Honeywell — Oct 24, 2024 release

Adjusted earnings per share 2,3 is now expected to be in the range of $10.15 to $10.25, up 7% to 8% year over year. Operating cash flow is now expected to be in the range of $6.2 billion to $6.5 billion, with free cash flow 1 of $5.1 billion to $5.4 billion. A summary of the company's full-year guidance can be found in Table 1. Third-Quarter Performance Honeywell sales for the third quarter were up 6% year over year on a reported basis and 3% on an organic 1 basis year over year. The third-quarter financial results can be found in Tables 2 and 3. Aerospace Technologies sales for the third quarter increased 10% on an organic 1 basis year over year, the ninth consecutive quarter of double-digit organic growth, led by continued strength in defense and space. Commercial original equipment grew double digits organically in the quarter on increased shipset deliveries, particularly in business and general aviation. Commercial aftermarket saw another quarter of strong growth as global flight activity rises. Defense and space sales increased 14% organically in the third quarter due to robust demand and supply chain improvements. Segment margin remained flat year over year at 27.7% as commercial excellence and productivity actions were offset by cost inflation and mix pressure within original equipment. Industrial Automation sales for the third quarter decreased 5% on an organic 1 basis year over year and were flat sequentially. Sales declines