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'Standout quarter' for Honeywell

Published 10/20/2017, 07:36 AM
© Reuters.  'Standout quarter' for Honeywell
HON
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  • "Honeywell delivered another quarter of high-quality financial results, with organic growth of 5%, segment margin expansion of 120 bps, and earnings per share of $1.75, up 16% Y/Y," said CEO Darius Adamczyk.
  • "This was a standout quarter for us when it comes to organic growth.. we continue to improve the cost structure of our businesses through ongoing restructuring actions, and in Q3, we dedicated approximately $120M to new projects."
  • The company also reaffirmed its full-year earnings-per-share guidance of $7.05-$7.10, up 9%-10% Y/Y, excluding divestitures, any pension mark-to-market adjustments, and 2016 debt refinancing charges.
  • Earlier this month, Honeywell raised the low end of the range by five cents.
  • Conference call at 9:30 a.m. ET.
  • HON is edging up premarket on the Q3 results.
  • Now read: Honeywell: The Restructuring Plan, Just Icing On The Cake


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