Honeywell Q3 2023 Earnings Release: Record Backlog and Margin Expansion

Honeywell International reported third-quarter 2023 results with adjusted earnings per share of $2.27 and organic sales growth of 2%, driven by double-digit gains in commercial aviation and defense segments. The company achieved record backlog of $31.4 billion with orders up 10% year-over-year and segment margin expansion of 80 basis points. Capital deployment totaled $2.0 billion across share repurchases, dividends, capital expenditures, and M&A activities.