Honeywell planning for difficult FY2012
Honeywell released (15-Dec-2011) the following financial forecast for FY2012:
- Revenue: USD37.8 million to USD38.9 million, +4% to +7% from FY2011 estimates;
- Earnings per share: USD4.25 to USD4.50, +6% to +12%;
- Earnings per share from continuing operations: +13% to +19%;
- Free cash flow: USD3500 million. [more – original PR]
Honeywell: “We're planning for a more challenging macro environment in 2012. While key economic indicators show slower year-over-year growth in GDP and industrial production globally, we expect to grow faster than the end markets we serve, mainly driven by our robust long-cycle backlog of almost USD16 billion, strong commercial aerospace aftermarket growth, and continued contributions from our short-cycle businesses. We feel confident that our portfolio mix and continued margin expansion will deliver strong earnings growth and free cash flow conversion in 2012," Dave Cote, CEO. Source: Honeywell, 15-Dec-2011.