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by Stephanie Neil, MA Editorial Staff
Posted on Monday, January 28, 2008 4:20:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | Acquisitions, product innovations, and the ACS solutions business were keys to 2007 success. |
| Keywords: | Honeywell finacials, Honeywell sales |
Honeywell International ended its fiscal year on a high note, reporting a 10% increase in 2007 sales and a 25% increase in its earnings per share late last week. For the full year, the company generated $34.6 billion in revenue and earnings per share of $3.16 — a healthy increase over 2006, when the automation and controls company reported sales of $31.4 billion and EPS of $2.52. Net income for the year reached $2.44 billion, up from $2.08 billion in 2006. Honeywell's fourth quarter featured similar double-digit growth. The company reported sales of $9.3 billion in the quarter, a 12% increase over the $8.3 billion reported in the same period last year. The bottom line showed even greater gains, with earnings per share up 26% year-over-year to $0.91, and net income up nearly 18% to $689 million from $585 million. [Click to continue] |
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