Thank everyone. you, good morning, Vimal, and
Let X. on me Slide begin
measure performance performance how second profit investors per it the expense As and period, of more segment compare measure acquisition-related believe to this a from adjusted the provides assets costs, and evaluate our earnings we We change acquisition-related related began the easier share. excluding of to impact for tax reminder, peers. internally amortization to quarter, effects certain performance a aligns with period our we starting and the meaningful to intangible makes including in
second our of approximately impact the addition, Building Automation of that, X month acquisition With Solutions. quarter let's results results. Access In from incorporate our discuss
dynamic high share guidance. meeting high We environment, sales delivered the midpoint a in the our macro earnings and our of our exceeding adjusted organic quarter range, segment margin of strong per end of another end landing above guidance the
defense X% double-digit by building quarter another Second double-digit year-over-year, aerospace Technologies growth Aerospace quarter growth commercial addition solutions both organic our sales space driven business. in were up in in supported growth XX% organic of to in and by
past XX XX points the mix second grew And grew half. acceleration further X X% by offset X% the and volumes profit Energy in was businesses. for Solutions basis the XX% time in pressures expect in in margin second segment our Honeywell by we contracted and expansion by Sustainability as Segment quarters, other year-over-year. to volume
up $X.XX, XQ per bridge X% And adjusted share second per EPS XQ of can this A $X.XX, 'XX adjusted quarter the Earnings for 'XX up profit by to was primarily appendix X% found year-over-year. the for from driven share was earnings year-over-year segment be in growth. presentation.
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and cash levels versus of of inventory 'XX income taxes. net roughly billion, from cash was improved approximately offset as by quarter second $X.X higher capital the working Free timing the reduced flow higher were year-over-year flat
meaningful to coming a we buildup more unwind inventory. the as expect of capital multiyear working the continue in becoming We quarters tailwind
materials to Accelerator able gives planning in are curve. bend our and of capabilities, This we effectively utilizing businesses starting confidence we digitalization to each our month which all optimizing by the management, our quarter, reduce production that systematically days improving me were supply demand
progress including repurchases closing discussed on closing our LNG and Products' allocating Air this Vimal combined significant $X.X When we with billion record Solutions. we this later and capital share of are expenditures, on XXXX. of $X our $XX anticipated a dividends, track Access capital businesses the to M&A, year, CAES deploy As quarter, to billion made capital deployment billion earlier, strategy acquisition in of
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and and first when Our of orders productivity and improved million forward. year-over-year the business year-over-year $XX the saw settlement payments both solutions sequential impact modestly the Safety excluding license ended a growth services, positive Sensing sales, indicator and Technologies but in going quarter. that quarterly in declined In sales
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points leverage payments contracted of end margin and and agreement XX basis segment productivity license the Automation settlement under volume and to services. to in XX% lower Industrial solutions the due
of impact second that expanded the in margins quarter. Excluding the agreement,
excellent long-cycle Building were way continue lower our in up organically solutions the led building to of our X% another to business Moving quarter volumes through work Sales while building as products we Automation. and performance portfolio.
management including X in business, in in from health Sales and as data building grew Solutions and result digits of products. Solutions projects grew highlighted within strength in month systems a Access solutions by centers, our of the care quarter benefit execution growth fire in XX% acquisition progress building of further sequentially, the double with strong and XX% energy.
