22-Jul-2013 10:54 AM
Honeywell reports profit growth in 2Q2013, upgrades lower-end of 2013 guidance
Honeywell revenue up 3% - financial highlights:
- Three months ended 30-Jun-2013:
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- Revenue: USD9693million, +3% year-on-year;
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- Aerospace: USD2997 million, -1%;
- Segment profit: USD1559 million, +4.4%;
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- Aerospace: USD583 million, +4%;
- Net profit: USD1022 million, +12.9%;
- Six months ended 30-Jun-2013:
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- Revenue: USD19,021 million, +1.5%;
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- Aerospace: USD5908 million, -1.2%;
- Segment profit: USD3067 million, +5.5%;
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- Aerospace: USD1134 million, +3.5%;
- Net profit: USD1991 million, +15.1%;
- Total assets: USD42,166 million;
- Cash and cash equivalents: USD4549 million;
- Total liabilities: USD28,308 million;
- 2013 guidance:
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- Sales: USD38,900 million to USD39,300 million, from previous guidance of USD38,800 million to USD39,300 million;
- Segment margin: 16.0% to 16.2%, from previous guidance of 15.9% to 16.2%;
- Earnings per share: USD4.85 to USD4.95, from previous guidance of USD4.80 to USD4.95. [more - original PR]
Honeywell: "As a result of our first half performance, we are raising the low-end of our 2013 guidance by USD0.05 with the expectation of modestly improved organic growth and continued margin expansion in the second half outlook," Dave Cote, Chairman and CEO. Source: Company statement, 19-Jul-2013.