Thread regarding Honeywell International Inc. layoffs

Cash flow and sales expose honeywell propaganda

The numbers are from Yahoo Finance.
2023 numbers are given by Honeywell's senior management during Q1/23 analyst's call, you can find the transcript here:
https://finance.yahoo.com/news/q1-2023-honeywell-international-inc-035005244.html

Firstly, sales. DA and his cohorts have been touting high "organic" growth; but in fact, the company's forecasted 2023 sales only just caught up to the 2019 amount. Where is the growth?

12/30/2022 12/30/2021 12/30/2020 12/30/2019
35,466,000 34,392,000 32,637,000 36,709,000

From Q1/23 call: "We now expect full year sales of $36.5 billion to $37.3 billion"

Secondly, Free Cash Flow. FCF has been declining year after year, and this is after all the pricing raises, delaying payments, and cost cutting. It’s been several years that cash flows cannot sustain dividends and buybacks, they are borrowing from the future to get a temporary higher share price to cash out their options and grants.
12/30/2022 12/30/2021 12/30/2020 12/30/2019
4,508,000 5,143,000 5,302,000 6,058,000

From Q1/23 call: "We still expect to meet our original free cash flow guidance of $3.9 billion to $4.3 billion in 2023 or $5.1 billion to $5.5 billion, excluding the net impact of settlements."

Clearly, honeywell's strategy under DA and his cohorts are detrimental to shareholders, employees and customers. The buybacks are only schemes to enrich these treasonous parasites, aka management.

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Post ID: @OP+1mm0ec5G

6 replies (most recent on top)

Great to see this realized and openly discussed! I dumped all my Honeywell stock recently, they may engineer it to rise a little in the near term but then it is going to plummet hard, very hard.

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Post ID: @4jfd+1mm0ec5G

Absolutely! Metrics since DA took the helm are not pretty. Yet he touted tremendous progress, when in actuality long-term debt is up, shareholders equity has fallen, operating cash flow has fallen, reinvestment in the business (capex) has dropped, and on and on.......

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Post ID: @4djf+1mm0ec5G

Free cash flow is secondary to Revenue and Cost aka earnings so present policies will not change. You are a Cost that management rarely connects to more sales.

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Post ID: @pkb+1mm0ec5G

What kind of storm?

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Post ID: @den+1mm0ec5G

There's a storm brewing.

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Post ID: @pum+1mm0ec5G

The market is too d-mb to understand or that DA’s fake data is better than Culp’s or Hayes’ fake data.

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Post ID: @yvi+1mm0ec5G

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