Honeywell reports profit growth in 3Q2014, raises lower end of 2014 proforma EPS
Honeywell revenue up 5% - financial highlights for three months ended 30-Sep-2014:
- Revenue: USD10,108 million, +5% year-on-year;
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- Aerospace: USD3895 million, stable;
- Segment profit: USD1759 million, +8.9%;
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- Aerospace: USD790 million, +8%;
- Net profit: USD1167 million, +17.9%;
- Total assets: USD46,181 million;
- Cash and cash equivalents: USD6428 million;
- Total liabilities: USD27,118 million. [more - original PR]
Honeywell: "We are raising the low-end of our 2014 proforma EPS outlook by USD0.05 to USD5.50-5.55 (up 11%-12%), which brings us to the high-end of the initial guidance we provided almost a year ago. Looking ahead to 2015, we're once again planning for a slow growth macro environment, but expect to continue delivering strong earnings growth. We're confident that Honeywell will continue to outperform now and over the long-term driven by a relentless focus on new products and technologies, continued penetration of high growth regions, and sustained implementation of our key process initiatives," Dave Cote, Chairman and CEO. Source: Company statement, 17-Oct-2014.