good and everyone. X. I’d Darius, like to begin morning Slide Thanks on
very sales second building had we highlighted, strong our the we of again expansion the majority start quarter, delivered Organic Darius performance QX. across portfolio on As the and on margin in in growth commitments was good. the
grew with commercial and across aerospace the both to and space gas grew portfolio, oil encompass grew and technologies organically mention and after highlights organically transport strong X%. the quarter, and A - business both UOP, our aviation. X% air Building in solutions X% in demand and aftermarket grew defense which process XX% X% organically few first
our segment primarily in margin impact expansion. The strong of and of points of businesses, performance Garrett The materials was of points performance, spin-off and basis basis both contributed remaining operational lower-margin the and aerospace technologies. XX the result Resideo, XX
We of stranded impacts eliminating stages mitigation in well-executed manage spin-related the costs of the end. final to continue before tariffs year all efforts effectively are through and
strong performance will the May, and detail in specifically productivity our across did challenges the more margin in decline products more a we safety business, quarter. segment minute. as Notwithstanding solutions, of experience and productivity in portfolio, April drove and sales in in we again and I in messaged a which that this address most
earnings XXX - $X.XX improvement. share average in benefit with which growth quarter. program majority quarter, of a last share realized shares our weighted this profit through our resulted a $X.XX We repurchase came Consistent segment - the million count of from
was tax consistent the largely with we outlook of XX%. effective XX.X%, rate Our provided
that measures Importantly, support in investor we coming transformation, amount more proactive our functional payback repositioning at May. quarters. supply productivity focus, slower in of event to initiatives in continued of able also were our day fund These quarter, helpful $XX chain that discussed the substantial in million, the will than and the a we economy be will fast a
cash flow quarter cash generation of the with in adjusted aerospace was notable building conversion billion $X.X was technologies. XXX%. and in Finally, free most The strong
focused half. strong our with very pleased performance and We’re are in second on the the continuing results
quarter EPS to now Slide the bridge. discuss X turn briefly Let’s second to
second of X XXXX the Slide of share XXXX. quarter second earnings walks the quarter our to per from
acceleration volumes, segment a to and was focus sales productivity. PMT most and quarter. mentioned, the in growth main excellence, due higher Darius prominent our As driver on was profit commercial organic aerospace combination of for That continued the
plan share continued reduce this consistent of of least balance the the shares, to also deployed billion our Honeywell sheet during towards course to our We repurchase nearly our with utilize to lower count count. $X at share by year. We the X%
a pension net year basis expenses, benefits pipeline offset the future a had Finally, delivering took income Funding XXXX lever exchange. forward. as go restructuring here year that earlier us guidance will over by and headwind from as our continues shareholders was range. had result we productivity The for we to be our an punch at repositioning EPS of lower on well proactive $X.XX is end strong actions and we another high partially adjusted expense and the primarily to and our mentioned I high quarter, a interest quality derisking serve key foreign the from line playbook actions of we of below-the-line in due a
turn and let’s our discuss can Slide segment we performance. Now to X
with the well and orders XX% volumes navigation aerospace, F-XX marked and first the capped on an off led DoD for sales consecutive guidance by increased than through positioned. and is growth defense booked. organically. organic up This of Defense were firm including More programs, The well already F-XX. outstanding double-digit are Starting and global XXXX for with fourth business as systems delivery XXXX. XX% XX% U.S. quarter as half organically spares of demand grew space
from offset increased across shipments. driven by organically which In were air the timing platforms. the commercial jet transport avionics of [indiscernible] than certain deliveries Gulfstream strength sales X% strong stemming platforms saw we more business up and deliveries OE, on continued platforms across declines all Notably
Max Regarding not significant the do schedule Boeing in to to previously, anticipate to stated impact Boeing’s stated will the situation aligned as results closely, remain but we Honeywell’s monitor and situation, production continue we XXX XXXX. we operational a
and by business driven the retrofit, ADS-B were related transport growth including mandates. both modifications demand and Aftermarket upgrades, X% air aviation up sales safety and across organically to in
aerospace traction first in of drove continue our technologies growth sales our May, see We to connected across business. in continued defense all by in good for adoption win verticals, C-XX the as JetWave the demonstrated we gain aircraft solution which our software to strong and aerospace announced
points, margin continues excellence, cycle spin margin The segment total the heading in higher by execute driven third volumes, business The sales long technologies, the into from Aerospace approximately XX accretion productivity to expanded XXX margin transportation driving expansion. commercial basis and well, future investing excellence, spin has of systems. healthy quarter. and aero backlog contributed commercial points and a to aero’s basis
