 billion (+2% Y/Y).
各板块销售额：航天技术389亿美元（同比增长16％），工业自动化251亿美元（同比下降8％），建筑自动化157亿美元（同比增长4％）及能源化工16亿美元（同比增长2％）。
Operating margin expanded by 10 bps Y/Y to 20.7%, and Segment margin contracted by 10 bps Y/Y to 23.0% in the quarter.
营业利润率同比扩大10个基点，达到20.7％，而板块利润率在本季度同比收缩10个基点，降至23.0％。
Operating cash flow stood at $1.4 billion and free cash flow was $1.1 billion.
经营性现金流为14亿美元，自由现金流为11亿美元。
Also Read: Honeywell Gears Up United Airlines' New 737 MAX with Cutting-Edge Avionics: Details
另外：霍尼韦尔为联合大陆航空的新737 MAX装备了尖端的航电系统。
Honeywell chairman and CEO Vimal Kapur said, "While Aerospace continues to lead our growth, we are seeing broader participation across our portfolio, with three of our four segments contributing positive growth for the quarter. All four segments grew sequentially in the quarter as well, giving us further confidence in our expectation of a second half organic growth acceleration."
霍尼韦尔董事长兼首席执行官维马尔·卡普尔表示：“尽管航空业务仍然是我们增长的主要推动力，但我们看到端到端解决方案在产品组合的各个板块中得到广泛的确认，其中三个板块为本季度的增长做出了积极贡献。四个业务板块在本季度的销售量都实现了环比增长，这进一步增强了我们对下半年有机增长加速的预期。”
"We also recently announced two additional deals – the $1.9 billion acquisition of CAES Systems and the $1.8 billion acquisition of Air Products' LNG process technology and equipment business."
他补充道：“我们最近还宣布了两笔重要交易—19亿美元收购CAES Systems以及18亿美元收购空气产品的液化天然气工艺技术和设备业务。”
Related: Honeywell Swoops In To Acquire CAES For $1.9B, Boosts Defense Business
另见：霍尼韦尔以19亿美元收购CAES，推动国防业务发展。
"We continue to make significant progress on my key priorities for Honeywell as we accelerate our alignment to three powerful megatrends – automation, the future of aviation, and energy transition, all underpinned by digitalization."
他表示：“我们在加速与三大趋势-自动化、航空未来和能源转型的战略对齐方面，取得了重要进展，所有这些战略都是以数字化为基础。”
Honeywell held cash and equivalents of about $9.8 billion as of June-end.
截至6月底，霍尼韦尔拥有约98亿美元的现金及现金等价物。
The company deployed $6.4 billion of capital to share repurchases, dividends, and capital expenditures.
该公司用于股票回购、分红和资本支出方面的资本投入为64亿美元。
FY24 Outlook: The company raised sales growth to $39.10 billion-$39.70 billion (from $38.5 billion – $39.3 billion) versus the consensus of $38.76 billion.
2024财年展望：该公司将销售增长预期上调至391亿美元至397亿美元(原预期为385亿至393亿)，超过预期的387.6亿美元。
Honeywell lowered adjusted EPS guidance to $10.05-$10.25 (from $10.15-10.45) versus the estimate of $10.25.
霍尼韦尔将调整后的每股收益指引下调至10.05美元至10.25美元(原为10.15美元-10.45美元)，低于10.25美元的预期。
Also, Honeywell reduced the outlook for segment margin to 23.3%-23.5% (from 23.8%-24.1%), with segment margin contraction of 20 bps- flat.
此外，公司把板块利润率指引下调至23.3％-23.5％(原为23.8％-24.1％)，仍会有20个基点到持平的板块利润率收缩。
The company now expects an operating cash flow of $6.6 billion- $7.0 billion and a free cash flow of $5.5 billion – $5.9 billion.
该公司现预计，运营现金流为66亿美元至70亿美元，自由现金流为55亿美元至59亿美元。
Investors can gain exposure to the stock via Gabelli Commercial Aerospace And Defense ETF (NYSE:GCAD) and Invesco Aerospace & Defense ETF (NYSE:PPA).
投资者可以通过Gabelli商业航空和国防ETF（NYSE:GCAD）和景顺航空与国防ETF（NYSE:PPA）获得该股票的暴露。
Price Action: HON shares are down 4.52% at $204.00 premarket at the last check Thursday.
截至上周四，霍尼韦尔股价以204.00美元跌4.52%。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
免责声明：本内容部分使用人工智能工具生成，并经Benzinga编辑审核发布。
Photo via Shutterstock
图片来自shutterstock。