Honeywell increases revenues and revenues

Honeywell International Inc. (HON) advanced on Friday, Oct. 19, after posting positive and negative results for the third quarter and raising its guidance for the full year in terms of cash flow and margins.

Honeywell, headquartered in Morris Plains, NJ, reported net income of $ 2.34 billion, or $ 3.11 per share. Adjusted earnings of $ 2.03 per share exceeded analysts' expectations of $ 1.99. Revenues of $ 10.76 billion also exceeded expectations, calling $ 10.75 billion.

According to Sheila Kahyaoglu, an analyst at Jefferies, aerospace sales increased by 10%, due to strong OEM demand for business aviation and sustained strength in defense activities in the United States and around the world.

Overall organic sales grew 7%, "driven by continued double-digit growth in our warehouse automation business, strong aerospace growth, demand for software and services Solstice low global warming and short-process solutions and processes; Homes and ADI global distribution, "said CEO Darius Adamczyk in a statement.

Honeywell, which manufactures aircraft engine components into thermostats, has revised its outlook for the year to reflect "the completion of the split of Garrett Motion Inc. (GTX), which separated from Honeywell on 1 October, and the planned end of the spin-off of Resideo Technologies Inc. on October 29th. "

The company, which is a stake in Jim Cramer's Action Alerts PLUS Charitable Trust, has raised its adjusted free cash flow for 2018 to $ 5.8 billion from $ 5.2 billion. now the top of the range at $ 6.2 billion. Honeywell also increased the lower segment of its margin segmentation margin, from 19.4% to 19.6%, against a previous forecast of 19.4% to 19.6%.

But the company lowered its adjusted earnings per share from $ 7.95 to $ 8.00, the new forecast accounting for 27 cents of the dilution of net income from the separation of Garrett's and Resideo's businesses. The annual business figure is expected to be between $ 41.7 billion and $ 41.8 billion, while it was between $ 43.1 billion and $ 43.6 billion.

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Honeywell shares rose 1.1% to $ 156.82 at 9:30 am, New York time. The stock has gained about 3.3% since the beginning of the year.

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