On Oct. 19, Honeywell
- Revenues beat estimates by $178 million. Earnings per share (EPS) topped estimates by $0.02.
- EPS increased by 22.2%, driven by both an increase in net income of 16.6% and a drop in diluted share count by 3.2%.
- Year-to-date free cash flow increased by 34% because of both a drop in capital expenditure by 5% to $433 million and an increase in cash flow from operations by 22.9% to $1.97 billion.
(Figures in millions, except per-share data)
Income Statement Highlights
Avg. Est. |
Q3 2006 |
Q3 2005 |
Change |
|
---|---|---|---|---|
Sales |
$7,774 |
$7,952 |
$6,900 |
15.2% |
Net Profit |
-- |
$541 |
$464 |
16.6% |
EPS |
$0.64 |
$0.66 |
$0.54 |
22.2% |
Diluted Shares |
-- |
829 |
857 |
(3.2%) |
Get back to basics with a look at the income statement.
Margin Checkup
Q3 2006 |
2005 |
Change* |
|
---|---|---|---|
Gross Margin |
23.15% |
23.16% |
(0.01) |
Operating Margin |
10.11% |
8.93% |
1.18 |
Net Margin |
6.80% |
6.72% |
0.08 |
*Expressed in percentage points.
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets |
Q3 2006 |
2005 |
Change |
---|---|---|---|
Cash + ST Invest. |
$1,415 |
$1,452 |
(2.5%) |
Accounts Rec. |
$5,723 |
$4,772 |
19.9% |
Inventory |
$3,734 |
$3,398 |
9.9% |
Liabilities |
Q3 2006 |
2005 |
Change |
---|---|---|---|
Accounts Payable |
$3,222 |
$2,627 |
22.6% |
Long-Term Debt |
$3,909 |
$3,972 |
(1.6%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
YTD 2006 |
YTD 2005 |
Change |
|
---|---|---|---|
Cash From Ops. |
$1,970 |
$1,603 |
22.9% |
Capital Expenditures |
$433 |
$456 |
(5%) |
Free Cash Flow |
$1,537 |
$1,147 |
34% |
Find out why Fools always follow the money.
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