Honeywell reports full-year sales results up 3% to $40.3bn

Posted on 23 Jan 2015 by Tim Brown
The Honeywell Thor vehicle mounted computer - image courtesy of Honeywell.

Honeywell, the Fortune 100 diversified technology manufacturer, today announced its fourth quarter and full-year results for 2014 with revenues up 3% to $40.3bn and profit up 2% to $2.915bn.

Sales for the fourth quarter were down (6%) on a reported basis driven by the unfavorable impact of OEM incentives, the Friction Materials divestiture, and the unfavorable impact of foreign exchange. Excluding these items, sales in the fourth quarter were up 4% on an organic basis. Commercial Aftermarket sales were up 4% on an organic…

This content is for subscribers only. Subscribe now for free to read the full article.