Honeywell (HON)

Honeywell reported Q3 earnings of $0.80 per share on net income of $619 million versus $0.97 per share on net income of $723 million in the year ago period.
“Honeywell is positioning its businesses for long-term growth by continuing to invest in new products and services, geographic expansion, and key process initiatives," said Honeywell Chairman and Chief Executive Officer Dave Cote. "We executed well in the third quarter with sales on track and better than expected earnings and free cash flow performance. We're particularly pleased with our free cash flow performance year-to-date, which reflects our strong operating disciplines and working capital controls. These results reflect the impact of the growth investments and productivity actions we have taken in the midst of tough market conditions."

Oct 23 · 3:25:00 PM · Source: Press Release
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by Michael Oliveto