Honeywell

(HON) - Get Report

Wednesday reported a higher third-quarter profit, thanks to strong performances in its aerospace and transportation units.

The New Jersey-based manufacturer earned $372 million, or 43 cents a share, vs. $344 million, or 40 cents a share, a year ago. The results include the impact of $105 million of pre-tax pension expenses.

Analysts were expecting 43 cents a share, according to Thomson First Call.

Revenue rose 11% to $6.4 billion. Aerospace sales also rose 11%. Transportation system sales rose 19%. Free cash flow hit $525 million, or 141% of net income.

Shares closed at $35.44 Tuesday.