Honeywell 3Q Sales Flat, EPS Up 9 Percent

CEO Dave Cote said "the commercial aerospace outlook, increasing infrastructure spending, and oil and gas investments" are encouraging.

The largest publicly traded U.S. safety companies are beginning to report their third quarter 2012 financial results, with Honeywell making its announcement Oct. 19. The bright spot was a 9 percent increase in earnings per share, to $1.20 from $1.10 a year earlier. Sales were up 2 percent, essentially flat, with the Automation and Control Solutions segment's sales up slightly, from $3.948 billion to $3.958 billion, and its profit up 5 percent on higher sales volume in the Americas for fire and security, the company reported.

"We continue to be encouraged by the commercial aerospace outlook, increasing infrastructure spending, and oil and gas investments," CEO Dave Cote said in the company's earnings release. "These trends, combined with our great positions in good industries, leverage to other macro-trends like safety and security, energy efficiency, and clean energy generation are expected to drive our continued outperformance. Looking ahead to 2013, we are planning for a continued challenging macro environment, but expect to deliver good growth driven by new products, geographic expansion, and traction on key initiatives. Further, we will remain flexible and adhere to our disciplined focus on cost and productivity."

Safety professionals attending this year's National Safety Congress and Expo can check the results of three other large safety manufacturers while they're in Orlando next week. Both 3M and DuPont will report their 3Q financials on Oct. 23, and MSA will report its results the following day.

Product Showcase

  • Safety Knives

    The Safety Knife Company has developed a quality range of safety knives for all industries. Designed so that fingers cannot get to the blades, these knives will safely cut through cardboard, tape, strapping, shrink or plastic wrap or a variety of other packing materials. Because these knives have no exposed blades and only cut cardboard deep, they will not only protect employees against lacerations but they will also save product. The Metal Detectable versions have revolutionary metal detectable polypropylene knife bodies specifically for the food and pharmaceutical industries. This material can be detected and rejected by typical detection machines and is X-ray visible. Read More

  • The MGC Simple Plus

    The MGC Simple Plus is a simple-to-use, portable multi gas detector that runs continuously for three years without being recharged or routinely calibrated after its initial charge and calibration during manufacturing. The detector reliably tests a worksite’s atmosphere for hydrogen sulfide, carbon monoxide, oxygen and combustible gases (LEL). Its durability enables the detector to withstand the harshest treatment and environments, hence earning it an IP 68 rating. The MGC Simple Plus is also compatible with a variety of accessories, such as the GCT External Pump. Visit gascliptech.com for more information. Read More

  • Full Line of Defense Against Combustible Dust Nilfisk

    Nilfisk provides a comprehensive range of industrial vacuums meticulously crafted to adhere to NFPA 652 housekeeping standards, essential for gathering combustible dust in Class I, Group D, and Class II, Groups E, F & G environments or non-classified settings. Our pneumatic vacuums are meticulously engineered to fulfill safety criteria for deployment in hazardous surroundings. Leveraging advanced filtration technology, Nilfisk ensures the secure capture of combustible materials scattered throughout your facility, ranging from fuels, solvents, and metal dust to flour, sugar, and pharmaceutical powders. Read More

Featured

Artificial Intelligence