Engineering firm Honeywell Worldwide Inc. (NASDAQ: HON) Thursday reported a rise in adjusted earnings and gross sales for the third quarter of 2024.
At $9.7 billion, whole gross sales had been up 6% year-over-year within the September quarter. Gross sales on the core Aerospace Applied sciences section grew 12%, driving the top-line progress.
On an adjusted foundation, third-quarter earnings elevated 8% yearly to $2.58 per share. In the meantime, unadjusted revenue decreased to $1.41 billion or $2.16 per share in Q3 from $1.51 billion or $2.27 per share in the identical interval of 2023.
Vimal Kapur, CEO of Honeywell, mentioned, “Honeywell executed through a challenging environment in the third quarter, delivering segment margin and adjusted earnings per share above the high end of our guidance.”