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Honeywell International, Inc. (HON)

  • Wed, Mar. 4, 9:54 AM
    • "While M&A is the priority, we will deploy net cash amounts in excess of $1B-$2B for incremental share repurchase, and are committed to growing our dividend rate faster than earnings," announced CEO Dave Cote at the company's investor day.
    • Honeywell (HON -1.4%) also said it plans to add an additional dollar in earnings per share by 2018 via share repurchase programs and capital deployment.
    • Previously: Honeywell affirms 2015 financial guidance (Mar. 04 2015)
  • Wed, Mar. 4, 8:40 AM
    • At its annual investor conference in New York City today, Honeywell (NYSE:HON) again backed its previously disclosed financial guidance for 2015 and updated its outlook for Q1:
    • Q1: Reported sales of ~$9.4B; Margin up ~130 bps vs. ~110 bps; Affirmed EPS of $1.36-$1.41.
    • 2015: ~4% organic sales growth, up 1-2% Y/Y at $40.5B-$41.1B; Segment margin 17.6%-17.9%, up 100-130 bps; EPS of $5.95-$6.15, up 7-11% Y/Y; Free cash flow of $4.2-$4.3B, up 8-11% Y/Y.
    • Honeywell also reaffirmed its five-year outlook for organic sales of $46B-$51B and segment margin of 18.5-20%.
    • Previously: Honeywell backs 2015 guidance (Feb. 19 2015)
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  • Thu, Feb. 19, 10:52 AM
    • At the Barclays Capital Industrial Select Conference today, Honeywell (HON +0.2%) backed its view of ~4% organic sales growth of in 2015, up 1-2% Y/Y at $40.5B-$41.1B.
    • The company also affirmed its EPS forecast of $5.95-$6.15, with free cash flow of $4.2-$4.3B.
    • Honeywell shares have climbed almost 13% in the last 52 weeks.
    • Presentation
    | 1 Comment
  • Fri, Jan. 23, 7:59 AM
    • Net income of $956M vs $947M in the same quarter a year ago. Earnings, adjusted for non-recurring costs, were $1.43 per share.
    • Q4 profit by segment: Aerospace -14%; Automation and Control Solutions +8%; Performance Materials +6%.
    • "In Q4, Honeywell delivered 4% organic sales growth and achieved 15% EPS growth (excluding the pension mark-to-market adjustment), exceeding the high end of our guidance range and capping off another year of terrific performance in 2014," said Honeywell CEO Dave Cote.
    • The company reaffirmed its 2015 forecast: Organic sales growth of ~4%, up 1-2% Y/Y at $40.5B-$41.1B. 2015 EPS is expected to be between $5.95-$6.15, with free cash flow of $4.2-$4.3B.
    • HON +1.5% premarket
    • Q4 results
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  • Fri, Jan. 23, 7:01 AM
    • Honeywell (NYSE:HON): Q4 EPS of $1.43 beats by $0.01.
    • Revenue of $10.26B (-1.3% Y/Y) beats by $50M.
    • Press Release
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  • Thu, Jan. 22, 5:30 PM
  • Thu, Jan. 8, 10:15 AM
    • Honeywell (HON +1.5%) will report Q4 and full-year results on Jan. 23. The conference call is scheduled to begin at 9:30 a.m. EST.
    • Consensus view is EPS of $1.42 on revenues of $10.2B.
    | Comment!
  • Dec. 15, 2014, 7:33 AM
    • Honeywell (NYSE:HON) has lowered its Q4 sales forecast to $10.1B-10.2B from $10.3-10.4B, but reaffirmed its $1.37-$1.42 EPS estimate for the quarter.
    • FY14 sales are expected to be in a range of $40.1-$40.2B, down from previous guidance of $40.3B-$40.4B. FY14 EPS is still anticipated to be in a range of $5.50-$5.55.
    • The company forecasts 2015 organic sales growth of ~4%, up 1-2% Y/Y at $40.5B-$41.1B. 2015 EPS is expected to be between $5.95-$6.15, with free cash flow of $4.2-$4.3B.
    • 2015 Outlook Conference Call at 9:00 a.m. ET
    • HON +0.4% premarket
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  • Oct. 31, 2014, 9:16 AM
    • Honeywell's (NYSE:HON) Board of Directors has approved a 15% increase in the company's regular annual cash dividend rate (from $1.80 to $2.07 per common share).
    • The increased regular quarterly dividend will be effective starting with the fourth quarter dividend, which was declared today and is payable on December 10, 2014.
    • HON +1.4% premarket
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  • Oct. 17, 2014, 9:08 AM
    • Honeywell (NYSE:HON) +3.1% premarket after reporting better than expected Q3 earnings and revenues, driven by sales gains in almost all segments and raising the lower end of its outlook for the year.
    • HON's automation and control systems business, which supplies the commercial construction industry, added 9% to $3.67B, but aerospace sales were flat at $3.9B.
    • Sales of performance materials and technologies rose 7% to $2.52B, while transportation systems sales fell 10% because of the sale of the friction materials segment this summer.
    • issues new guidance for FY 2014: Raises EPS to $5.50-$5.55 from $5.45-$5.55 vs. $5.54 analyst consensus estimate, revenues to $40.3B-$40.4B from $40.2B-$40.4B vs. $40.$B consensus, segment margin to ~17% from 16.8%-17%.
    • "Looking ahead to 2015, we’re once again planning for a slow growth macro environment but expect to continue delivering strong earnings growth," CEO Dave Cote says.
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  • Oct. 17, 2014, 7:02 AM
    • Honeywell International (NYSE:HON): Q3 EPS of $1.43 beats by $0.02.
    • Revenue of $10.11B (+4.8% Y/Y) beats by $70M.
    • Press Release
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  • Oct. 16, 2014, 5:30 PM
  • Jul. 18, 2014, 8:51 AM
    • Total Honeywell (NYSE:HON) sales rose 6% Y/Y to 10.3B, bringing up operating income margin 110 bps to 15.4% from 14.3%.
    • Cash flow from operations climbed 7% Y/Y to 1.3B, with a free cash flow of $1.1B rising 5% Y/Y.
    • The company lowered its full-year sales guidance to $40.2B-$40.4B from $40.3-$40.7B, a drop of 3-4%, but increased its EPS expectations 10-12% to a full-year target of $5.45-$5.55.
    • Segment performance: Aerospace sales of $3B were flat Y/Y driven by 1% commercial sales growth and offset by a 1% decline in defense & space.
    • Automation and control solution sales were up 10% reported, 3% organic Y/Y, propelled by the favorable impact of acquisitions net of divestitures and growth in energy, safety, and security.
    • Performance materials and technologies sales rose 6% Y/Y due to UOP catalyst and gas processing growth and higher sales in advanced materials.
    • Transportation systems sales increased 8% reported, 4% organic Y/Y pushed by continued growth from new platform launches, higher global automotive production, and increased commercial vehicle demand in Europe.
    • Q2 results
    | 1 Comment
  • Jul. 18, 2014, 7:03 AM
    • Honeywell International (NYSE:HON): Q2 EPS of $1.37 beats by $0.01.
    • Revenue of $10.25B (+5.8% Y/Y) beats by $60M.
    • Press Release
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  • Jul. 17, 2014, 5:30 PM
  • Apr. 17, 2014, 9:12 AM
    • 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.
    • Shares +0.2% premarket.
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Company Description
Honeywell International Inc is a technology & manufacturing company, serving customers with aerospace products & services, control, sensing and security technologies for buildings, homes and industry, turbochargers, automotive products, chemicals.