ADVFN - Advanced Financial Network.
HOME» NYSE » H » HON Stock Price » HON Stock News

Honeywell Share News

 Honeywell International, Inc. Stock Price
HON Stock Price
 Honeywell International, Inc. Stock Chart
HON Stock Chart
 Honeywell International, Inc. Stock News
HON Stock News
 Honeywell International, Inc. Company Information
HON Company Information
 Honeywell International, Inc. Stock Trades
HON Stock Trades

Apogee Swings To 3Q Profit On Increased Prices, Volumes

DOW JONES NEWSWIRES Industrial-glass maker Apogee Enterprises Inc. (APOG) swung to a stronger-than-expected profit in its fiscal third quarter, breaking a six-quarter string of losses, as its main architectural glass segment benefited from higher prices and volume. The company also raised its full-year guidance for the 2012 fiscal year by calling for 14% revenue growth and sharpened its earnings outlook to 7 cents a share for the year. The company in September forecast top-line growth of more than 10% and simply said it would make a profit. Apogee had swung to the red in every quarter of the previous fiscal year as an anemic construction sector hurt its sales. During the recession, the company cut jobs and spending to match lower demand, but a full-scale building recovery has yet to arrive this year. Chief Executive Joseph F. Puishys said some of the company's stronger performance in the latest quarter owed to operational improvements, as well as a steady backlog in the architectural business. "We achieved excellent top-line growth in both segments, given current market conditions," he said. Puishys became CEO in August as the successor to Russell Huffer, who stepped down as chairman in January and stayed on as chief executive until the company found a replacement. Puishys has participated in manufacturing businesses for 32 years, coming to Apogee from Honeywell International Inc.'s (HON) Environmental and Combustion Controls division, where he was president. For the quarter ended Nov. 26, Apogee Enterprises reported a profit of $5.5 million, or 20 cents a share, compared with a year-earlier loss of $2.3 million, or 8 cents a share. Revenue grew 19% to $174.9 million. Analysts polled by Thomson Reuters expected a 12-cent profit and $171 million of revenue. Gross margin widened to 19.9% from 15.7% on higher pricing and volume in the architectural glass business. Sales jumped 21% in Apogee's architectural segment, which provides the lion's share of total revenue, helping it swing to a slight operating profit. Sales grew 6.1% in the large-scale optical technologies segment, which posted breakeven earnings. Backlog in the architectural segment reached $230.7 million, compared with $231.3 million in the second quarter and $165.7 million a year ago. Shares closed at $10.56 Wednesday, down a penny, and were inactive after hours. The stock is off 22% this year. -By Drew FitzGerald, Dow Jones Newswires; 212-416-2909; Andrew.FitzGerald@dowjones.com

Stock News for Honeywell (HON)
DateTimeHeadline
10/21/201417:19:27EU Charges Honeywell, DuPont in Refrigerant Case
10/17/201416:49:42MARKET SNAPSHOT: U.S. Stocks Rally; Dow Snaps 6-day Losing Streak
10/17/201413:01:10MARKET SNAPSHOT: U.S. Stocks Rally; Dow Enjoys Triple-digit Revival
10/17/201410:07:14MARKET SNAPSHOT: U.S. Stocks Rally; GE Rises On Earnings Beat
10/17/201409:38:35U.S. Hot Stocks: Hot Stocks to Watch
10/17/201409:14:03MARKET SNAPSHOT: U.S. Stocks: Futures Rally; Housing Starts Rise
10/17/201408:25:04Honeywell Reports 18% Earnings Increase, Raises Outlook
10/17/201407:45:26MARKET SNAPSHOT: U.S. Stocks: Futures Rally Ahead Of Yellen...
09/16/201409:30:35Business-Jet Travel Set for Smoother Internet Over the Ocean...
07/27/201423:46:04Black Boxes' Age Could Mean Limited Data
07/18/201418:46:23Honeywell Profit Rises on Sales Growth Across Segments -- Update
07/13/201406:18:25MARKET SNAPSHOT: Tech, Bank Earnings To Test Economic Recovery
06/16/201411:43:53EU Clears Federal-Mogul to Buy Honeywell Friction Material Unit;...
04/13/201408:46:33MARKET SNAPSHOT: Google, Intel, IBM Outlooks To Trump Earnings...
03/04/201417:38:12EU Expected to Issue Antitrust Complaint Over Honeywell/DuPont...
03/02/201406:18:18MARKET SNAPSHOT: Jobs, Winter Weather To Test Record Stock Levels
02/20/201419:57:52NTSB Details Pilot Errors Before 2013 UPS Cargo Jet Crash
02/18/201421:45:27Honeywell CEO David Cote Nominated to NY Fed Board
02/18/201418:52:43Honeywell CEO David Cote Nominated as a Class B Director at New...
01/24/201417:45:08MARKET SNAPSHOT: U.S. Stocks Tumble; Dow Drops 318 Points

Honeywell and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad