Honeywell (HON) Reports In-Line Q4 EPS; Reaffirms
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Honeywell Reports Strong Finish to 2016
January 27, 2017 6:30 AM ESTMORRIS PLAINS, N.J., Jan. 27, 2017 /PRNewswire/ -- Honeywell (NYSE: HON) today announced results for the fourth quarter and full-year of 2016, and reaffirmed 2017 earnings guidance.
"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 Honeywell Chairman and CEO Dave Cote. "For the full year, we delivered earnings growth of 8% (excluding charges for pension mark-to-market and debt refinancing) and drove strong operational segment margin expansion while... More
