Honeywell (HON) released their Q2 results on July 21, announcing earnings per share of $1.80. The company also updated guidance for the rest of the year, calling for earnings per share of $7.00 to $7.10. The forecast also called for increased margins across all four business segments. The quarter represented a strong start to new CEO Darius Adamczyk's tenure. Honeywell achieved a total shareholder return of 579% during the 15-year tenure of the previous CEO, David Cote. With new leadership in place, now is a good time to take a closer look at Honeywell's future.
Business Status
Honeywell is a diversified business that generated $39.3 billion in sales in 2016. Although Honeywell is primarily a manufacturing company, they have increasingly turned to software to fuel growth; the company now employs over 11,000 software engineers. Honeywell is organized into four operating segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions.
