Boston, MA 10/18/2013 (wallstreetpr) – For 2Q13, Honeywell International Inc. (NYSE:HON) has posted a 4.2% increase in the profits. The company has also raised its full-year stance by five cents and is now estimating adjusted earnings per share between $4.90 and $4.95. From its previous estimate of revenue forecast of $38.9 billion to $39.3 billion, the diversified manufacture has lowered the figure to $38.8 billion.
For 3Q2013, the profit for the company has raised, making it $990 million from the previous quarter’s $950 millions. Per-share earnings have also climbed to $1.24 from $1.20. Meeting several analysts’ estimates, the revenue for the company has also augmented 3.3% to $9.65 billion.
The New Jersey based company has reported a 2% decrease in revenue at $2.97 billion from its aerospace unit as a result of the 11% decline in space and defense sales.
Out of the several operating segments of Honeywell, Automation and control systems segment has shown a 4% increased sales to $4.13 billion.
After the company’s acquisition of Thomas Russell, Performance materials and technologies segment’s sales have climbed 10%.
Revenue for Transportation systems also increased 6%. The operating margin for the company has also jumped to 15.2% from 13.9%.
About Honeywell International Inc. (NYSE:HON)
Honeywell International Inc is a pioneer in technology and is engaged in manufacturing a wide range of diversified products serving customers all across the world. The company operates in four important segments giving a wide range of varied products to the world. The segments include Aerospace, Performance Materials and Technologies, Automation and Control Solutions and Transportation Systems.
The company has made several important acquisitions in the past that has given a massive boost to its economy and has increased the sales manifolds. The major acquisitions are, EMS Technologies Inc, King’s Safetywater Limited, INNCOM, Thomas Russell, RAE Systems, Intermec Inc,
