Honeywell Delivers $1.71 Earnings Per Share, Up 10%

“Honeywell reported a strong start to 2017, with over 2 percent organic sales growth, 70 basis points of segment margin expansion, and free cash flow of nearly $800 million that was more than six times greater than 2016. Our strong operational performance resulted in reported earnings per share of $1.71. Normalizing for tax, earnings per share was $1.66, or 2 cents above the high-end of our first-quarter guidance and up 11 percent versus last year, excluding divestitures,” said Darius Adamczyk, President and Chief Executive Officer of Honeywell.
 
Honeywell Delivers $1.71 Earnings Per Share, Up 10%

“Each of our businesses contributed,” Adamczyk said. “Our diversified portfolio, coupled with the investments we’ve made over the past several years, drove our excellent performance in the first quarter. As a result of our performance, we are raising the low end of our full-year guidance by 5 cents. We now anticipate that 2017 earnings per share will be $6.90 to $7.10, up 7 percent to 10 percent, excluding divestitures, any pension mark-to-market adjustments, and 2016 debt refinancing charges.” 

Honeywell Delivers $1.71 Earnings Per Share, Up 10 Percent  

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Robert Ferris

Corporate and Financial Media Relations

Mark Macaluso

Investor Relations

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