Honeywell Backs FY Profit View

Honeywell (HON) said that it would host its annual investor conference at the company's Morris Plains, N.J., headquarters today, led by President and Chief Executive Officer Darius Adamczyk.

As part of the conference, the company will also reaffirm full-year earnings per share guidance of $7.75-$8.00 and first-quarter earnings per share guidance of $1.87-$1.93--in each case, excluding separation costs and adjustments to the provisional charge related to tax legislation, if any. Analysts polled by Thomson Reuters expect the company to report earnings of $1.90 per share for the first-quarter, and $7.98 per share for fiscal year 2018. Analysts' estimates typically exclude special items.

"This is a transformative time for Honeywell, our software capabilities, and our portfolio. The spins of our Homes and Transportation Systems businesses will be complete by the end of the year, our growth and productivity initiatives are yielding attractive results, and I am confident in Honeywell's ability to deliver significant shareowner value in 2018 and for the years to come," Adamczyk said.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Mallinckrodt plc announced Wednesday that the U.S. Food and Drug Administration or FDA has approved StrataGraft (allogeneic cultured keratinocytes and dermal fibroblasts in murine collagen - dsat) for the treatment of adult patients with thermal burns containing intact dermal elements for which surgical intervention is clinically indicated. Worldwide 5G mobile subscriptions are estimated to exceed 580 million by the end of 2021, according to the Ericsson Mobility Report. With subscriptions increasing at a rate of about a million per day, 5G remains on track to become the fastest adopted mobile generation in history. The growth in subscriptions is being lead by China, North America and the Gulf Cooperation Council markets. Elanco Animal Health Inc. (ELAN) and veterinary biopharmaceutical company Kindred Biosciences, Inc. (KIN) announced Wednesday they have entered into a definitive agreement for Elanco to acquire Kindred for $9.25 per share, or approximately $440 million. The acquisition further accelerates Elanco's...
Follow RTT