Honeywell 2Q2016 caps off a 'strong' 1H2016, raises lower end full year guidance

Honeywell revenue up 2% - financial highlights for three months ended 30-Jun-2016:

• Revenue: USD9991 million, +2% year-on-year;
• • Aerospace: USD3779 million, -1%;
• Segment profit: USD1847 million, +2%;
• • Aerospace: USD791 million, +2%;
• Net profit: USD1290 million, +6%;
• Total assets: USD51,181 million;
• Cash and cash equivalents: USD5045 million;
• Total liabilities: USD32,239 million. [more - original PR]

Honeywell: "Honeywell grew earnings 10% in the second quarter, capping off a strong first half of 2016. Sales in the quarter of USD10.0B were in-line with our expectations driven by contributions from each of our business groups. In Aerospace, we saw continued momentum in Commercial Aviation Aftermarket and Transportation Systems. As a result of our first half performance, we are raising the low-end of our full-year earnings guidance range to USD6.60-USD6.70, up 8%-10%," Dave Cote, Chairman and CEO. Source: Company statement, 22-Jul-2016.