NEW JERSEY (Honeywell) - Honeywell announced today that it expects sales of approximately $30 billion and earnings of $2.35 - $2.50 per share (including stock option expense) in 2006. Free cash flow in 2006 is expected to be $2.1 - $2.3 billion.
Cash Flow From Operations Expected to be $2.9 - $3.1 Billion; Free Cash Flow of $2.1 - $2.3 Billion.
The company also confirmed its 2005 financial guidance. Sales for the full year are anticipated to be approximately $27.6 billion and free cash flow is projected to be $1.7 – $1.8 billion (cash flow from operations of $2.4 - $2.5 billion). Earnings per share is expected to be $2.11 - $2.13 (excluding the tax charge associated with the repatriation of foreign earnings related to the provisions of the American Jobs Creation Act of 2004), or $1.93 - $1.95 on a reported basis.
"Honeywell is establishing an impressive track record of business and financial performance,” said Honeywell Chairman and Chief Executive Officer Dave Cote. “Our strong 2005 performance is the result of better processes, improved quality and delivery to customers and continued leadership in the industries we serve. These factors, combined with continued growth in the global economy and favorable macro-trends, such as energy efficiency, expanding concerns about safety and security and increasing global flying hours, give us confidence in our prospects for 2006.”
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