Honeywell profits jump in 2Q2011

Honeywell revenue up 15% - financial highlights:

• Three months ended 30-Jun-2011:
  • Revenue: USD9086 million, +14.6% year-on-year;
    • Aerospace: USD2810 million, +6.2%;
  • Segment profit: USD1301 million, +20.6%;
    • Aerospace: USD451 million, +1.8%;
  • Profit from continuing operations before tax: USD1100 million, +43.4%;
  • Net profit: USD810 million, +43.1%;
• Six months ended 30-Jun-2011:
  • Revenue: USD17,758 million, +14.8%;
    • Aerospace: USD5506 million, +6.9%;
  • Segment profit: USD2561 million, +22.8%;
    • Aerospace: USD918 million, +7.2%;
  • Profit from continuing operations before tax: USD2046 million, +42.0%;
  • Net profit: USD1515 million, +43.6%;
  • Total assets: USD39,650 million, +4.8% when compared to period ended 31-Dec-2010;
  • Cash and cash equivalents: USD3548 million, +33.9% when compared to period ended 31-Dec-2010;
  • Total liabilities: USD27,466 million, +1.5% when compared to period ended 31-Dec-2010. [more]

Honeywell: "We expect good organic growth to continue in the second half of 2011. Favorable global macro trends like safety, security, energy, and globalization combined with our continued investments in new technologies, high growth regions, and our process initiatives will enable the company to continue to grow and outperform now and over the long-term," Dave Cote, Chairman and CEO. Source: Honeywell, 22-Jul-2011.