Honeywell
HONEYWELL ANNOUNCES FOURTH QUARTER
AND FULL YEAR 2023 RESULTS; ISSUES 2024 GUIDANCE
- Fourth Quarter Earnings Per Share of $1.91 and Adjusted Earnings Per Share1
of $2.60, Above Midpoint of
Previous Guidance - Fourth Quarter Sales of $9.4 Billion, Reported Sales Up 3%, Organic1
Sales Up 2% - Full Year Operating Cash Flow of $5.3 Billion and Free Cash Flow1
of $4.3B, at High End of Previous Guidance - Deployed $8.3 Billion of Capital to Share Repurchases, Dividends, Capital Expenditures, and M&A in 2023
- Expect 2024 Adjusted Earnings Per Share2,3 of $9.80 – $10.10, Up 7% – 10%
- Vimal Kapur to Become Chairman of the Board; New Independent Lead Director Announced
ASX200 Trade Table: GUD
ASX200 Trade Table: BWP
ASX200 Trade Table: RMS
ASX200 Trade Table: BHP
IGO Earnings
IGO reported an operationally in-line quarter, with 1H FY24 underlying EBITDA of A$515mn below expectations with higher lithium earnings offset by nickel & corporate/exploration expenses.
IGO needs to hold the higher low formation at $7.03. Otherwise, a stop loss should be applied.
BHP
BHP Group remains an open position in the ASX200 Trade Table.
Mega-cap US tech
Mega-cap US tech stocks Microsoft, Alphabet, Amazon, and Meta will all report this week. Microsoft will be the most important earnings report and conference call as the launch of Copilot success and early adoption of AI is likely see earnings exceed the Street’s top-line revenue of $US61 billion and EPS of $US2.77.
Microsoft
Alphabet
Meta
Soul Pattinson
Washington H Soul Pattinson & Company continues to rally, following the bullish setup at $32.50.
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