Honeywell (NASDAQ:HON) Q2 Adjusted Earnings, Sales Increase; Updates 2023 Outlook

Honeywell International (NASDAQ:HON) reported Q2 adjusted earnings  of $2.23 per diluted share, up from $2.10 per share a year earlier.

Analysts polled by Capital IQ expected adjusted EPS of $2.21.

Net sales for the quarter ended June 30 were $9.15 billion, compared with $8.95 billion a year earlier. Analysts surveyed by Capital IQ expected $9.17 billion.

Honeywell also said it now expects 2023 adjusted EPS to be $9.60 to $9.80, compared with the prior outlook of $9.55 to $9.80. Analysts polled by Capital IQ expect adjusted EPS of $9.15.

Sales for the year are projected to be $36.7 billion to $37.3 billion, compared with the prior outlook of $36.5 billion to $37.3 billion. Analysts polled by Capital IQ expect $37 billion.

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