Honeywell delivers strong first quarter results and beats guidance on all metrics, raises full-year sales, segment margin, and adjusted eps guidance

Sales of $8.9 billion, reported sales up 6%, organic1 sales up 8% operating margin up 390 basis points to 19.1%; segment margin1 up 90 basis points to 22.0% earnings per share and adjusted earnings per share1 of $2.07, exceeding high end of guidance by 11 cents backlog2 increased to a record $30.3 billion, up 6% year over year announced $670 million acquisition of compressor controls corporation company raises midpoint of full-year adjusted eps3 guidance by 13 cents; reaffirms full-year cash flow1 guidance charlotte, n.c. , april 27, 2023 /prnewswire/ -- honeywell (nasdaq: hon) today announced results for the first quarter that exceeded the company's guidance across all metrics.
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