Summary
Honeywell International Inc. reported its second quarter 2009 financial results, a period marked by ongoing economic challenges. The company demonstrated resilience, with revenue for the six months ended June 30, 2009, standing at $15.3 billion, a slight decrease compared to the prior year. Net income for the six-month period was $1.1 billion. Despite the challenging macroeconomic environment, Honeywell focused on operational efficiency and strategic initiatives to maintain its financial performance. Key to investors is the company's continued ability to generate strong cash flow from operations, which enables ongoing investment in the business and returns to shareholders. While revenue faced headwinds, the company's management highlighted efforts to manage costs and adapt to market conditions, suggesting a proactive approach to navigating the recession. The balance sheet remained robust, providing a solid foundation for future growth and potential acquisitions.
Financial Highlights
46 data points| Revenue | $7.57B |
| Cost of Revenue | $5.68B |
| Gross Profit | $1.84B |
| SG&A Expenses | $1.08B |
| Net Income | $431.00M |
| EPS (Basic) | $0.58 |
| EPS (Diluted) | $0.57 |
| Shares Outstanding (Diluted) | 750.10M |
Key Highlights
- 1Total revenue for the six months ended June 30, 2009, was $15.3 billion, down slightly from the same period in 2008, reflecting challenging economic conditions.
- 2Net income for the first six months of 2009 was $1.1 billion.
- 3The company generated significant cash flow from operations, underscoring its financial strength and ability to fund its business.
- 4Honeywell's balance sheet remained strong as of June 30, 2009, with total assets of $37.2 billion and total liabilities of $19.8 billion.
- 5The company reported 752,054,121 shares of Common Stock outstanding as of June 30, 2009.
- 6Honeywell is classified as a large accelerated filer, indicating its substantial size and compliance with SEC reporting requirements.