Honeywell reported strong first and second-quarter 2023 results, surpassing guidance on all metrics. In the first quarter, sales reached $8.9 billion, with reported sales up 6% and organic sales up 8%. Operating margin increased by 390 basis points to 19.1%, and segment margin rose by 90 basis points to 22.0%. Earnings per share and adjusted earnings per share were $2.07, exceeding guidance by 11 cents. The company also achieved a record backlog of $30.3 billion, up 6% year over year. In the second quarter, sales reached $9.1 billion, with reported sales up 2% and organic sales up 3%. Operating cash flow increased by 72%, and free cash flow rose by 34%. Aerospace reported sales saw significant growth, with reported sales up 15% and organic sales up 16%. The company’s operating margin increased by 270 basis points to 20.6%, and segment margin rose by 150 basis points to 22.4%. Honeywell also announced several strategic acquisitions in line with its portfolio shaping priorities. As a result of their strong performance, Honeywell raised the midpoint of its full-year adjusted EPS guidance and reaffirmed its full-year cash flow guidance.