HONEYWELL INTERNATIONAL Reports Earnings for FY2023 Q2 on July 27 2023
August 26, 2023
🌥️Earnings Overview
HONEYWELL INTERNATIONAL ($NASDAQ:HON) reported its earnings for FY2023 Q2, which ended on June 30 2023, on July 27 2023. The total revenue of USD 9.2 billion represented a 2.2% year-on-year increase, while the net income rose 18.3% from the prior year to USD 1.5 billion.
Stock Price
The stock opened at $203.7 before the announcement, but quickly dropped by 5.7%, closing at $196.4. This is in comparison to their last closing price of 208.3. Analysts are attributing the drop to the company’s lower-than-expected earnings reports, which slightly missed analyst estimates. Although the news was not as good as expected, there were some bright spots in the earnings report. HONEYWELL INTERNATIONAL reported strong revenue and profit growth from the previous quarter, which was a cause for celebration for the company.
Additionally, their cash flow also improved and they reduced their debt load significantly, which bodes well for their long-term financial health. Despite the less-than-ideal financial news, investors remain generally optimistic about the company’s future prospects. With their leaner balance sheet and stronger cash flow, many analysts believe that HONEYWELL INTERNATIONAL has the potential to reach new heights in the coming years. The market’s reaction to the earnings report was negative in the short-term, but with their strong fundamentals, HONEYWELL INTERNATIONAL may yet deliver strong returns in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Honeywell International. More…
| Total Revenues | Net Income | Net Margin |
| 36.15k | 5.45k | 15.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Honeywell International. More…
| Operations | Investing | Financing |
| 5.03k | -1.22k | -3.36k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Honeywell International. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 62.34k | 44.44k | 26.05 |
Key Ratios Snapshot
Some of the financial key ratios for Honeywell International are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 1.5% | 5.0% | 20.6% |
| FCF Margin | ROE | ROA |
| 11.5% | 27.2% | 7.5% |
Analysis
At GoodWhale, we recently performed an analysis of HONEYWELL INTERNATIONAL‘s wellbeing. Based on our Risk Rating system, HONEYWELL INTERNATIONAL is a low risk investment in terms of financial and business aspects. We looked at various factors such as financial performance, management credentials, auditing and compliance, debt-to-equity ratio, and other parameters, and gave them a score of low risk. It is important to note that while HONEYWELL INTERNATIONAL may be a low risk investment, there may still be areas of potential risks that should be further investigated. To do so, simply register on goodwhale.com to check out the business and financial areas that may have a higher risk level than the overall score indicates. By staying aware of the latest developments and trends in the industry, you can ensure that your investments in HONEYWELL INTERNATIONAL remain profitable in the long term. 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 fiscal year 2023 second quarter results on July 27th, 2023, with a total revenue of $9.2 billion and a net income of $1.5 billion. Both figures show an increase from the same period last year, with total revenue increasing by 2.2% and net income increasing by 18.3%. Despite the positive financial figures, the company’s stock price dropped after the announcement, presenting investors with an interesting opportunity for analysis. Investors should look into the company’s financial performance, management strategies, and competitive environment in order to make an informed decision on whether or not to invest in Honeywell International.
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