Honeywell — Oct 24, 2024 release

I look forward to sharing more in the future as we further align our portfolio with the key megatrends of automation, the future of aviation, and energy transition." As a result of the company's third-quarter performance and management's outlook for the remainder of the year, including the impact of recently closed acquisitions, Honeywell updated its full-year sales, segment margin 2 , adjusted earnings per share 2,3 , and cash flow guidance 1 . Full-year sales are now expected to be $38.6 billion to $38.8 billion with organic 1 sales growth of 3% to 4%. Segment margin 2 is now expected to be in the range of 23.4% to 23.5% with segment margin 2 flat to down 10 basis points year over year. 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. Defens