Before Friday’s opening bell, Honeywell International Inc. (HON ) released its fourth quarter financial results.
HON's Earnings in Brief
- HON reported earnings of $956 million, or $1.20 per share, up from $947 million, or $1.19 per share, last year.
- Excluding special items, earnings were $1.43 per share – above analysts’ view of $1.42 per share.
- Revenue came in at $10.27 billion, up from $10.39 billion a year ago. Analysts expected to see revenue of $10.21 billion.
- Looking ahead, HON expects to see FY2015 earnings between $5.95 and $6.15 per share. Analysts expect to see $6.11 per share in earnings. Sales are expected to be between $40.5 billion and $41.1 billion, which would fall below analysts’ view of $41.17 billion.
HON’s chairman and CEO Dave Cote noted: “In the fourth quarter, Honeywell delivered 4% organic sales growth and achieved 15% earnings per share growth (excluding the pension mark-to-market adjustment), exceeding the high end of our guidance range and capping off another year of terrific performance in 2014.”
Honeywell paid its last 51.75 cent dividend on December 10. We expect the company to declare its next dividend in February.
Shares of HON were up $1.61, or 1.62% during premarket trading Friday.