By: Scott Davis
The minutia around quarterly earnings is maddening. So here’s a quick summary of what matters:
- The 2018 guide went up with the new tax tailwind but not otherwise, which is one of the reasons the stock is flat today on a strong print. Looks to us that management is being extra conservative, which is consistent with past January guidance history. HON is a “promise good and deliver great” story. Has been for a dozen years.