The Aerospace, Building Technologies, and Performance Materials
and Technologies segments are likely to see growth in revenues helped by strong
demand in defense, aviation, fire and building management products and process
solutions services. Last quarter, sales increased across all these three
segments on an organic basis.
The Safety and Productivity Solutions division saw weakness in sales due to lower sales volumes in productivity products and the impact of major systems project timing in Intelligrated. It remains to be seen if revenues have improved in the fourth quarter.
Also read: AT&T Q4 2019 Earnings Report
In December, Honeywell acquired Rebellion Photonics, a
provider of visual gas monitoring solutions, for undisclosed terms. There was
no change to the company’s full-year 2019 guidance due to the transaction.
In the third quarter of 2019, Honeywell beat earnings estimates while sales missed the mark. Sales fell 16% to $9.09 billion while adjusted EPS rose 2.4% to $2.08.
For the full year of 2019, Honeywell has guided for sales of $36.7 billion to $36.9 billion. Organic sales is expected to grow 4-5%. Adjusted EPS is expected to be $8.10-8.15.