Honeywell: targets raised for 2023
(CercleFinance.com) - On its quarterly earnings call, Honeywell has raised its targets for 2023, aiming for adjusted EPS of $9.
05 to $9.25, a segment margin of between 22.4% and 22.6%, and revenues of $36.7 to $37.3bn.
For Q2 2023, the industrial conglomerate posted adjusted EPS that rose 6% to $2.23, and a segment margin that improved by 150bp to 22.4%.
Meanwhile, revenues rose by 2% to $9.15bn, with organic growth of 3% driven by aerospace (+16%), as well as performance materials and technologies (+7%).
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