Honeywell: contrasting adjustments to annual targets

(CercleFinance.com) - Honeywell reports tightening up of its adjusted EPS and segment margin targets for FY 2024, now anticipating target ranges of $10.
15-$10.25 and 23.4%-23.5% respectively.

However, the diversified industrial group is lowering its annual revenue guidance to $38.bn to $38.8bn, compared with a previous target range of $39.1bn to $39.7bn.

Honeywell posted Q3 adjusted EPS up 8% to $2.58 and a segment margin of 23.6%, above its target range, on revenues up 6% to $9.7bn (+3% organic).


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