Honeywell International (HON) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter increased compared to the immediately preceding quarter but decreased compared to the same quarter one year earlier. The sequential rise partially reversed a sharp decline in the prior period, while the year-over-year drop indicates a contraction from the prior year's level.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter increased compared to the immediately preceding quarter but decreased compared to the same quarter one year earlier. The sequential rise partially reversed a sharp decline in the prior period, while the year-over-year drop indicates a contraction from the prior year's level.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$8.2B
Revenue reported for this quarter.
Quarter-over-quarter
+41.0%
Change from the immediately preceding quarter.
Year-over-year
-8.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$32.3B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2023 | $9.1B | +2.2% |
| Sep 30, 2023 | $9.2B | +2.9% |
| Dec 31, 2023 | $5.8B | -37.0% |
| Mar 31, 2024 | $8.2B | -8.0% |
Revenue performance
The reported revenue direction was upward on a sequential basis, reflecting a recovery from the preceding quarter's lower figure. However, on a year-over-year basis, revenue was down, marking a decline from the same period in the prior year.
Quarterly comparison
Compared with the immediately preceding quarter, revenue rose significantly, reversing most of the sharp drop seen in that quarter. Versus the same quarter one year earlier, revenue fell, indicating a weaker performance than the prior year's comparable period.
What to watch
The year-over-year decline in revenue, despite the sequential recovery, warrants attention to whether the prior quarter's drop was a temporary anomaly or part of a broader trend.