20.04.2012 • NewsHoneywellQ1 2012sales and profits

Honeywell Q1 Profit Up

Industrial conglomerate Honeywell International reported higher quarterly results and raised its earnings per share outlook for the full year, saying growth in U.S. and high-growth markets are more than offsetting softness in Europe.

The maker of products ranging from cockpit electronics to control systems for large buildings, on Friday said net first-quarter earnings rose to $825 million, or $1.04 per share, from $708 million, or 88 cents a share, a year earlier.

Sales increased by 7% to $9.3 billion, above the $9.15 billion average forecast, according to Thomson Reuters I/B/E/S.

Honeywell revised its 2012 earnings per share outlook to a range of $4.35 to $4.55 from $4.25 to $4.50.

 

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VCI Welcomes US-EU Customs Deal

The German Chemical Industry Association (VCI) welcomes the fact that Ursula von der Leyen, President of the European Commission, and US President Donald Trump have averted the danger of a trade war for the time being.