by commercial products. technologies, for were driven global X% In organically Honeywell demand building sales up fire
building growth integrating platform systems protocols. in the had We continue good in Tridium, we proprietary open As at launching we our faster displayed data growth our customers to and including as products rate past, see this which communication we result. at good across may and is using as acceptance platforms, and business strong are and his for you our and team Vimal software innovating for Kapur a management management than new investor remember much in conference saw May, a building from and
post homes impact the in of in in Middle the projects by growth from drove we and driven spin Americas favorable flat excluding to on the The margins favorable the quarter, our margins costs the on business business stranded the eliminate goal the half year Segment roughly global from another expanded the make make the quarter, Overall, quarter backlog vertical from XXX stemming spin. was progress the great spin. we basis solutions, second a well impact growth East. in remaining by the for HPT’s team from and building across airport segment chain building end second positioning continues of home improvement the it the XXXX. to for the spinoff In quarter optimization this HPT projects business. double-digit the progress in points with to continue steady supply the solutions accretion big first were
In devices. X% performance up were an by up sales and on in services, sales strength basis. technologies, X% were migration maintenance field and organic primarily and short instrumentation in continued organically cycle materials software, businesses, driven our Process solutions
continue the saw The growth over in North backlog confidence us process automation XX%, the America. giving portfolio of primarily cycle in across the up solutions also that is should smart second growth half. We energy into in short
in were backlog as America and XX% up by existing and saw driven refining refining strong UOP for quarter. particular infrastructure engineering, East. select catalysts. backlog and strength licensing both sales were UOP well reinvestment conversion over and as petrochemicals, X% North We in the with in Middle investments the in growth in new up organically orders
digits, China double on a and driven equipment, in growth licensing by primarily orders catalysts. basis in year-to-date Additionally, UOP were up
imports supply our F-gas offset however, Organic lower has an demand and EU the partially was by HFC impact and harmful in Europe. sales driven second challenge expanded Solstice warming lines producers, commercial with agents; productivity, this X% working further regulators, improvements Overall, illegal other points to refrigerants regulation of segment we’re our quarter, by blowing imports. all margins and of the of in partnership growth the EU material due of XXX EU pricing PMT basis materials diligently and monitoring to line global in driven by address advanced of emerging by excellence direct member illegal the Enforcement was across business, and in for low been in countries chain.
channel margins contracted this principally organic an solutions, the quarter combination destocking, our large the X$ as margin quarter on Finally, project continued first points. basis products saw in business. safety cycle, weakness the inventory lower XXX productivity rollouts were saw and mobility a to Similar we distributor basis down in sales of in quarter, we space, sell-through. productivity short was segment in high The fewer and
The we of parts experienced negative volume mix in were impacted the business. SPS second our quarter declines more the sales as profitable margins in
We and automation. see sensing aftermarket and in in IoT solutions robust to voice growth services and demand warehouse for continue our maintenance and business
during Darius last As earnings and growth. as following is XX%-plus face mentioned beginning Intelligrated quarter’s we approximately the five get comps release, tougher into tougher quarters deeper to of year
base the We customers’ with up planning in strong for quarter are we sales outs Intelligrated’s major in improve service. delivered a the into through system portfolio. business, outlook demand is for sales large flattish new aftermarket in from expect consultative The are not was double we and push business XXXX, overall business first of remains which the support installed in the This the timing of we growth over growth benefiting digits productivity, second this and consistent be growth Intelligrated enhances to cycle organically drove organic core second losses. to comprehensive our this effect very latest in the strong coupled engagements half project of and life push seeing The year. and of driven business with term. order large rollouts sales for customer long QX. The continue half of XX% saw by to Intelligrated tougher outcomes project indication an QX comps
organic demand key the up by industrial footwear, portable high business, business, single in growth retail end detection That offset safety and for sector, gas low safety digits demand the we X%. saw was personal continued given which decreased of the sales inventory single in distributor slower Within detection which products, organically, was for We the largely In general grew solid U.S. equipment. but our organically. in safety volumes gas protective and was levels. markets see digits activity
to Let’s now third Slide turn quarter X discuss and our outlook.
