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Honeywell expects growth in all segments

Staff writer ▼ | December 18, 2013
Honeywell announced its 2014 financial forecast and reaffirmed its 2013 outlook. The company expect EPS to increase up to 12 percent.
Honeywell
HoneywellHoneywell announced its 2014 financial forecast and reaffirmed its 2013 outlook. The company expect EPS to increase up to 12 percent.


"We expect 2014 to be another strong year for Honeywell with across the board growth in sales, margin, EPS, and free cash flow," said Honeywell Chairman and CEO Dave Cote.

"Next year, we will complete our first 5 year plan and our 2014 outlook is reflective of the company being on track to achieve the long-term targets that were set in 2010. In fact, we've already achieved the low-end of our long-term margin target in 2013. These strong results have been supported by our balanced portfolio mix of short- and long-cycle businesses, improving end markets, consistent new product introductions, continued penetration in high growth regions, and our key process initiatives.

"While we're expecting the macro environment next year to be similar to 2013, we'll remain flexible and continue our disciplined focus on growth and productivity, which we expect will drive strong margin expansion, double-digit earnings growth, and robust free cash flow conversion again in 2014."

The company expects sales to grow 4% to 5%, segment margin to grow 30 - 60 bps, operating income margin to increased for 50 - 80 bps, earnings per share to increase 8% - 12%, and free cash flow also to increase 4% - 9%.


 

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