Honeywell: adjusted Q3 EPS down 25%

(CercleFinance.com) - Honeywell has reported Q3 adjusted EPS that is down 25% to 1.
56 dollar, above the consensus, with a segment margin that is down 130 basis points to 19.9%.

Revenues declined by 14% to 7.8 billion dollars, both on as reported and on an organic basis, particularly weighed on by the aerospace division (-25%), while only the safety and productivity solutions division posted growth (+8%).

The industrial conglomerate confirms its FY 2020 targets, which include adjusted EPS of 7-7.05 dollars, a segment margin of 20.4%-20.5% and revenues of 31.9-32.2 billion dollars.


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