Courtesy of Benzinga.
Honeywell (NYSE: HON) will meet with investors today at the Citi Global Industrials Conference and reaffirm its full-year 2011 financial guidance. The company expects:
2011 sales of $36.1-36.7 billion, up 12-14% over 2010
Excludes the divested Consumer Products Group business (CPG), treated as discontinued operations
2011 proforma earnings per share of $3.85-4.00, up 28-33% over 2010
Includes discontinued operations of approximately $0.25
Excludes any mark-to-market pension adjustments
Maintaining 2011 free cash flow guidance of $3.5-3.7 billion
Excludes any U.S. cash pension contributions
3Q11 sales in the range of $9.1-9.4 billion, up 12-15%
Healthy organic growth anticipated – 7 to 9%
3Q11 earnings of $0.96-1.01 per share – expect earnings near high-end of range
Includes earnings from discontinued operations (CPG) and assumes full deployment of after-tax gains from sale of CPG (~$165M) and OPEB curtailments (~$80M)
A real-time audio webcast of the presentation and related presentation materials for the Citi Global Industrials Conference will be posted to http://www.honeywell.com/investor prior to the presentation. The presentation materials will be in Adobe Acrobat format. A replay of the webcast will be available at the same link listed above for 30 days following the presentation.
