Honeywell Significantly Increases Annual Sales Target

October 26, 2011 Reporter was informed that Honeywell recently announced its third-quarter sales of 9.3 billion US dollars, an increase of 14% over the same period of 2010 sales (8.1 billion US dollars); third-quarter earnings per share 1.10 The U.S. dollar was up 45% from the same period in 2010 (US$0.76 per share); the free cash flow in the third quarter was US$884 million.

Honeywell previously expected third-quarter 2011 revenue of between 91 and 94 billion US dollars, an increase of 12-15%; earnings per share between 0.96-1.01 US dollars. Revenue for the full year 2011 was between US$361-367 billion, an increase of 12-14% over 2010; EPS was US$3.84-4.00, an increase of 28-33% over 2010; free cash flow remained at 3.5-3.7 billion Dollars. Given the increase in sales in the third quarter, Honeywell raised its sales target for the entire year of 2011 from $36.5 billion to $36.7 billion, an increase of 13% over the same period of 2010; earnings per share of $4.00 to $4.05, compared with 2010 Year-on-year growth of 33-35%; free cash flow close to 3.5 billion US dollars.

Honeywell is a diversified high-tech and manufacturing company with operations in aerospace products and services, building, home and industrial control technologies, automotive products, turbochargers, and specialty materials. The company is headquartered in Morristown, New Jersey, and currently employs approximately 120,000 people.

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