Honeywell reports double-digit profit growth in 2Q2012

Honeywell revenue up 4% - financial highlights for three months ended 30-Jun-2012:

• Sales revenue: USD9435 million, +4% year-on-year;
  • Aerospace: USD3027 million, +8%;
• Segment profit: USD1493 million, +14.8%;
  • Aerospace: USD562 million, +25%;
• Net profit: USD902 million, +11.4%;
• Total assets: USD40,174 million, +0.9% when compared to period ended 31-Dec-2011;
• Cash and cash equivalents: USD4221 million, +14.1% when compared to period ended 31-Dec-2011;
• Total liabilities: USD28,091 million, -2.8% when compared to period ended 31-Dec-2011;
• FY2012 forecast:
  • Sales revenue: 37.8 billion to USD38.4 billion, compared to its previous forecast of USD38.0 billion to USD38.6 billion;
  • Operating profit margin: 13.4% to 13.6%, compared to its precious forecast of 13.2% to 13.5%. [more - original PR]

Honeywell: "We're raising the low end of our 2012 guidance by $0.05, with the expectation of continued margin expansion in the second half driving our strong full-year outlook. Given the increasingly uncertain global economic environment, we'll remain flexible, but also continue to invest in sustainable growth through seed planting in new products and technologies, geographic expansion, and our key process initiatives, all supporting our Great Positions in Good Industries throughout the world," Dave Cote, chairman and CEO. Source: Company statement, 18-Jul-2012.