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Honeywell Worldwide Inc. (NASDAQ: HON) on Thursday mentioned its adjusted earnings elevated 11% within the third quarter of 2022, aided by robust gross sales development.
The Charlotte-based engineering conglomerate reported adjusted earnings of $2.25 per share for the September quarter, larger than final yr’s revenue of $2.02 per share. Internet revenue, together with particular objects, was $1.55 billion or $2.28 per share, in comparison with $1.26 billion or $1.80 per share within the prior-year interval.
Honeywell’s internet gross sales grew 6% year-over-year to $8.95 billion throughout the three-month interval, with each product and repair gross sales growing sharply.
Examine this house to learn administration/analysts’ feedback on Honeywell’s Q3 2022 earnings
“Regardless of ongoing challenges throughout provide chains, we grew gross sales by 6% on a reported foundation and 9% organically, with robust double-digit development in our superior supplies, industrial aerospace, and constructing merchandise companies. Our backlog stays close to document ranges, closing the third quarter at $29.1 billion, up 9% yr over yr, and offering us with confidence in our demand expectations towards an more and more unsure macroeconomic backdrop,” mentioned Honeywell’s CEO Darius Adamczyk.
Prior Efficiency
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