Honeywell Sales on Rise

Honeywell (NYSE: HON) reports it is estimating a first quarter sales jump of 12 percent from the prior year of approximately $8.7 billion.

The firm also expects a 23 percent earnings per share increase of approximately $0.80.

“We continue to see strength in the global economic recovery and are confident in our outlook for 2011 and beyond, ” CEO Dave Cote said. “Honeywell has an established track record of strong cash generation, evidenced by another record free cash flow year in 2010.  We’ve also maintained a balanced approach to capital deployment – continuing to invest in our businesses to drive organic growth, making smart disciplined acquisitions that build upon our great positions in good industries, and returning cash to our shareowners through increased dividends and share repurchases.”

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