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Honeywell Contacts : Media Nina Krauss ( 704 ) 627-6035 nina.krauss@honeywell.com Investor Relations Reena Vaidya ( 704 ) 627-6200 reena.vaidya@honeywell.com HONEYWELL BEATS GUIDANCE AND DELIVERS OUTSTANDING SECOND - QUARTER RESULTS DRIVEN BY SALES AND PROFIT GROWTH ; RAISES MIDPOINT OF ADJUSTED EPS GUIDANCE BY 15 CENTS Sales Growth and Margin Expansion in All Four Segments ; Orders up Over 20 % Reported Sales up 18 % , Organic Sales up 15 % Operating Margin up 450 Basis Points to 18.1 % ; Segment Margin up 190 Basis Points to 20.4 % Earnings Per Share of $ 2.04 , Adjusted Earnings Per Share¹ of $ 2.02 , up 60 % Generated $ 1.3 Billion in Operating Cash Flow with Conversion of 89 % , $ 1.5 Billion of Free Cash Flow with Adjusted Conversion² of 103 % CHARLOTTE , N.C. , July 23 , 2021 -- Honeywell ( NASDAQ : HON ) today announced outstanding results for the second quarter that were driven by sales and segment margin growth in all four businesses . The company also raised its full - year sales , segment margin , adjusted earnings per share , and cash flow guidance . " Building on our first - quarter momentum , we executed extremely well in the second quarter . Our results were driven by top - line growth and margin expansion in all four segments . Organic sales grew 15 % , led by double digit growth in Performance Materials and Technologies , Honeywell Building Technologies , and Safety and Productivity Solutions , " said Darius Adamczyk , chairman and chief executive officer of Honeywell . " Our increased volumes , streamlined cost base , and relentless focus on execution enabled us to expand segment margin by 190 basis points to 20.4 % , exceeding the high end of our guidance by 10 basis points . As a result , we delivered adjusted earnings per share¹ of $ 2.02 , up 60 % year over year and above the high end of our second - quarter guidance range . Our cash performance in the second quarter was strong , as we generated $ 1.5 billion of free cash flow with adjusted conversion² of 103 % , all while repurchasing $ 1.0 billion in Honeywell shares . " Adamczyk continued , “ Our strong performance in the second quarter took place in a recovering but challenging global environment . We are especially pleased to see a turnaround in several of our key end markets that were hardest hit by the pandemic , with commercial aerospace aftermarket and the UOP business returning to growth in the quarter . We are well positioned to capitalize on improving conditions as they unfold around the world and to execute on near - term growth opportunities across our portfolio , including in the warehouse automation , productivity , building products , and advanced materials markets . " As a result of the company's second - quarter performance and management's outlook for the remainder of the year , Honeywell raised its full - year sales , adjusted earnings per share , and cash flow guidance and raised the midpoint of its segment margin guidance . Full - year sales are now expected to be in the range of $ 34.6 billion to $ 35.2 billion with organic sales growth in the range of 4 % to 6 % . Segment margin is expected to be in the range of - MORE -