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Honeywell 2Q Profit Leaps 43% On Double-Digit Sales Boost

DOW JONES NEWSWIRES Honeywell International Inc.'s (HON) second-quarter profit jumped 43% as the company's top line got a boost from strong demand in the aerospace commercial aftermarket. Looking ahead, the company again lifted its full-year earnings guidance by 5 cents a share to $3.85 to $4. The company added it sees sales between $36.1 billion and $36.7 billion, versus a prior forecast of $36 billion and $36.6 billion. The maker of aerospace, building control and safety products has steadily benefited from a broad-based increase in demand. An improving macroeconomic environment has recently helped large industrial companies. Honeywell reported a profit of $810 million, or $1.02 a share, compared with $566 million, or 73 cents a share, a year earlier. Net sales jumped 15% to $9.1 billion. The company previously said it expected to report earnings of 94 cents to 98 cents on $9.1 billion to $9.3 billion in revenue. Honeywell's automation and control-systems business, which serves the commercial construction industry and is the company's largest top-line contributor, saw net sales pop 20%. The aerospace unit's net sales rose 6.2%, helped by strong sales in the commercial aftermarket. Shares were recently off 1.4% to $57.40 in premarket trade. The stock is up 9.5% since the start of the year. -By Mia Lamar, Dow Jones Newswires; 212-416-3207; [email protected]

Stock News for Honeywell (HON)
DateTimeHeadline
03/21/201710:20:00Four New Honeywell Safety Products Win Prestigious iF Design...
03/21/201709:57:00Indian Refinery To Use Honeywell UOP Technology To Meet Rising...
03/21/201709:00:00Honeywell Auxiliary Power Units Now Standard On All Airbus A320s
03/20/201709:57:00Wantong Petrochemical Is First To Use Honeywell Hydrotreating...
03/17/201709:57:00Diamond Green Diesel To Expand Renewable Fuel Capacity Using...
03/09/201707:34:15Additional Proxy Soliciting Materials (definitive) (defa14a)
03/09/201707:32:02Proxy Statement (definitive) (def 14a)
03/09/201701:00:00Honeywell's Smart Airport Technology To Maximize Safety And Efficiency...
03/07/201709:00:00Honeywell Helps U.S. Air Force Drive Efficiency Savings At Los...
03/06/201716:03:37Current Report Filing (8-k)
03/06/201713:00:00Honeywell Engines Continue To Power Eagle 407HP Helicopters
03/06/201712:39:00Honeywell To Present At J.P. Morgan Aviation, Transportation...
03/06/201711:00:00Honeywell Receives Certification To Keep Helicopters Connected...
03/06/201709:00:00Honeywell Forecasts 3,900 To 4,400 Global Helicopter Deliveries...
03/02/201716:17:35Statement of Changes in Beneficial Ownership (4)
03/02/201716:16:41Statement of Changes in Beneficial Ownership (4)
03/02/201716:16:15Statement of Changes in Beneficial Ownership (4)
03/02/201716:15:51Statement of Changes in Beneficial Ownership (4)
03/02/201716:14:57Statement of Changes in Beneficial Ownership (4)
03/02/201716:14:57Statement of Changes in Beneficial Ownership (4)

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