HONEYWELL INTERNATIONAL Reports Earnings for FY2023 Q2 Ending June 30 2023

🌥️Earnings Overview

On July 27 2023, HONEYWELL INTERNATIONAL ($NASDAQ:HON) announced its earnings results for the second quarter of FY2023, ending June 30 2023. Total revenue for the period amounted to USD 9.2 billion, showing a year-over-year increase of 2.2%. Net income for the quarter was USD 1.5 billion, representing an 18.3% growth compared to the same quarter last year.

Price History

The stock opened at $203.7 and closed at $196.4, a drop of 5.7% from its previous closing price of $208.3. Although the stock experienced a decrease in value, this does not necessarily indicate an overall decrease in the company’s performance. Instead, it may simply reflect investors’ sentiment towards the company. It remains to be seen how these earnings will affect the company long-term.

As for now, it can be said that HONEYWELL INTERNATIONAL is still performing strongly. The company has a diversified portfolio and a strong presence in the market, which should bode well for its future performance. Furthermore, investors should stay tuned for further developments regarding the company’s financial reports in the coming quarters. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Honeywell International. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Honeywell International. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Honeywell International. More…

Key Ratios Snapshot

Some of the financial key ratios for Honeywell International are shown below. More…

Analysis

At GoodWhale, we have conducted a thorough analysis of the financials of HONEYWELL INTERNATIONAL. Our Star Chart shows that HONEYWELL INTERNATIONAL is strong in dividend, profitability, and medium in asset. The only area where it is weak is growth. Additionally, our Health Score gives an impressive 9/10 rating considering its cashflows and debt, which suggests that the company is capable of safely riding out any crisis without the risk of bankruptcy. We classify HONEYWELL INTERNATIONAL as a “cow”, a type of company that has the track record of paying out consistent and sustainable dividends. Given these qualities, HONEYWELL INTERNATIONAL may be attractive to investors looking for a steady and reliable income source. Furthermore, the company’s ability to handle financial hardships may also be attractive to those seeking more security in their investments. Investors that prioritize capital preservation and dividend income are likely to find HONEYWELL INTERNATIONAL appealing. More…

Peers

Honeywell International Inc is an American multinational conglomerate company that produces a variety of commercial and consumer products, engineering services and aerospace systems for a wide variety of customers, from private consumers to major corporations and governments. Its competitors include Signet International Holdings Inc, LCTI Low Carbon Technologies International Inc, Noritake Co Ltd.

– Signet International Holdings Inc ($OTCPK:LWCTF)

Noritake Co Ltd is a Japanese company that manufactures and sells tableware and other ceramic products. The company has a market cap of 58.36 billion as of 2022 and a return on equity of 6.39%. Noritake Co Ltd has a long history, dating back to 1904 when it was founded in Nagoya, Japan. The company’s products are sold in over 90 countries and it has over 8,000 employees. Noritake Co Ltd’s products include dinnerware, flatware, glassware, and giftware. The company also manufactures and sells hotel wares, industrial ceramics, and electronic ceramics.

Summary

Honeywell International reported its earnings results for the second quarter of FY2023 on July 27th, showing a 2.2% year-over-year increase in total revenue to $9.2 billion and an 18.3% year-over-year increase in net income to $1.5 billion. Despite the strong financial performance, the stock price dropped on the same day. For investors considering a position, this could be an opportunity to gain exposure to a company with a strong history of consistent growth and good returns.

As the company continues to invest in research and development, the long-term fundamentals remain positive. This could be an attractive entry point for investors who are confident in the company’s future prospects and who recognize the potential of investing in a blue-chip company at a reasonable price.