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Honeywell reports profit growth in 2Q2013, upgrades lower-end of 2013 guidance

22-Jul-2013 10:54 AM

Honeywell revenue up 3% - financial highlights:

  • Three months ended 30-Jun-2013:
    • Revenue: USD9693million, +3% year-on-year;
      • Aerospace: USD2997 million, -1%;
    • Segment profit: USD1559 million, +4.4%;
      • Aerospace: USD583 million, +4%;
    • Net profit: USD1022 million, +12.9%;
  • Six months ended 30-Jun-2013:
    • Revenue: USD19,021 million, +1.5%;
      • Aerospace: USD5908 million, -1.2%;
    • Segment profit: USD3067 million, +5.5%;
      • Aerospace: USD1134 million, +3.5%;
    • Net profit: USD1991 million, +15.1%;
    • Total assets: USD42,166 million;
    • Cash and cash equivalents: USD4549 million;
    • Total liabilities: USD28,308 million;
  • 2013 guidance:
    • Sales: USD38,900 million to USD39,300 million, from previous guidance of USD38,800 million to USD39,300 million;
    • Segment margin: 16.0% to 16.2%, from previous guidance of 15.9% to 16.2%;
    • Earnings per share: USD4.85 to USD4.95, from previous guidance of USD4.80 to USD4.95. [more - original PR]

Honeywell: “As a result of our first half performance, we are raising the low-end of our 2013 guidance by USD0.05 with the expectation of modestly improved organic growth and continued margin expansion in the second half outlook,” Dave Cote, Chairman and CEO. Source: Company statement, 19-Jul-2013.