Honeywell +3.2% on EPS beat, aero strength

|About: Honeywell International, Inc. (HON)|By:, SA News Editor

Earnings per share (excluding separation costs and favorable adjustments to U.S. tax legislation) were $2.03, up 17% Y/Y.

Sales by segment: Aerospace +10%; Home and Building Technologies +2%; Performance Materials and Technologies +3%; Safety and Productivity Solutions +11%.

Generated more than $1.8B of adjusted free cash flow, up 51% Y/Y, with conversion of 119%.

Repurchased approximately $600M inshares and increased the dividend by 10% - the ninth double-digit increase since 2010.

Revised full-year guidance to reflect strong operational performance, spinoff Garrett Motion and the upcoming spinoff of Resideo Technologies. Sales are now expected to be $41.7B-$41.8B; organic sales growth of approximately 6%; segment margin expansion of 50 to 60 basis points; adjusted earnings per share of $7.95-$8.00.

Conference call today at 8:30 a.m. EDT.

HON +3.2% premarket

Q3 results

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