you, morning, and Thank good Vimal, everyone.
begin me Slide X. Let on
reminder, reporting results. in our structure, the we're now With the a let's segment results effect new which using As that, discuss quarter. the went first into
guidance enabled end backdrop, to us Despite of quarter, our delivered share We strong and guidance margin disciplined ranges. macro high first deliver execution our commitments. earnings a on and adjusted end segment per very exceeding the of the dynamic differentiated high our solutions Honeywell's sales meeting organic a and
XX% growth XXth Defense sales growth Aerospace our was This organic led consecutive were growth quarter aerospace up X% quarter year-over-year, organic in in Technologies. Space. double-digit by commercial in addition & in of First to the double-digit business growth
business margins high mix, expanded commercial and by year-over-year, segment profit from our to range. margins allowed by X% and us focus Segment the our to expand guidance grew of on driven XX.X%, basis Aerospace. points with end in excellence line Improved benefits XX in productivity, expansion
quarter per up adjusted first share year-over-year. earnings $X.XX, per X% X% was was Earnings And for the up year-over-year. share $X.XX,
our to a this found of have tax tax EPS bit full bridge from be changed. to guide, can 'XX our year While the XQ not expectations was 'XX presentation. adjusted in first quarter appendix lighter for A XQ relative
short-cycle record which to in $XX a and namely back discuss setup in new down XXXX gives by Automation and of our a billion. confidence half I'll Orders and Building key were few minutes. in IA aero, product year-on-year, $XX.X in productivity backlog BA. X% billion growth solutions X% This our led us in Industrial the supported businesses, quarter-over-quarter which quarter, This was of in outlook, growth fire in Automation, services including
of Free to year's billion XXXX, cash flow $X.X versus matters onetime of legal million, that last up legacy the was $XXX balance derisked sheet. of approximately settlement the quarter first absence our due
of to higher is cash impact free higher $XXX working was payables. partially these approximately tax, the due income Excluding million settlements, up of lower as offset by a net net capital flow
we as working see the tailwind buildup becoming unwind excess multiyear a quarters capital inventory. of we the coming in However,
strategy, on in million sheet work repurchases putting continue our robust capital deployment $XXX dividends, in high-return in million also our including $XXX share We million $XXX expenditures. execute to $X.X balance to and billion, capital through
in saw the February, long-term and both during from weighted issued markets including demand euro attractive billion to while in $X.X strong spreads, first X our X-year first-ever average bond dollar we extending advantage maturity, taking successfully our maturity the you bonds quarter, locking years. in As of XX and in
have in the built be the of Global to Proceeds attractiveness debt the maturities. used and of Solutions acquisition to primarily current address over time. will markets strength demonstrates that fund really capital Access business Honeywell we our Carrier This and
Now a on first let's quarter spend few the performance by minutes business.
in original organically Technologies, growth the & decade. in as quarter deliveries Increases which our by year continue Aviation Business third and strongest and of equipment, commercial air to General over Aerospace saw unlocks year-on-year, transport last up In increase. supply were were over both aviation led performances XX% sales among in matching XX% a as
quarter. of to growth transport increased trajectory. X.X commercial demand demand XX% supply activity significant support the an chain and in a growth approximately In improvements & had as from strong. saw robust global and benefits the remains as the also on sales aftermarket enabled We air grow strong quarter AT Space, focus global us Defense security national in of impact in book-to-bill in flight our
original sustained output leading and our business. offset and basis continues marking excellence year-on-year, within increase volume commercial growth. year-over-year, leverage, equipment the of driven output points cost sequential partially in improvement, expanded XXX pressures Aerospace in modest double-digit mix chain inflation Supply by to XX% Segment Xth a by quarter to consecutive show margin
XX% of For Industrial in in subdued. a quarter, automation in result primarily solutions warehouse lower remains as the organically investments warehouse and volumes workflow decreased sales as Automation,
and stable, sign to productivity that growth short-cycle a Our business we're the in second technologies with productivity services and year-over-year quarter, orders positive consecutive for growing our services solutions and that year-over-year sales return were business. sequentially a safety and solutions sensing and lower nearing in but
by offset actions margin Process Solutions in XXX commercial project quarter as Automation flat first timing. to leverage by and Industrial the by in was Segment our was points partially and contracted offset excellence. cost volume aftermarket basis XX.X%, business mega growth productivity driven revenue lower services inflation, in
