Seeking Alpha

Honeywell targets $50B in sales by 2018

  • Honeywell (HON +2.5%) wants to increase annual revenues to $50B by 2018 from $39.1B last year.
  • Ahead of its annual investor day today, the company said it plans to spend $10B on acquisitions that would bring in $5-8B in sales; excluding any deals, the firm expects revenues to increase by $7-12B.
  • Honeywell also forecasts that earnings will grow at a double-digit pace in percentage terms over the next few years, and it aims to increase segment profit margins by 18.5-20% from 16.3% in 2012. (PR)
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