CLAIM #30338 · Honeywell International Inc (HON) · 2023Q4 earnings call · Feb 1, 2024 · due Dec 31, 2024
“I think the EPS will follow along with that. I mean, the last two years, our EPS has been more back-end weighted in third and fourth quarter than our prior history. I think it's going to look fairly similar this year.”
Greg Lewis · CFO
In context
“question. Steve Tusa: Hi, good morning. Vimal Kapur: Hey, Steve. Greg Lewis: Good morning Steve. Steve Tusa: Can you just talk about the sequential progression in EPS as we move through the year off of the first quarter base here? Greg Lewis: You're talking about for the full year? Steve Tusa: Yes. I mean the first quarter is a little bit light as a percentage of the year, so just trying to understand how things build for the next three quarters to get to the midpoint of guide? Greg Lewis: Sure. I mean, if you look at the guide we're giving for Q1, it's actually not that different from 2023. So, as we progress through the year, we're going to expect to see the short cycle revenue inflection more likely between 2Q and 3Q than 1Q and 2Q in terms of the level of -- that acceleration. And so, I think the EPS will follow along with that. I mean, the last two years, our EPS has been more back-end weighted in third and fourth quarter than our prior history. I think it's going to look fairly similar this year. Steve Tusa: Okay, and then just one on the building's business. What are you guys seeing there, and what are you assuming for the products business in the next few quarters? There's obviously a lot of noise in the channel there, and also just from an end market demand perspective, maybe touch on regionally as well in the building business? Vimal Kapur: Yes, Steve. So we had a quarter 4 finish in which our buildings orders were grew across all segments, both in building products and in building solutions. So that puts us in a good setup for 2024. To your specific question, the setup we have allows us to see sequential progress in the short cycle as the year progresses, and the front end of the year will see more strength in our solution side of the business. Europe remains challenged, as i”
Verify independently
SEC filings for HON ↗ · Claim quote is verbatim from the 2023Q4 earnings call.