Honeywell First Quarter Sales Growth Of 3% To 78 Billion
Click to see more exciting information
Click to see more exciting information
4 23, Morris Township, New Jersey News? Honeywell (NYSE: HON) today announced financial results for first quarter of 2010. This quarter, Honeywell Sell As compared with 7.6 billion in 2009 increased 3% to 7.8 billion U.S. dollars, earnings per share down from last year's 0.54 U.S. dollars 0.50 U.S. dollars. After deducting non-cash pension expenses earnings per share was 0.68 U.S. dollars, up 0.56 U.S. dollars higher than last year's 21%. Cash flow from operations this quarter was 743 million U.S. dollars, while the first quarter of 2009, the figure was 3.41 million, free cash flow (operating cash flow minus capital expenditures) of 232 million U.S. dollars over the previous year increased 190%, to 673 million U.S. dollars .
Honeywell Chairman and CEO Dave Cote said: "Honeywell's outstanding performance in the first quarter due to the actual number of end markets growing faster than our expectations, combined with our unswervingly implement the business plan, and strict cost control. the quarter, including the turbocharger and general industrial products, including a number of important short-cycle businesses are given a good endogenous growth, reflecting market conditions improved. we get more and more orders, the continuing penetration of new products and this quarter a number of major contract win we are very encouraged. In addition, we continue to include the Honeywell operating system, fast product conversion of the development and function of the effective implementation of process management initiatives to benefit our operating leverage these factors and profit margins have made a great contribution to growth. "
Mr. Gao Dewei said: "As the economic recovery of the time and forms are not yet clear, therefore, we have formulated the plan is relatively conservative, but Honeywell's business prospects will be bright. Horney Weir in the dominant industry leading position, we focus on safety, Security , Energy and other global macro-trends in your field, the growth in emerging markets and new products and strong R & D pipeline, enhance our expectations for this fiscal year, same time, these will promote the long-term development of Honeywell. "
Currently, Honeywell expects sales in 2010 will reach 315-323 billion U.S. dollars, earnings per share is expected to increase from the previous 2.20-2.40 to 2.30-2.45 U.S. dollars U.S. dollars. Will also free cash flow (operating cash flow to 35-38 billion U.S. dollars) expected from the 24-27 billion dollars before the increase to 28-31 billion.
The business results of the Group Summary:
Aerospace Sales this quarter compared with the first quarter of 2009 decreased 9%, mainly affected by the regional and business aviation original equipment sales and customer airlines to reduce the impact of sales of aftermarket products, defense business growth in sales and logistics services, partially offset by This adversely affected.
Mainly due to decrease in sales (to be cost-saving measures and adjustment measures taken before the positive effects brought about by the offset), Aerospace Group profit down 15%, the Group margin decreased 120 basis points, to 16.5%.
Honeywell announced that the Singapore Air Show and including China Eastern Airlines, Air China, Qantas and Pacific, including Vietnam Airlines and other airlines have signed more than 190 million U.S. dollars worth of contracts in aviation Electronic Equipment, maintenance, and auxiliary power devices.
Honeywell was the U.S. Navy Air Warfare Center Aircraft Division (NavalAirWarfareCenterAircraftDivision) contract worth 51 million U.S. dollars, which will be available within five years of engineering and integrated logistics support. For Light Airborne Multipurpose System (LAMPS) and connect the U.S. Navy SH-60 helicopters, ships and two-way digital data link for ship-borne device, the company will provide design, development, integration, testing, evaluation, maintenance and logistics support .
Honeywell First Quarter Sales Growth Of 3% To 78 Billion
By: yoyo
Sales Quotas and Pricing More Timely Tips for Unlocking Great Sales in Today's Tough Economy 3 Tips For Having An Ebook Sales Page That Makes People Buy Top Led Chip Factory In China And Competition Pattern Of Sales What makes the perfect sales pitch Short Sales, A Good Option Enhance your sales with Glass Display Cases Why Money Doesn't Motivate Salespeople Is A Career In Sales Right For You? How to Improve Retail Sales With Shop Fittings Hsbc Reo Broker Application - 3 Key Factors Gurus Never Tell You About How To Do Short Sales Freddie Mac Reo Broker Application - Understanding Pre-foreclosures, Short Sales, and REO's Your Short Sale Solution Llc - How to Remove Short Sales From Your Credit Report