Today, Honeywell announced its 2017 outlook and reaffirmed its fourth quarter and full year 2016 sales and earnings guidance.
“Our recent investments in the portfolio and development of new products, combined with the cost benefits from ongoing productivity initiatives, M&A integration, restructuring, and debt refinancing, have set us up for continued outperformance in 2017,” said Honeywell President and Chief Operating Officer, Darius Adamczyk. “We anticipate organic sales growth of 1%-3%, segment margin expansion of 70-110 basis points, and EPS growth of 6%-10% (excluding pension MTM, debt refinancing charges, and 2016 divestitures), driven by the impact from high-return capacity expansions, continued seed planting in new product introductions, software and connected enterprises, and earnings from prior M&A. Our focus on HOS Gold, coupled with world-class processes and talent to drive Commercial Excellence, should continue to generate returns. We are building upon the strong foundation we have established over the last 15 years.”
Adamczyk continued, “We expect another year of exceptional returns for our shareowners. I am excited about our prospects for 2017. We continue to have significant runway for margin expansion even in today’s slow-growth environment, and our strong balance sheet will provide additional opportunities for upside.”