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HONEYWELL INTERNATIONAL INC [HON] reports annual net loss of $5.7 billion

HONEYWELL INTERNATIONAL INC [HON] reports annual net loss of $5.7 billion

Company Reports Revenue of $36.7 billion

By USInMinutes
Published - Mar 07, 2024, 04:42 AM ET
Last Updated - Mar 07, 2024, 04:42 AM EST

HONEYWELL INTERNATIONAL INC [HON] has reported a net loss of $5.7 billion for year ended Dec 31, 2023.

The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $36.7 billion

Based in CHARLOTTE, North Carolina, HONEYWELL INTERNATIONAL INC operates in the MANUFACTURING sector.

In the fiscal year ending December 31, 2023, Honeywell reported a net sales revenue of $36.7 billion, showing a slight increase compared to the previous year's $35.5 billion. The cost of products and services sold also increased to $23.0 billion in 2023 from $22.3 billion in 2022.

Research and development expenses were $1.5 billion in 2023, slightly lower than the $1.5 billion incurred in 2022. Selling, general, and administrative expenses amounted to $5.1 billion in 2023, compared to $5.2 billion in the previous year.

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