Honeywell's 3Q Sales: $9.3 Billion

Earnings per share of $1.10 are 45 percent above 76 cents a year earlier. Sales rose by 14 percent for the company as a whole and also for the Automation and Control Solutions segment.

Reporting third-quarter 2011 results Oct. 21, Honeywell continued the year's run of strong performance by industry leaders when it announced $1.10 in earnings per share and $9.3 billion in sales. The sales figure was 14 percent above the $8.1 billion a year earlier, while EPS was 45 percent better than the 76 cents per share of a year before.

Grainger already reported its 3Q sales were up 11 percent this year, at $2.1 billion. Reporting next week will be Kimberly-Clark (Oct. 24), DuPont and 3M (Oct. 25), and MSA (Oct. 27).

Honeywell raised its 2011 sales and EPS outlook and now expects sales of $36.5 to 36.7 billion this year, approximately 13 percent above 2010 sales.

"Honeywell's strong third quarter results are a continuation of the momentum we've seen across our businesses in 2011," Honeywell Chairman and CEO Dave Cote said Oct. 21. "Our third quarter sales growth reflects a particularly robust Commercial Aerospace up cycle, with growth in both original equipment and aftermarket sales. It also highlights the company's extensive innovation pipeline and increasing presence in high growth regions in all our businesses. Our long-cycle backlog continues at near record levels, with sustained strong orders growth particularly at UOP, ACS Solutions, and Commercial Aerospace. Further, our short-cycle businesses, such as Turbo Technologies, Advanced Materials, and ACS Products are performing well overall.

"Despite signals of slower economic growth, we expect positive organic growth to continue the rest of this year and into 2012," he added. "The repositioning actions we took in the third quarter, funded by non-operational gains, better position our businesses for 2012 and beyond. These repositioning tailwinds, combined with our great positions in good industries, execution track record, and disciplined playbook, will be keys to our continued outperformance."

Automation and Control Solutions highlights for the quarter included:

  • Building Solutions was awarded a $20.5 million contract to provide an integrated fire safety, public address, and voice alarm system for Heathrow Airport's new Terminal 2.
  • Process Solutions won a $2.5 million contract from PetroChina Company Limited in Dalian, China for an integrated process control system in a liquid natural gas facility. Honeywell said it will provide its Experion Process Knowledge System, Safety Instrumented Systems, Operator Training Systems, and fire and gas solutions to fully automate the facility, optimize the maintenance and testing of process safety instruments, and improve overall reliability.
  • Honeywell Life Safety was selected by the Department of Fire & Rescue in Prince William County, Va. to provide PPE for 600 firefighters and more than 1,000 volunteers.
  • Life Safety will provide as many as 4,000 Honeywell Optima Plus gas detectors, valued at a potential $4 million, for the 2014 World Cup and the 2016 Olympics in Rio de Janeiro.

Download Center

HTML - No Current Item Deck
  • Safety Management Software - Free Demo

    IndustrySafe Safety Software’s comprehensive suite of modules help organizations to record and manage incidents, inspections, hazards, behavior based safety observations, and much more. Improve safety with an easy to use tool for tracking, notifying and reporting on key safety data.

  • Create Flexible Safety Dashboards

    IndustrySafe’s Dashboard Module allows organizations allows you to easily create and view safety KPIs to help you make informed business decisions. Our best of breed default indicators can also save you valuable time and effort in monitoring safety metrics.

  • Schedule and Record Observations

    IndustrySafe's Observations module allows managers, supervisors, and employees to conduct observations on employees involved in safety critical behavior. IndustrySafe’s pre-built BBS checklists may be used as is, or can be customized to better suit the needs of your organization.

  • Why Is Near Miss Reporting Important?

    A near miss is an accident that's waiting to happen. Learn how to investigate these close calls and prevent more serious incidents from occurring in the future.

  • Get the Ultimate Guide to Safety Training

    When it comes to safety training, no matter the industry, there are always questions regarding requirements and certifications. We’ve put together a guide on key safety training topics, requirements for certifications, and answers to common FAQs.

  • Industry Safe
comments powered by Disqus

OH&S Digital Edition

  • OHS Magazine Digital Edition - April 2019

    April 2019


      Taking the Guesswork Out of De-Energizing Industrial Equipment 
      Four Simple and Effective Ways to Avoid Digital Eye Strain
      PPE the Automotive Industry Needs to Invest In
      Eliminate 10 Fire Hazards That May Be in Plain Sight
    View This Issue