are planning quarter cycle. caution short the second assumptions dynamics some largely Our further on consistent with with
aerospace of businesses. over grown XX% a mentioned, in performance organically and be due technologies to shorter quarters in order expansion for backlog by the major as combination and I cycle We We’ve strength and process quarter solutions. expect an this for strong growth with continued cycle will defense past past and system service will rates established we in our and Intelligrated building short four growth and demand XXXX driven of expect allow defense. growth UOP of aerospace continued long the coupled backlog cycle year in more new a The business, healthy has and the drive that significant awards aftermarket our backlog or into
a macro the it’s second on to clouding the conservatively of - name few to the - our outlook. growth QX think uncertainties, the just trade are tensions, a prudent signals still guidance many and We plan We China economic taking view that. cautious given short and the and half GDP, reflect U.S.-China as Brexit, cycle are
Honeywell Taiwan the government weapons we no is As of it government China, why from Chinese no to sanctioned sanctioned the relates official Chinese Honeywell sanctions entities. the by a would that see sale and received of and be the government potential from by word potentially list U.S. have reason we to on
backlogs driven and In transport in and outlook. with delivery by incentives. we business should lower increase for and and aerospace, in into growth supported customer A-XXX defense, robust XXXX. segment both robust our A-XXX Air orders discuss international shipments sequentially for let’s aircraft Now demand by orders see aviation to U.S. continue demand and firm
We organic compliance aviation will the in mandates, by third expect the comparisons the tailwinds activity and business quarter in that of demand, we in growth principally quarter, given will tougher see Consistent aviation. safety and sales last be of significant XXXX. hours, from airline flight business with driven further adoption aftermarket commercial
Tridium. expect we growth good growth commercial building products in Americas in fire and management technologies, and and strength high with software for building primarily In regions EMEA in growth in
growth expect in considerable to side, the large funnel projects see growth building we given On the and and service backlog order services. solutions continue
the cycle flow, reminder, seen and second in in order As HBT short particularly are here a although exposure we does half. products haven’t planning cautiously have rates significant the we vertical,
and believe technologies, to quarter process up the saw third for and the products the in materials in expect good catalysts UOP. we growth and solutions for in performance we another In contracts catalysts equipment, in which demand and solutions in PMT short see in process quarter. for cycle renewals, services new good service and sets We equipment and second quarter bookings and and growth absorbents refining bank
Finally, inventory will are of expecting margin we sales to assumption in experienced given destocking XXXX, continued the headwinds the and from in that continues challenges perspective, see in moderate a our quarter. the balance fourth that productivity SPS segment the anticipate but we for products both and
in be project with We third in awards from and chip but backlog fourth growth. third awards robust customers potential project the quarter strong of aftermarket performance of a large and expect similar to QX XX%-plus pipeline maintain to blue the a business see growth slower quarters. Intelligrated’s very We
the is difference quarter. this and is driven tax, which The be difference indemnification higher net lower payments segment repositioning partially funding. before will below-the-line by year-on-year The benefits between by primarily minimal offset from income pension profit income, spin impact, the
discuss Now let’s full-year Slide to X our revised move to guidance.
sales, the earnings As our organic low and cash end full free per Darius are raising share, noted, of year guidance. e flow
guidance new point unchanged. to segment guidance end X% a margin our while X%, low the sales organic in one range to of Our is moves
$X.XX XX% free approximately in X% cash XXXX. on to earnings $X.XX impact from earnings remain to per growth to conversion. flow guidance We the excluding spins XXX% Our track deliver adjusted, of represents revised the share of
unchanged. is tariffs on position Our
expect impact significant taken have We mitigate. the to we given proactive in no measures XXXX
customers, also and We and the communicating Brexit our continue suppliers. situation closely are with monitor to regularly partners
for we’re of are needs. Brexit As quarter, potential Brexit well U.K.’s the a last continue scenario, we finalized, various our EU to from departure the no-deal positioned planning we stated the terms outcomes, ensure meeting customers’ that including as are to
Our weighted rate approximately million reflect continues average share shares an of to XX%. effective count guidance tax and a XXX of
million expenses greater net slightly to reposition approximately Our XXXX. expense below-the-line offset expected income. reflects higher now by partially charges $XXX This be are in interest
in confident in We our continue execute and ability to outlook. be to our
We’re short the uncertainties of in second half given caution sticking remain cycle the year. the to the macro that around playbook
With call that, to wrap I’d X. like it to turn who will over the Slide back up Darius, on