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products. year-over-year in second In Energy difficult sales projects in in increased aftermarket and refining catalysts more organically UOP previously and Advanced continued noted offset year-over-year X% than flooring processing X% equipment strength materials Solutions, solid gas in growth declined services. comps sales Sustainability due as grew the to quarter. X%
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to our proven and our the current confidence ability backlog, execute creation underpinned environment. value system. from ongoing our our Accelerator the continue This, cycle end on combined benefits in of strength to framework by us give long with We navigate our markets operating
year Slide to Now and let's about quarter full third outlook. talk turn X and our
with commitments certain technologies. in our and discipline and continued advanced materials, us operational enabled products modest particularly and businesses, our strength sensing within growth and building long-cycle commercial to Our short-cycle deliver safety growth of on sequential organic have
we are and encouraged the backdrop varying dynamic back our macroeconomic performance of our will year-to-date by levels and improvement by backlog, across portfolio. robust influenced remain our While the half channel
recent these are dynamics increasing and acquisition Given we our line announcements, top XXXX expectations. our
in be CAES Air of guidance. from third we from includes growth includes $XX.X to in previously, increasing range $XX.X businesses, sales to X% X% organic prior to LNG billion sales and for the midpoint billion, the quarter. of the sales the up X% also The of forecast Products' which to year, overall to forecast the close acquisition which expect our X% We
on UOP the to Honeywell to will other $XXX add exposures. modest quarters market and sales continued million by of will in fourth Collectively, end which progress aerospace XXXX. uplift in growth chain, supply long-cycle Sequential to approximately from most third and depending expected businesses be in short-cycle the improvement, the portfolio are in driven vary across areas addition acquisitions seasonal the of
$XXX of the revenue. For the acquisition-related billion of in the range billion, third $XX million quarter, with up benefit $X.X we to roughly organically anticipate X% sales to X% in
to segment margin. Moving
range, As growth long-cycle businesses raise in supporting less mix to outpaces expect see term. within our the of our to we the line some SBGs top in short short-cycle the recovery, a bit favorable our
and However, demand projects for tail original on long-term long executing revenue from up robust sets expanding aftermarket base. perspective, a for a of streams by our equipment businesses high-margin our installed vast
productivity year-over-year. our margin dollars be in focus flat overall as recently still to and material in of acquisitions, XX XXXX grow of will price we XX.X% points significantly When X% raw between discipline range on incorporating Overall by supported down the X% now announced margins impact XX.X%, including anticipate our to segment will be and to segment the reducing cost profit to actions, costs. basis continue
result Automation modest Sustainability perspective, as lead Industrial segment will in Automation the group as contraction for Energy a expansion, and From and acquisition. Solutions followed by margin the as CAES Building well a aerospace of
points with year year-over-year the first Solutions. we segment basis to aero XX close quarters down XX.X%, this the CAES to anticipate normal the Sustainability in of Energy XX.X% in due quarter, variability seasonality within and and and of quarterly in anticipated mix, the X third For overall to range XX of margin line
a Now business. minutes few let's on outlook our spend by
Looking Technologies, the orders expect first second in to carry ahead robust Aerospace support we will from for output over half half growth. factory as into and momentum increases the
air low our year challenges point and chain growth in build sequential strength we see volume the original quarters, and to the We rate through for as related as supply year-over-year fourth commercial drives of equipment, the quarter transport growth third be anticipate strong second In the progression. particularly abate.
more in growth difficult. come we slightly half down aftermarket, back comps sales momentum, continued as will In the though rates commercial get anticipate
Space, order and our our global robust fourth coupled book third increased and For support geopolitical supply chain, Defense and will backdrop, provide in the in with for investments growth the quarters. sequential
Honeywell aerospace these the of we half, to double dynamics still for Defense As organic Space We the strong to a a and in expect growth low now range. year. lead first with sales result double-digit be growth in XXXX digits in forecast
by For lower-margin leverage. comparable remain partially from to as volume offset products and segment XXXX sales are margin, dynamics XXXX the higher
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in businesses, return benefiting Automation, long-cycle IA showing Industrial improvement the growth our sequential in to a we're solid while progress. In modest from year-over-year expect of short-cycle orders most sequential businesses we In third in are back momentum the of half. signs our varying quarter, and
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productivity outlook grown us for double sequentially will from our solutions digits straight confidence grow X second quarters and into In in half here. services, the giving for and sales Orders PSS, in have XXXX.
