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Honeywell raises FY23 adjusted EPS view to $9.55-$9.80 from $9.35-$9.75

Consensus $9.05. Raises FY23 revenue view to $36.5B-$37.3B from $36B-$37B, consensus $36.75B. Sees FY23 free cash flow $3.9B-$4.3B. Adamczyk continued, "As we look to the rest of 2023, we are well positioned to continue outperforming despite an uncertain macroeconomic environment. Our businesses are poised for sustained growth, our backlog will support our projections, and our technologically differentiated portfolio of solutions is allowing us to address the world’s toughest automation, digitalization, and sustainability challenges. This setup is enabling us to raise our full-year 2023 guidance, and I am confident that Honeywell will continue to outperform under Vimal Kapur’s leadership. I am grateful for the opportunity I have had to lead Honeywell, and I know our future is bright."

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