Honeywell: Q4 EPS just above expectations
(CercleFinance.com) - Honeywell has published Q4 2019 adjusted EPS that is up 11% (excluding the impact of splits) at 2.
06 dollars, two cents above the consensus, with a 130-bp improvement in the margin of segments improved 21.4%.
The industrial conglomerate's revenues fell by 2% to 9.5 billion dollars, due to the splits, although increased by 2% organically - in particular thanks to its aerospace division (+7% organically).
Reporting adjusted EPS that is up 10% for FY 2019 at 8.16 dollars, thereby exceeding its target range of 8.10-8.15 dollars, Honeywell now expects 8.60-9 dollars for FY 2020.
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