Honeywell delivers strong results

Honeywell delivers strong results Honeywell has announced results for the fourth quarter and full year 2021 that met or exceeded the company’s guidance despite an extremely challenging operating environment. Honeywell reported a fourth-quarter year-over-year sales decline of 3%, down 2% on an organic basis, due to supply-related constraints, a tough comparison versus 2020 due to lower COVID mask volumes, and six fewer days in the quarter. Demand remained strong, with orders up high-single digits. Closing backlog was $28 billion, up 7% year over year. Fourth-quarter operating margin declined 130 basis points to 17.5% and segment margin expanded 30 basis points to 21.4% as a

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