Second-quarter results soared!

On July 26, Honeywell reported strong second-quarter results, aided by higher sales and segment margins across all four businesses
.
The company also raised full-year sales, segment margins, adjusted EPS and cash flow guidance
.

"We had a very strong second quarter, building on momentum from the first quarter
.
Our results were driven by top-line growth and margin expansion across all four segments
.
In Performance Materials & Technology, Honeywell Construction Organic sales increased 15%, led by double-digit growth in technology and safety and productivity solutions," said Honeywell Chairman and CEO Darius Adamczyk
.

"Our increased volume, lean cost base, and relentless focus on execution allowed us to improve segment margin by 190 basis points to 20.
4%, 10 basis points above the high end of our guidance
.
As a result, we achieved $2.
02 Adjusted EPS of 1, up 60% year over year and above the high end of our second quarter guidance range
.
Our cash performance was strong in the second quarter, we generated free cash flow of $1.
5 billion, adjusted conversion 103%, while repurchasing $1 billion of Honeywell stock
.
"

Adamczyk continued: "Our strong performance in the second quarter came amid a recovering but challenging global environment
.
We are particularly pleased to see an upturn in several key end markets hardest hit by the pandemic, with commercial The Aerospace Aftermarket and UOP businesses returned to growth during the quarter
.
We are well positioned to capitalize on improving conditions around the world and capture near-term growth opportunities across our portfolio, including the warehouse automation, productivity, construction products and advanced materials markets
.
"

Honeywell raised its full-year sales, adjusted EPS and cash flow guidance and raised its segment profit margin guidance to the mid-point of the company's second-quarter results and management's outlook for the rest of the year.
point
.
Full-year sales are now expected to be between $34.
6 billion and $35.
2 billion, with organic sales growth of between 4% and 6%
.
Segment profit margin is expected to be in the range of 20.
8% - 21.
1%
.
Adjusted EPS3 is expected to be $7.
95 to $8.
10, 10 cents above the high end of the previous guidance range
.
Operating cash flow is now expected to be between $5.
9 billion and $6.
2 billion, and free cash flow is now expected to be between $5.
3 billion and $5.
6 billion
.