Honeywell Reports Strong Finish to 2016
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Honeywell (HON) Reports In-Line Q4 EPS; Reaffirms
January 27, 2017 6:31 AM ESTHoneywell (NYSE: HON) reported Q4 EPS of $1.74, in-line with the analyst estimate of $1.74. Revenue for the quarter came in at $9.99 billion versus the consensus estimate of $10.15 billion.
Reaffirms outlook.
"We finished 2016 with a strong fourth quarter, achieving 14% earnings growth (excluding divestitures and charges for pension mark-to-market and debt refinancing), 90 basis points of segment margin expansion excluding M&A, and free cash flow conversion of 126%," said... More
