Honeywell profit rises, boosts lower end of FY 2014 EPS outlook range


Honeywell (HON) reported slightly better than expected Q1 earnings, helped by strong sales of turbochargers for automobiles and home thermostats and security systems.

HON raises the lower end of its EPS outlook for the year by five cents, now expecting a profit of $5.40-$5.55, citing Q1 performance as well as the overall favorable outlook for its key end markets.

Sales at the automation and control- ystems business, which serves the commercial construction industry, rose 7.6% to $4B; aerospace unit sales fell 1.8% to $2.86B; performance materials and technologies sales rose 2.2% to $1.75B; transportation systems sales aded 8.6% to $993M.

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