
For the full year, Honeywell posted EPS of $4.48 on revenues of $37.67 billion, compared with EPS of $4.05 on revenues of $36.53 billion in 2011. The consensus estimate called for EPS of $4.48 on revenues of $37.6 billion.
On a GAAP basis, the company reported fourth-quarter EPS of $0.32 and full-year EPS of $3.69.
The company’s CEO said:
In a weak global economy, we grew sales 3% and earnings by 11%, while expanding margins to record levels and continuing to generate strong cash flow. … We’ve also maintained a strong long-cycle backlog, now a record $15.8 billion, with new platform wins across many of our businesses last year.
The company offered no guidance in its earnings release, but the consensus estimate for the first quarter calls for EPS of $1.13 on revenues of $9.52 billion. For the full year, the EPS estimate is $4.92 on revenues of $39.34 billion.
Honeywell’s highest sales come from its automation and control segment, which posted a year-over-year gain of 3% in sales and a 1.1% boost in margins, to 15.5%. The highest growth came from its performance materials and technologies segment, which experienced a revenue boost of 8% to a total of $1.55 billion, even though margins fell by 2% to 13.6%. Both the aerospace and transportation segments posted revenue declines.
Honeywell’s shares are up about 2.5% in premarket trading at $69.95, a new 52-week high if it holds. The current 52-week range is $52.21 to $69.21. Thomson Reuters had a consensus analyst price target of around $71.60 before today’s report.
Take Charge of Your Retirement In Just A Few Minutes (Sponsor)
Retirement planning doesn’t have to feel overwhelming. The key is finding expert guidance—and SmartAsset’s simple quiz makes it easier than ever for you to connect with a vetted financial advisor.
Here’s how it works:
- Answer a Few Simple Questions. Tell us a bit about your goals and preferences—it only takes a few minutes!
- Get Matched with Vetted Advisors Our smart tool matches you with up to three pre-screened, vetted advisors who serve your area and are held to a fiduciary standard to act in your best interests. Click here to begin
- Choose Your Fit Review their profiles, schedule an introductory call (or meet in person), and select the advisor who feel is right for you.
Why wait? Start building the retirement you’ve always dreamed of. Click here to get started today!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.