Honeywell Automation and Control Solutions is up 13 per cent at almost $US3.7 billion, while the entire Honeywell business reported a 3 per cent increase in sales in the first quarter of 2016 to over $US9.5 billion.
“Honeywell had a strong start to 2016, delivering on our sales and earnings commitments in the first quarter,” said Honeywell Chariman and CEO Dave Cote. “As a result of the first quarter performance, we are raising the low-end of our full-year earnings guidance range to $6.55-$.670, up 7-10 per cent, and remain committed to our full-year core organic sales growth and free cash flow outlook.
“Looking ahead, our message and our planning will not change,” Cote said. “We will support growth where there are opportunities to drive outperformance, be cautious in our sales planning, plan costs and spending conservatively, and continue to support the seed planting for new products, services, geographics and process improvements that allow us to perform well now and in the future.” ♦