Honeywell profits increase in 1Q2013

Honeywell revenue stable - financial highlights for three months ended 31-Mar-2013:

• Revenue: USD9328 million, stable year-on-year;
  • Aerospace: USD2911 million, -1%;
• Segment profit: USD1508 million, +6.6%;
  • Aerospace: USD551 million, +3%;
• Net profit: USD966 million, +17.4%;
• Total assets: USD41,800 million, -0.1% when compared to period ended 31-Dec-2012;
• Cash and cash equivalents: USD4539 million, -2.1% when compared to period ended 31-Dec-2012;
• Total liabilities: USD28,689 million, -0.3% when compared to period ended 31-Dec-2012;
• FY2013 forecast:
  • Sales: USD38,800 million to USD39,300 million, compared to previous guidance of USD39,000 million to USD39,500 million;
  • Segment margin: 15.9% to 16.2%, compared to previous guidance of 15.8% to 16.1%;
  • Operating profit margin: 14.3% to 14.6%, compared to previous guidance of 14.2% to 14.5%;
  • Earnings per share: USD4.8 to USD4.95, compared to previous guidance of USD4.75 to USD4.95. [more - original PR]