technologies will improve the trough distributor and automation will in solutions end warehouse Warehouse the from through spending we grow the benefit workflow year fading Sensing in and and billion sequentially move safety effects sequentially as destocking. $X we of as sales. around should
result through flattish dynamics, organic productivity half and benefit a as volume seasonality we in these the from actions second growth long-cycle expect and expand XXXX. sales Margins we progress. of short-cycle further in As leverage will implement
products, fourth the third building the Moving we trends. sales quarter, In expect favorable improve we Building anticipate XQ's product outpace to third by supported sequentially building solutions and modestly Automation. sales. quarters, to on to the In in order
on normalization the dependent of ongoing remains inventories. magnitude the channel However,
for growth support in XXXX. back forecast additional been in orders into projects a has both the providing we year. standout, services XX% revenue and growth and the the double-digit grew Projects and over In half solutions, second for quarter,
our products. Solutions acquisition been reminder, now As incorporated guidance the building into has a within Access
digits. to we sales single continue growth of year, organic the low expect For
anticipate term. higher building shift toward while of expansion mix expansion in year-over-year, margin, in near sales will slow segment we the pace still solutions business incremental For that our
drive materials our slightly growth Finally, and improvement months, in sequentially outlook expect Sustainability we the year-over-year in year. the with roughly seasonality as summer down fundamentals to exit flat be third the third In UOP. and offsetting end will in full electronic favorable products we and in Energy the quarter, in sales markets a Solutions, encouraging quarter and typical flooring
comps of Notably, equipment the in marks unfavorable large UOP. last quarter processing projects year-over-year significant gas second the from
will recovery half incremental For conjunction the strength in with sustained ESS. full materials in catalysts year, growth back electronic in for an support
in will a drive unchanged solutions for technology growth profile robust confidence year. as strong our business Our demand remains sustainable the
Additionally, LNG our Products' guidance. of in we expect have and the included of Air closing place third acquisition the to business take in this impact quarter our
low typical For is Margins seasonality, our catalyst half-over-half, ESS. to of the organic growth margin leading expansion year for fourth improve for should a in as the full ESS result single year, outlook digit. quarter, particularly reload
to on to income guidance will other XXXX Moving at million. approximately key roughly metrics. remain $XXX flat Pension
the and growth $XXX full guidance of expense, invest between This million result and the acquisitions a repositioning net between year we increase $XXX quarter. negative in corresponding million in $XXX impact to third be to includes $XXX future below-the-line we and negative and negative million in year As $XXX the and the and between million as spend interest and now $XXX quarter projects million negative for high-return $XX million productivity. for further support third and the full $XX between million in anticipate million
balance already flexibility we the to as approximately sheet the and highest quarter be XX% effective full achieved million capital reduction the additional count Adjusted share year to have third we average share for XXX and count than around deploy more X% to for the maintain both both year, for shares the returns. be but achieve will We third shareholder quarter. rate year anticipate full the tax
we of anticipate result between inputs, X% adjusted and year-over-year. per share these be $XX.XX to earnings year a full $XX.XX, to X% up As now
$X.XX We up between expect X% X% third quarter earnings and to per share $X.XX, year-over-year.
from We our extract efforts as multiyear expect more to unwind from to through Accelerator. of progress continue digitization working free benefit value the flow we cash capital on
projects high-return projects CapEx In innovative, uniquely on addition, continue to we'll -- technologies. fund differentiated high-CapEx focused creating
XX%, $X.X prior to year a are expectations range, growth. excluding now cash with billion As of net the to $X.X the income result, billion commensurate the up impact settlements free in X% our revision to flow and
So anticipate strong of half in our businesses. year line summary, from the we top long-cycle and in in we continued first acceleration benefit second as the strength half delivered a
enable a we confident Our remain rigorous revenue to rate second in on algorithm into us principles intact, mix execute half with And our giving us nice XXXX operating will short-term long-term strong momentum through exit pressure. XXXX.
turn me Slide on So to with let it Vimal that, back X.
