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Post Earnings Coverage as Honeywell's Adjusted EPS Surged 14%; Reaffirms FY17 Outlook
Upcoming AWS Coverage on Danaher Post-Earnings Results LONDON, UK / ACCESSWIRE / Febru...
About this update from Discovery Harbour Resources Corp.
[{"type":"text","content":"Post Earnings Coverage as Honeywell's Adjusted EPS Surged 14%; Reaffirms FY17 OutlookUpcoming AWS Coverage on Danaher Post-Earnings Results\n\nLONDON, UK / ACCESSWIRE / February 9, 2017 / Active Wall St. announces its post-earnings coverage on Honeywell International Inc. (NYSE: HON). The Company released its fourth quarter and fiscal year 2016 results on January 27, 2017. The diversified US manufacturer met earnings expectations. Register with us now for your free membership at:\n\nhttp://www.activewallst.com/register/\n\nOne of Honeywell International's competitors within the Diversified Machinery space, Danaher Corp. (NYSE: DHR), announced on January 31, 2017, its results for Q4 and full year 2016. AWS will be initiating a research report on Danaher in the coming days.\n\nToday, AWS is promoting its earnings coverage on HON; touching on DHR. Get our free coverage by signing up to:\n\nhttp://www.activewallst.com/register/\n\nEarnings Reviewed\nFor the reported quarter, Honeywell's revenues were $9.99 billion compared to revenue of $9.98 billion in Q4 2015. However, revenues missed analysts' consensus forecasts of $1.02 billion. For FY16, Honeywell reported revenues of $39.30 billion compared to FY15 revenue of $38.58 billion. \nThe Company reported Q4 2016 operating income of $2.01 billion, up compared to operating income of $1.80 billion in Q4 2015. Honeywell's operating margin during the reported quarter was 16.2%, down 120 basis points compared to the year earlier same quarter.\nFor the quarter ended December 31, 2016, Honeywell reported net income of $1.03 billion, or $1.34 per share, down from $1.19 billion, or $1.53 per share, in Q4 2015. Excluding restructuring and other charges, the Company posted earnings of $1.74 per share, up 14% on a y-o-y basis, which met Wall Street's forecasts for earnings of $1.74 per share. For FY16, the Company reported adjusted earnings of $6.60 per share compared to FY15 earnings of $6.10.\nSegment Performance \nHoneywell's segment profit was $1.90 billion for Q4 2016 compared to $1.88 billion in Q4 2015. The Company's overall segment profit margin was 19.0% in the reported quarter, up 20 basis points from 18.8% in the year earlier quarter. Honeywell stated that the segment's profit margin was up 90 basis points at 19.7% excluding the first year dilutive impacts from M&A.\nFor Q4 2016, ...