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Honeywell Contacts : • • • • Media Nina Krauss ( 704 ) 627-6035 nina.krauss@honeywell.com Investor Relations Mark Bendza ( 704 ) 627-6200 mark.bendza@honeywell.com HONEYWELL OVERDELIVERS ON ALL GUIDED METRICS IN THE FIRST QUARTER ; RAISES FULL - YEAR SALES AND ADJUSTED EPS GUIDANCE Delivered Double - Digit Sales Growth in Safety and Productivity Solutions ; Returned to Sales Growth in Honeywell Building Technologies Expanded Segment Margin in Aerospace , Honeywell Building Technologies , and Safety and Productivity Solutions Delivered Earnings Per Share of $ 2.03 , Adjusted EPS1 of $ 1.92 , Exceeding High End of Guidance Range by 9 Cents Deployed $ 3.0 Billion in Capital to Acquisitions , Share Repurchases , Dividends , and Capital Expenditures CHARLOTTE , N.C. , April 23 , 2021 -- Honeywell ( NYSE : HON ) today announced results for the first quarter that exceeded the company's guidance . The company also raised its full - year sales guidance and raised the midpoint of its adjusted earnings per share and cash flow guidance . " Honeywell delivered a strong start to 2021 with first - quarter results that exceeded our expectations . We are seeing promising signs of a rapid recovery in some of our markets , and we are poised to capitalize on new business opportunities as they arise , " said Darius Adamczyk , chairman and chief executive officer of Honeywell . " We reported first - quarter sales of $ 8.5 billion , flat year over year , or a decline of 2 % on an organic basis . Our first - quarter sales exceeded the high end of our guidance range by approximately $ 250 million driven by continued double - digit growth in our Warehouse and Workflow Solutions and personal protective equipment businesses as well as demand for our building products and services , advanced materials , and connected software . Operating margin contracted 220 basis points for the quarter to 17.8 % , with segment margin contracting 80 basis points to 21.0 % , which exceeded the high end of our guidance by 10 basis points . We delivered segment margin expansion in Aerospace , Honeywell Building Technologies , and Safety and Productivity Solutions for the second consecutive quarter , supported by our streamlined cost base following the cost actions we took in 2020. We delivered earnings per share of $ 2.03 , with adjusted earnings per share¹ of $ 1.92 , down 13 % year over year but 9 cents above the high end of the previously provided guidance range . We continued to take advantage of our strong balance sheet , and deployed capital to high - return opportunities in the quarter , including closing our acquisition of quality management software leader Sparta Systems and announcing the acquisition of a majority stake in Fiplex , a leading provider of in - building communications systems . In addition , we repurchased $ 0.8 billion in Honeywell shares and made five strategic investments through Honeywell Ventures . " Adamczyk continued , “ As we look to the rest of 2021 and beyond , we are well positioned for the recovery to come . Our new offerings in growing markets like life sciences are gaining traction and the industries that were hardest hit by the pandemic are expected to improve throughout the year . We have a robust portfolio of - MORE -