down X% long-cycle Building the and Automation through of organically. short-cycle the sales building we products another We our challenges were while solutions business, building in area. strong had volume worked growth quarter
robust the quarter, and in orders double an building fire, projects grew highlighted Automation growth in services building driven Sequentially, Solutions overall building by Automation Building by in and business book-to-bill our lift of seasonal improvement performance projects, year-over-year in in airports. strength quarter, execution improved backlog. modest for first in were double-digit the up X% and with in energy and orders resulting of Building On a X.X. strong in digits a our led core by basis,
Solutions XXX and contracted actions double-digit in productivity softer points X%, due X% product headwinds flooring commercial inflation, Advanced excellence. and grew primarily to mix by organically to driven materials Sustainability growth in offset sales partially from Energy XX%, margins the cost quarter. first basis products. and by Segment volumes gained
double-digit demand a in In were refining in shipments petrochemical catalyst gas increase and both as processing X% expected year-over-year equipment projects. more UOP, challenging robust up sales year-over-year offset led comps than equipment to
basis year-over-year onetime a business of IoT favorable quarter, above Growth a mix in quarter partially Enterprise, basis our by X. differentiated XX.X% portfolio Connected on Forge actions. strong factory indicator by platform. sales our Segment XX the powerful first book-to-bill margin and ESS franchise in book-to-bill of quarter second another offset of software the consecutive was to was productivity points were by contracted across double-digit restart costs as our a supported powered AI growth Honeywell X.X
markets current all and for tailwinds industrials the us The the cyber, year-over-year in than end for ongoing long-cycle and offerings continues navigate more quarter. backlog Our environment. life Honeywell. connected HCE XX% ability the to in sciences our in our accretive to our not operating but growth grew give generate only by our strength customers, profitability and confidence in value of
compelling framework our our earnings Accelerator value come. in will to us execute which and enable for operating underpinned creation on system, to We quarters proven continue growth drive to by cash
talk to our solid. known year let's risks. X turn XQ original our rest and to to be on we full while about Slide Now our quarter guidance delivered commitments and guidance. maneuvering XXXX, as We And second continues of look through framework the
environment were reminded dynamic We geopolitical expect by we the to remain as recent events. again
half portfolio drive framework our within our and have will Overall, the a well organic back sales, our for Accelerator modest cycle continued long-cycle exposure earnings includes to quickly operating financial to long-term business. and setup as system cash record move This that However, that will recovery continue outlook in margin, us markets decisively, to backlog as short normalize. to progress megatrends enables our XXXX. strong growth attractive a our growth support we in and among as continue for
how Now XXXX discuss dynamics come let's together these for guidance. our
range Given $XX.X backdrop price. we growth organic XXXX, which for billion to of and billion, in to to laid in to with year represents the I between of greater X% sales the X% just a expect overall balance continue the total for sales volume be $XX.X out,
of second of for with capabilities, continues build second XXXX over coupled its first our recovery should rates improvement albeit We the end different in as short-cycle that a various supply expect modest improvement markets. Aerospace momentum of year, half to with half sequential the the in the grow
group $X.X to points X% this For the and XX X% improving to of Sustainability anticipate to margins mix, to reducing sales our Similar Automation supported actions, will Solutions. margin productivity $X.X our Industrial billion billion, year, Automation XX quarter, costs. Building anticipate by year, business raw we the the expansion, on range overall segment precision price/cost in We up discipline Energy in followed focus material including to second by organically. basis expand and margin last lead and
the For base, original few to driving profit build-out last sales robust volume the years Aerospace, from margins equipment growth. should our remain as installed comparable which year-over-year covers higher relatively is of leverage
the payments. XX.X% Zebra deleverage expect quarter, to flat of overall the segment of XX.X%, in IA For flat to XX the points we in sequentially, roughly margin year-over-year, second the down volume range but basis to due and expiration primarily licensing
full acquisition quarter, both by closing of for guidance our Importantly, at and the end Access Solutions time. does Global we'll XXXX accordingly not the business. planned third the consider second anticipate the Carrier's quarter update our year We the guidance and deal of of that the
