Breaking News
Investing Pro 0
🙌 It's Here: the Only Stock Screener You'll Ever Need Get Started

Honeywell blames stronger dollar for reduction in quarterly earnings

Published Apr 17, 2015 06:52PM ET Updated Apr 17, 2015 06:59PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
Honeywell's earnings fell approximately 5% on the quarter on a year-over-year basis
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio -- While Honeywell International Inc (NYSE:HON) reported a 10% increase in earnings per share for the first quarter on Friday, the multinational conglomerate blamed a stronger dollar for a reduction in earnings.

Honeywell, a New Jersey-based, Fortune 100 company with more than 55,000 employees in the United States, reported sales of $9.213 billion for the first three months of the year. The figure, though, represented a 5% decline in sales from the same period a year earlier when the consumer products, engineering services and aerospace systems manufacturer posted sales of $9.679 billion. With more than 70,000 employees abroad, Honeywell indicated that its exposure to the euro played a significant role in the slower than expected earnings.

Honeywell still posted quarterly earnings per share of 1.41 for the period, above the 1.28 earnings per share it reported last year at this time.

"Honeywell had a good start to 2015 delivering double-digit earnings growth at the high end of our guidance range and experiencing improving momentum over the course of the quarter,” Honeywell Chairman and CEO Dave Cote said in a statement.

Earlier this month, Honeywell Transportation Systems announced a deal to provide its variable-geometry diesel turbocharger technology to Volkswagen and Skoda for models in India. The smaller, turbocharged diesel vehicles deliver nearly 40 percent better fuel efficiency in comparison with similar powered vehicles in their class, Honeywell said in a release.

Honeywell has also raised its EPS forward guidance for the remainder of the year to a range of $6.00-$6.15, an increase of 8-11%.

"We’re able to raise our full-year earnings guidance and maintain our cash outlook while continuing to invest for the future in seed planting and additional repositioning because of new products and technologies, further penetration of High Growth Regions, conservative cost planning, and deployment of our key process initiatives as part of HOS Gold," Cote added. "We’re confident that our balanced portfolio mix of short- and long-cycle businesses is well-positioned to deliver on our 2015 commitments and our 2018 targets."

Honeywell blames stronger dollar for reduction in quarterly earnings

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.
  • Any comment you publish, together with your profile, will be public on and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
Sign up with Email