Honeywell Reports Q3 2014 Sales Up 5% to $10.1 Billion and EPS of $1.47 Per Share
October 17, 2014
Honeywell has announced its results for the third quarter of 2014. Organic sales are up 5% due to strong execution across the portfolio. Earning per share (EPS) is up 19% and the company is raising low-end proforma EPS guidance to $5.50-$5.55 from the previous $5.45 - $5.55.
“Organic sales growth and a double-digit earnings increase highlighted Honeywell’s strong third quarter,” said Honeywell Chairman and CEO Dave Cote.
“The continued integration and maturation of the Honeywell Operating System throughout our global portfolio is helping to drive sales, margin, earnings, and cash flow higher, and plenty of runway remains. We are committed to our ongoing seed planting investments to bolster our great positions in good industries and continuous process improvements to mitigate ongoing global macroeconomic uncertainties. We are raising the low-end of our 2014 proforma EPS outlook by $0.05 to $5.50-5.55 (up 11%-12%), which brings us to the high-end of the initial guidance we provided almost a year ago. Looking ahead to 2015, we’re once again planning for a slow growth macro environment, but expect to continue delivering strong earnings growth. We’re confident that Honeywell will continue to outperform now and over the long-term driven by a relentless focus on new products and technologies, continued penetration of high-growth regions, and sustained implementation of our key process initiatives.”
Read what the financial community is saying:
Honeywell Profit Tops Estimates on Energy Housing Gains – Bloomberg News
Honeywell tops Street 3Q forecasts – Associated Press
Honeywell Reports 18% Earnings Increase, Lifts Outlook – Wall Street Journal
Get more information on Honeywell's Q3 2014 Results at investor.honeywell.com.