spend on the by outlook business. let's few a minutes Now
deliveries should remains for particularly quarter, markets. across increase. Aerospace grow ahead Looking sequentially original demand very end second equipment encouraging the our Sales commercial shipset to in Technologies, as continue in
sequential expect the at rate a decrease we sales driving and margin, following However, these strong in margin to come first a result. lower quarter's year-over-year
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received payments be expect the business. we $XX X demand and settlement offset levels We warehouse solutions and past and services have in the for that remains productivity to growth our of near in Solutions million Process license trough automation quarterly years end by the
by year, services last move automation aftermarket Solutions benefiting easing solutions of warehouse Warehouse For performance, as on trough will year. year's will improve the also and from driven through quarter business. sequentially each spending, Process strong the build throughout the we grow full comps the while to workflow
safety and the destocking technologies as benefit year. of business the fade will sensing distributor Our effects throughout
orders services Lifecycle year-over-year year. growth we grew quarters and in Productivity the the Zebra to provide services ramp, rest sequentially continue and back of of additional solutions payments. a in and orders quarter, the in solutions from our throughout and confidence that consecutive strength the business the Two absence first expect impact excluding half of
continue in half we still expand, segment growth As as expect in a margin IA. volume the for of particularly these leverage. dynamics, to We see sales leads recovery short-cycle to result positive flattish XXXX to second
to the of Automation. in confident and outlook Moving remain business. We the execution overall Building
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both our As such, anticipate businesses benefit in portfolio, backlog. our services outpace we short-cycle from will projects as demand strong and to long-cycle
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volume is our For year, legacy strong quota stationary within products those due U.S. the well-telegraphed expected offset businesses reductions in the full to declines performance in to
will In solutions, growth. sustainable robust of technology strong another lead year to demand
the monitor to single should semiconductor year. a up continue year our of to a combination key productivity XQ actions. We from the Margins of expectation and flat bottom, fabs, for from throughout the digits to a line by short-cycle particularly low recovery, ongoing excellence driven component improve top achieving commercial unchanged
roughly net income be negative between $XXX million Pension between as key $XXX We Moving in to million full full the million metrics. be productivity. and negative quarter, and guidance $XX $XX for invest to $XXX impact million in to $XXX below-the-line flat the and million growth we will anticipate negative XXXX on second includes year $XXX between negative to million. other projects between approximately at to high-return guidance the future XXXX our support for $XXX million in spend in and $XXX quarter. the and continue This year repositioning second and million million and
adjusted tax to both the at X% second average the for as We anticipate full least quarter. execute around expect share share reduce effective be We the be through shares count per for we full opportunistic million XXX around the buybacks. year rate year, to commitment by and year to XX% count our
year maintaining $X.XX X% all range adjusted inputs, As to $X.XX our and anticipate $X.XX, per $XX.XX, a between second quarter we year-over-year. provided XX% earnings result per We of earnings year-over-year. these to to of X% share up share X% are up full previously
with balance the excluding in We after-tax of settlement our last line from free flow derisking impact to grow cash earnings, year's sheet. expect onetime also
to our yielding planning early We of materials where benefits, management working progressing indicator the unwind capability Accelerator. digitalization capital, are another and demand and power through on production the our optimize multiyear of of some operational efforts improve are
to will fund In projects high-return differentiated uniquely innovative, creating focused addition, on continue we technologies.
expectations to free X% result, cash $X the the of $X.X billion XX%, year, for excluding a our impact remain year billion settlements. As to flow up prior
with as we we further sheet recently we're the build accretive balance will portfolio. and active Our announced transactions, our generation deployment. while And pipeline will optimize on robust M&A support continue capital our happy strong to cash
alignment a automation second and in quarter first XXXX, to and a strong So aerospace, delivering quarter summary, and megatrends. the benefiting compelling energy executed anticipate from we our strong transition
and operating record our track Our us give rigorous backlog confidence principles in of record execution.
So Slide back me now Vimal on turn X. to it let
