More on Honeywell Q4: Net profit jumps

|About: Honeywell International, ... (HON)|By:, SA News Editor

Honeywell (HON) net profit soars to $947M from $251M last year; from the earnings table, the increase appears to be due to a rise of over $800M in sales and to lower costs.

Order backlog $15.5B

"While we think it's prudent to remain cautious on the global economy at this time," says CEO Dave Cote, "we're increasingly confident in our 2014 outlook based on the momentum from the fourth quarter."

The company reaffirms its 2014 guidance for EPS of $5.35-5.55, up 8-12% on 2013 and vs consensus of $5.54; and for sales of $40.3-40.7B, up 3-4% and vs $40.85B. (PR)