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Honeywell International (HON) Q3 FY2021 earnings: revenue $8.5 billion, up 8.7% on the year

Honeywell International Inc. (HON) reported revenue of $8.5 billion for Q3 FY2021, the quarter ended 30 September 2021, up 8.7% on the same quarter a year earlier. Net income was $1.3 billion, up 65.8% on the year, and diluted earnings per share $3.60. The figures are the company's own, from the 10-Q it filed with the SEC on 22 October 2021.

Revenue$8.5 billionup 8.7%
Net income$1.3 billionup 65.8%
Diluted EPS$3.60
QuarterQ3 FY2021ended 30 September 2021

The quarter, against the one before and a year earlier

LineQ3 FY2021Quarter beforeA year earlierChange on the year
Revenue8,473n/an/an/a
Cost of revenue5,746n/an/an/a
Gross profit2,727n/an/an/a
Gross margin32.2%n/an/a
Selling, general and administrative1,152n/an/an/a
Operating income1,793n/an/an/a
Operating margin21.2%n/an/a
Pre-tax income1,700n/an/an/a
Income tax427n/an/an/a
Effective tax rate25.1%n/an/a
Net income1,257n/an/an/a
Net margin14.8%n/an/a
Diluted EPS$3.60n/an/an/a
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

LineQ3 FY2021Quarter beforeA year earlierChange on the year
Operating cash flow1,119n/an/an/a
Capital expenditure208n/an/an/a
Free cash flow911n/an/an/a
Free cash flow margin10.8%n/an/a
Cash from investing-104n/an/an/a
Cash from financing-1,318n/an/an/a
Share-based compensation56.0n/an/an/a
Buybacks650n/an/an/a
Dividends paid646n/an/an/a
Dividend per share$1.86n/an/an/a
Diluted shares, weighted349mn/an/an/a
Shares outstanding at period end344mn/an/an/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

LineQ3 FY2021Quarter beforeA year earlierChange on the year
Shareholders' equity17,842n/an/an/a
Non-controlling interest272n/an/an/a
Debt21,249n/an/an/a
Operating lease liabilities824n/an/an/a
Finance lease liabilities103n/an/an/a
Other liabilities23,901n/an/an/a
Total liabilities and equity64,191n/an/an/a
Fixed assets5,514n/an/an/a
Goodwill16,963n/an/an/a
Intangible assets3,637n/an/an/a
Investments1,049n/an/an/a
Cash and equivalents11,087n/an/an/a
Receivables7,239n/an/an/a
Inventory4,967n/an/an/a
Other assets13,735n/an/an/a
Total assets64,191n/an/an/a

Questions

What was Honeywell International's revenue in Q3 FY2021?

Honeywell International (HON) reported revenue of $8.5 billion for Q3 FY2021, the quarter ended 30 September 2021, up 8.7% on the same quarter a year earlier.

How much did Honeywell International earn in Q3 FY2021?

Net income for Q3 FY2021 was $1.3 billion, up 65.8% on the year, and diluted earnings per share $3.60.

When did Honeywell International report Q3 FY2021 results?

Honeywell International filed its 10-Q for the quarter ended 30 September 2021 with the SEC on 22 October 2021.

Quarterly results, the last 20 quarters

Q3 FY2021Q4 FY2021 *Q1 FY2022 †Q2 FY2022 †Q3 FY2022 †Q4 FY2022 *Q1 FY2023Q2 FY2023 †Q3 FY2023 †Q4 FY2023 *Q1 FY2024 †Q2 FY2024 †Q3 FY2024 †Q4 FY2024Q1 FY2025 †Q2 FY2025 †Q3 FY2025 †Q4 FY2025Q1 FY2026Q2 FY2026
Revenue8,4738,6578,3768,9538,9519,1868,8649,1469,2129,4408,1578,5728,8199,1698,9259,3229,4379,7589,1439,719
Cost of revenue5,7465,9365,3245,6605,5946,1245,4985,6265,6706,2015,5835,8565,9796,4185,4635,6586,861n/a5,6046,066
Gross profit2,7272,7213,0523,2933,3573,0623,3663,5203,5423,2393,2223,3513,4193,3653,4623,6643,2333,4703,5393,653
Gross margin32%31%36%37%38%33%38%38%38%34%39%39%39%37%39%39%34%36%39%38%
R&Dn/an/a350386387355357375364360360382368426416459497n/a492524
SG&A1,1521,2031,4311,3061,2281,2491,3171,2621,2521,2961,3021,3611,3981,4051,3101,3621,296n/a1,3101,344
Operating income1,793n/a1,7661,8671,9522,4371,9472,1132,1702,5172,0942,1992,2962,1832,0022,1282,407n/a2,1292,240
Operating margin21%n/a21%21%22%27%22%23%24%27%26%26%26%24%22%23%26%n/a23%23%
Interest expensen/an/an/an/an/an/an/an/an/an/an/an/an/an/a285329n/an/a356363
Pre-tax income1,7001,7931,5051,7041,9811,1891,7821,9041,9671,5061,8711,9741,8241,5441,6651,6272,222n/a8867,264
Tax rate25%20%25%26%22%14%21%21%23%17%21%21%22%16%22%15%16%n/a10%22%
Net income1,2571,4281,1341,2611,5521,0191,3941,4871,5141,2631,4631,5441,4131,2851,4491,5701,825-1158215,682
Net margin15%16%14%14%17%11%16%16%16%13%18%18%16%14%16%17%19%-1%9%58%
Diluted EPS$3.60$4.10$3.28$3.68$4.56$3.02$4.14$4.44$4.54$3.82$4.46$4.72$4.32$3.92$4.44$4.90$5.72-$0.36$2.58$17.83
Operating cash flow1,1192,66336.07892,0832,366-7841,3601,8092,9554481,3711,9972,2815971,3193,2881,204-6501,276
Capital expenditure208281183158184241193233249364233259279393190303374n/a223315
Free cash flow9112,382-1476311,8992,125-9771,1271,5602,5912151,1121,7181,8884071,0162,914n/a-873961
Buybacks6508811,0181,4193901,3736994771,0111,5286715290.04551,9021,7021001001,0000.0
Dividends paid646676668691669691725691728711703743715741732747735762781795
Shares outstanding344m342m340m337m336m334m333m332m330m326m326m325m325m325m321m317m317m318m317m317m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 September 2021, filed 22 October 2021: the filing.