Honeywell Revenue Jumps
The diversified manufacturer meets third-quarter earnings expectations.
The diversified manufacturer meets third-quarter earnings expectations.
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.
