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Honeywell (NYSE: HON) upgrades FY24 revenue guidance to USD 38.6-38.6bn, expects 3-4% organic growth
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Highlights
Honeywell International Inc. (NYSE: HON) is an advanced technology company with a market cap of USD 146.46bn.
In the third quarter of FY24, the company saw a 5.60% increase in net sales, reaching USD 9.73 billion, driven by higher sales in both its product and services segments. However, net profit decreased by 6.67% to USD 1.41 billion, mainly due to rising costs of revenue and higher operating expenses.
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