Honeywell International Inc. (NASDAQ:HON) Q2 2024 Earnings Conference Call July 25, 2024 8:30 AM ET

Company Participants

Sean Meakim - Vice President-Investor Relations
Vimal Kapur - Chairman & Chief Executive Officer
Greg Lewis - Senior Vice President & Chief Financial Officer

Conference Call Participants

Stephen Tusa - JPMorgan
Julian Mitchell - Barclays
Nigel Coe - Wolfe Research
Scott Davis - Melius Research
Andrew Obin - Bank of America
Deane Dray - RBC Capital Markets
Sheila Kahyaoglu - Jefferies
Andy Kaplowitz - Citigroup
Joe Ritchie - Goldman Sachs

Operator

Thank you for standing by and welcome to the Honeywell Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation there will be a question-and-answer session. Please be advised that today's call is being recorded.

I would now like to hand the call over to Sean Meakim, Vice President of Investor Relations. Please go ahead, sir.

Sean Meakim

Thank you. Good morning and welcome to Honeywell's second quarter 2024 earnings conference call. On the call with me today are Chairman and Chief Executive Officer, Vimal Kapur; and Senior Vice President and Chief Financial Officer, Greg Lewis.

This webcast and the presentation materials, including non-GAAP reconciliations are available on our Investor Relations website. From time-to-time we post new information that may be of interest or material to our investors on this website. Our discussion today includes forward-looking statements that are based on our best view of the world and of our business as we see them today and are subject to risks and uncertainties including the ones described in our SEC filings.

This morning, we will review our financial results for the second quarter share our guidance for the third quarter and provide an update on full year 2024. As always, we'll leave time for your questions at the end.

With that I'll turn the call over to Chairman and CEO, Vimal Kapur.

Vimal Kapur

Thank you, Sean, and good morning, everyone. Second quarter was another strong one for Honeywell. We exceeded the high end of our adjusted earnings per share guidance and achieved the high end of our organic sales guidance ranges. While aerospace continues to lead our growth, we are seeing broader participation across our portfolio.

Three of our four strategic business groups contributed positive growth for the quarter, and we saw sequential improvement in growth rate from all four. Order rates were healthy across Honeywell, supporting our expectation of further organic growth acceleration into back half of the year. We are adding attractive new assets to our already compelling technology portfolio, which will enable us to create further value for our customers and shareholders alike.