What caused HON's Q3 earnings to miss forecasts?

Honeywell International Inc. (HON) experienced a notable decline of 8.2% year-over-year in EPS and a 27% drop in free cash flow, leading to concerns about its financial performance and operational challenges:

1. **Aerospace and Industrial Automation Challenges**: Honeywell's Aerospace Technologies segment faced softness in the warehouse and workflow solutions, sensing, and safety technologies businesses due to lower demand for projects. The warehouse automation business continued to struggle with lower investment and postponed projects. Additionally, the Energy and Sustainability Solutions segment experienced softness in gas processing equipment projects under the UOP business, which likely impacted its performance.
2. **Market Conditions and Supply Chain Issues**: The company faced a dynamic operating environment with persistent weakness in certain business segments. Supply chain issues and raw material shortages contributed to the challenges faced by Honeywell's warehouse and workflow solutions and sensing and safety technologies businesses.

In summary, Honeywell's Q3 earnings miss was primarily due to aerospace and industrial automation challenges, market conditions, and supply chain issues.

|code|Ticker|Name|Date|Net Income|market_code|
|---|---|---|---|---|---|
|HON|HON.O|Honeywell|2024 Q1|1.475E9|185|
|HON|HON.O|Honeywell|2024 Q2|1.56E9|185|
|HON|HON.O|Honeywell|2024 Q3|1.415E9|185|
|HON|HON.O|Honeywell|2024 Q4|1.29E9|185|