Honeywell’s year-end financial report came as no surprise today, as results squared with preliminary figures released in December. And the company stood by its stated 2009 earnings per share guidance.
As expected, the diversified automation vendor managed 6% sales growth for the year despite a dip in fourth-quarter sales, and a 19% increase in earnings per share.
For the fourth quarter, sales totaled $8.7 billion, down about 6% from $9.3 billion in the 2007 period. Net income increased to $707 million, from $689 million a year earlier. Earnings per share were $0.97, compared with $0.91 a year ago.
For the year, Honeywell’s sales increased to $35.56 billion from $34.59 billion in 2007, while net income of $2.79 billion topped the 2007 tally of $2.44 billion. EPS, meanwhile, rose to $3.76 from $3.16 a year earlier.