Honeywell reports profit growth in 2Q2014, adjusts 2014 guidance

Honeywell revenue up 6% - financial highlights for three months ended 30-Jun-2014:

• Revenue: USD10,253 million, +5.8% year-on-year;
• • Aerospace: USD2991 million, stable;
• Segment profit: USD1709 million, +9.6%;
• • Aerospace: USD592 million, +2%;
• Net profit: USD1099 million, +7.6%;
• Total assets: USD46,596 million;
• Cash and cash equivalents: USD6582 million;
• Total liabilities: USD27,779 million;
• FY2014 guidance:
• • Sales: USD40,200 million to USD40,400 million, compared to previous guidance of USD40.3-40.7 billion;
  • Segment margin: 16.8-17.0%, compared to previous guidance of 16.6-16.9%;
  • Earnings per share: USD5.45-USD5.55, compared to previous guidance of USD5.40-USD5.55. [more - original PR]

Honeywell: "As a result of our first half performance, we are raising the low end of our 2014 proforma EPS guidance by USD0.05 with the expectation of improved organic growth and continued margin expansion in the second half of the year," Dave Cote, Chairman and CEO. Source: Company statement, 18-Jul-2014.