Business and Financial

Honeywell Reports Full-Year Sales Up 13% to $36.5 Billion; Proforma Earnings Up 35% To $4.05 Per Share; And Reported Earnings Per Share Of $2.61

Honeywell announced fourth quarter and full-year 2011 results as follows: • 4Q11 sales were up 8% to $9.5 billion versus $8.7 billion in 4Q10 – 7% organic growth reflects continued strength in most end markets and the contribution of new product launches and geographic expansion • 4Q11 proforma earnings (excluding the impact of pension [...]

Posted on Friday, January 27, 2012

Honeywell Acquires Fire Sentry Corporation

Honeywell acquired Fire Sentry Corporation, a privately-held manufacturer of innovative fire detection and control products for a broad range of industrial markets. The terms of the transaction were not disclosed. Based in Yorba Linda, California, Fire Sentry’s product portfolio consists of fast-responding electro-optical flame detectors, portable test lamps, and dedicated control panels that are used [...]

Posted on Friday, January 6, 2012

Honeywell Names Shane Tedjarati President, High Growth Regions and Stephen Shang President, Honeywell China

Pictured left to right: Shane Tedjarati, President, High Growth Regions, and Stephen Shang, President, Honeywell China Honeywell announced that Shane Tedjarati was named to the broader role of President, High Growth Regions, and Stephen Shang will take over as President, Honeywell China, effective immediately. Tedjarati will continue to report directly to Honeywell Chairman and CEO Dave [...]

Posted on Wednesday, January 4, 2012

Honeywell Forecasts 2012 Sales Of $37.8-38.9 Billion, Up 4-7%; Proforma Earnings Per Share Of $4.25-4.50, Up 6-12%

Company Reaffirms 2011 Financial Guidance Honeywell announced its 2012 financial outlook including: • Sales of $37.8-38.9 billion, up 4-7% over 2011 estimated sales – 4-6% organic growth expected • Earnings per share (EPS) of $4.25-4.50, an increase of 6-12% over prior year – Strong sales conversion drives 40-70 basis points margin expansion [...]

Posted on Thursday, December 15, 2011

Honeywell Named a Top Company for Leaders

Honeywell has been listed as a 2011 North American Top Company for Leaders, based on a study conducted by Aon Hewitt, The RBL Group, and FORTUNE magazine. The winners were named and ranked based on criteria including strength of leadership practices and culture, examples of leader development on a global scale, impact of leadership in [...]

Posted on Monday, November 7, 2011

Honeywell Acquires King’s Safetywear Limited; Expands Global Life Safety Business

Honeywell signed a definitive agreement to acquire King’s Safetywear Limited (KSW), a leading international provider of branded safety footwear based in Singapore, for approximately $338 million. The move builds on Honeywell’s Norcross and Sperian Acquisitions to create a leading $2 billion personal protection portfolio designed to protect workers from “head to toe” in a variety [...]

Posted on Thursday, November 3, 2011