24-Oct-2011 12:24 PM

Honeywell reports strong profit growth in 3Q2011

Honeywell revenue up 14% – financial highlights for 12 months ended 30-Sep-2011:

  • Revenue: USD9298 million, +14.2% year-on-year;
    • Aerospace: USD2922 million, +8.1%;
  • Segment profit: USD1367 million, +17.9%;
    • Aerospace: USD532 million, +16.2%;
  • Profit from continuing operations before tax: USD893 million, +8.6%;
  • Net profit: USD862 million, +44.1%;
  • Total assets: USD39,445 million, +4.3% when compared to period ended 31-Dec-2010;
  • Cash and cash equivalents: USD3885 million, +46.6% when compared to period ended 31-Dec-2010;
  • Total liabilities: USD27,678 million, +2.3% when compared to period ended 31-Dec-2010. [more – original PR]

Honeywell: "Despite signals of slower economic growth, we expect positive organic growth to continue the rest of this year and into 2012. The repositioning actions we took in the third quarter, funded by non-operational gains, better position our businesses for 2012 and beyond. These repositioning tailwinds, combined with our great positions in good industries, execution track record, and disciplined playbook, will be keys to our continued outperformance,” Dave Cote, chairman and CEO. Source: Honeywell, 21-Oct-2011.

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