Summary
Honeywell International Inc. reported a net sales increase of 8% to $9.82 billion for the first quarter of 2025 compared to the prior year period. This growth was primarily driven by higher sales volumes, pricing adjustments to offset inflation, and contributions from recent acquisitions, partially offset by unfavorable foreign currency translation. Net income attributable to Honeywell was $1.45 billion, resulting in earnings per diluted share of $2.22, a slight decrease from the prior year's $2.23, impacted by higher divestiture-related costs, interest expenses, and amortization of acquisition-related intangibles. The company continues to execute a strategic portfolio transformation, including announced plans to separate its Automation and Aerospace Technologies businesses, and the spin-off of its Advanced Materials business. These strategic moves aim to create more focused, independent companies. Significant acquisitions in the prior year, such as Access Solutions and LNG, are beginning to contribute to revenue growth. The company also announced its intention to acquire Sundyne in the second quarter of 2025. Looking ahead, Honeywell faces a dynamic macroeconomic environment with increased economic and trade policy uncertainty, geopolitical risks, and inflationary pressures. The company is proactively managing these challenges through pricing actions, hedging, supplier collaboration, and new supplier development to mitigate supply chain vulnerabilities and maintain product quality. Despite these headwinds, Honeywell's backlog of orders increased by 13% year-over-year to $36.1 billion, indicating continued demand for its products and services.
Financial Highlights
55 data points| Revenue | $8.93B |
| Cost of Revenue | $5.46B |
| Gross Profit | $3.46B |
| R&D Expenses | $416.00M |
| SG&A Expenses | $1.31B |
| Operating Income | $2.00B |
| Net Income | $1.45B |
| EPS (Basic) | $2.24 |
| EPS (Diluted) | $2.22 |
| Shares Outstanding (Basic) | 648.20M |
| Shares Outstanding (Diluted) | 651.70M |
Key Highlights
- 1Net sales increased by 8% to $9.82 billion in Q1 2025, driven by volume, price, and acquisitions, despite a 1% negative impact from foreign currency translation.
- 2Net income attributable to Honeywell was $1.45 billion, with diluted EPS of $2.22, a slight decrease from $2.23 in the prior year, mainly due to higher divestiture and interest costs.
- 3The company is undergoing significant strategic portfolio transformations, including planned separations of Automation and Aerospace Technologies businesses and the spin-off of Advanced Materials.
- 4Acquisitions, including Access Solutions and LNG from prior periods, are contributing to revenue growth, with a pending acquisition of Sundyne announced for Q2 2025.
- 5Backlog of orders increased by 13% year-over-year to $36.1 billion, indicating strong future demand.
- 6The Aerospace Technologies segment showed robust growth with a 14% increase in net sales, driven by commercial aviation aftermarket and defense and space.
- 7The company is actively managing macroeconomic uncertainties, including inflation and geopolitical risks, through various mitigation strategies.