Honeywell Will Emerge Stronger From a Recession
Honeywell International (NASDAQ: HON) revealed an excellent set of second-quarter earnings that helped demonstrate its ability to come out of a potential recession in even more robust shape. The industrial conglomerate's mix of end markets, its excellent operational execution, and its investment in long-term growth initiatives make it well positioned to handle a slowdown, and long-term investors should consider it for their portfolio. Here's why.
CFO Greg Lewis put the point succinctly during the earnings call: "In fact, 65% of our sales address the commercial aviation, defense, energy, and non-residential end markets, which are all set up favorably to weather a potential recession." He has a point, backed up by the numbers in Honeywell's earnings and guidance.
The company reports four segments. Here's a look at how management's full-year guidance for organic revenue growth (in other words, factoring out any acquisitions) has changed through 2022, with any changes shown in bold.
Source Fool.com
