Honeywell Delivers $1.75 Earnings Per Share; Sales of $10.1 Billion
October 20, 2017
“Honeywelldelivered another quarter of high-quality financial results, with organicgrowth of five percent, segment margin expansion of 120 basis points, andearnings per share of $1.75, up 16 percent year-over-year,” said Darius Adamczyk, President and Chief ExecutiveOfficer of Honeywell. “This was a standout quarter for us when it comes toorganic growth. Our Aerospace aftermarket business grew more than sevenpercent, our warehouse automation business continued to grow at a double-digitpace, and there was broad strength across Performance Materials andTechnologies, led by 25 percent organic sales growth in UOP. We also saw goodmomentum in orders and backlog, with double-digit backlog growth in UOP,Intelligrated, Defense, and Honeywell Building Solutions, positioning us forfuture growth.”
Honeywellalso reaffirmed its full-year earnings-per-share guidance of $7.05 to $7.10, upnine to 10 percent year-over-year, excluding divestitures, any pensionmark-to-market adjustments, and 2016 debt refinancing charges. Earlier thismonth, the company raised the low end of the range by five cents.