Honeywell International (NASDAQ: HON) delivered a solid quarter, but the company's guidance suggests investors might have to wait for growth. Shares of the industrial conglomerate traded down as much as 3% post-earnings, and were down slightly as of 1 p.m. ET on Thursday.

Honeywell, a manufacturer of industrial, aerospace, and automation products, earned $2.25 per share in the first quarter on revenue of $9.11 billion. That's ahead of Wall Street's expectations for $2.17 per share in earnings on sales of $9.03 billion.

Operating margin improved by 130 basis points year over year to 20.4% thanks to strength in commercial aviation, defense, and space. Honeywell's backlog of future business grew by 6% to $32 billion.

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Source Fool.com