Please ensure Javascript is enabled for purposes of website accessibility

Honeywell International, Inc. Beats Fourth-Quarter Estimates, Shares Jump

By Anders Bylund - Jan 24, 2014 at 10:18AM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Honeywell fired on all cylinders in the fourth quarter, delivering strong sales in every division to beat Wall Street's earnings targets.

Honeywell International (HON 1.19%) announced fourth-quarter results this morning, with both earnings and revenue coming in ahead of analyst estimates.

Wall Street was looking for adjusted earnings of $1.21 per share on roughly $10.2 billion in revenue. Honeywell delivered $1.24 of adjusted earnings per share on sales of $10.4 billion.

Honeywell's growth was led by 16% higher sales and 41% stronger segment profits in the transportation division. The segment is coasting on multiple tailwinds, including commercial vehicle demand in China and strong global interest in light vehicle production. Honeywell delivers parts to many vehicle manufacturers in these markets.

"Even in a continued slow-growth environment, our 2013 sales grew 4% and pro forma earnings were up 11%, above our guidance, exiting the year with better than expected sales in every business," said Honeywell CEO Dave Cote.

Honeywell shares jumped as much as 1.3% higher on the news. The stock has gained 33% over the last 52 weeks, and trades within 1% of annual highs.

HON Chart

HON data by YCharts.


Fool contributor Anders Bylund has no position in any stocks mentioned, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days.

We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Honeywell International Inc. Stock Quote
Honeywell International Inc.
$200.87 (1.19%) $2.36

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
S&P 500 Returns

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 08/13/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.