Honeywell (HON) Guides Q3 Sales Below Views
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Honeywell (HON) Tops Q2 EPS by 2c; Boosts Low-End of FY16 EPS Outlook; Will Split ACS Business into Two Segments
July 22, 2016 6:32 AM EDTHoneywell (NYSE: HON) reported Q2 EPS of $1.66, $0.02 better than the analyst estimate of $1.64. Revenue for the quarter came in at $9.99 billion versus the consensus estimate of $10.13 billion.
Automation and Control Solutions Realignment
Honeywell also announced today that it is realigning its ACS business segment into two new segments: Home and Building Technologies (HBT) and Safety and Productivity Solutions (SPS). Financial performance for the third quarter of 2016 will be reported based on this realignment. For 2015, HBT and SPS would have had estimated revenues of approximately $9.4 billion and $4.7 billion,... More
