In addition to announcing its forthcoming split, Honeywell reported its 2024 financial results, which showed an increase in 4Q sales and organic growth.
Weather was a considerable headwind during January, but daily sales growth increased following a recent lowpoint in December. See our full breakdown of the monthly figures.
Full year net sales dipped slightly, driven by a decrease in organic sales and partially offset by acquisition-related sales.
The company said it expects EBITDA to expand in 2025 as it pursues a return to historical gross margin of about 35%.
As the Trump administration’s tariffs against key trading partners are sure to remain fluid, prominent industry associations and trade groups shared statements emphasizing concern over business impacts.
It’s the PMI’s first time above 50.0% since October 2022, signaling manufacturing momentum in early 2025.
The company continued to see organic growth that outpaced market averages, ending the year with strong margin gains.
The company reported two of its three segments showing an increase in revenue, while the departure of Optimum impacted its Pharmaceuticals segment.
Applied’s total sales declined year-over-year, but acquisitions drove most of the increase while foreign currency translation negatively impacted sales.
Identify and eliminate the “zombie” processes in your distribution business that waste time and drain resources, boosting efficiency and productivity.
Part 2 of this series covers how the metalworking and MRO supplies distributor’s Mission Critical initiative is bearing fruit by transforming the company into a more digitally capable and agile organization.
We analyze the results of our early January survey that polled 350 distributors and manufacturers about their expectations of how tariffs could impact both margins and demand. Along with data, it produced plenty of commentary.
