Honeywell: raises FY 2021 targets

(CercleFinance.com) - When it unveiled its quarterly results Honeywell said that it is raising its annual guidance, now looking for adjusted EPS of 7.
95-8.10 dollars (vs. a previous target range of 7.75-8.00 dollars), with revenue of 34.6-35.2 billion dollars (vs. 34-34.8 billion dollars previously).

Over Q2 2021, the industrial conglomerate posted adjusted EPS that is up 60% at 2.02 dollars, with its segment margin improving 190 basis points to 20.4%.

Revenues rose 18% to just over 8.8 billion dollars, including organic growth of 15%, led by its security and productivity solutions business (+35%).


Copyright (c) 2021 CercleFinance.com. All rights reserved.