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Honeywell says sales, earnings rose in Q2

By ,
David Cote, CEO of Honeywell in Morristown.
David Cote, CEO of Honeywell in Morristown. - ()

Honeywell announced Friday that sales and earnings increased in its second quarter from the second quarter of 2013.

The Morris Township-based conglomerate said in a news release that sales rose 6 percent, to $10.25 million, from $9.69 million in the year-ago quarter. In addition, earnings per share rose 8 percent, to $1.38, from $1.28 in the year-ago period.

"Honeywell had another terrific quarter and a very good first half of 2014," Chairman and CEO Dave Cote said in the release. "Strong execution across our businesses and continued momentum across the portfolio helped us to deliver stronger than expected earnings.”

In addition, Honeywell raised its full-year earnings estimate to a range of $5.45 to $5.55 a share, from $5.40 to $5.55 a share.


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