Honeywell announced today that it expects sales of approximately U.S. $32.6 billion, up 5 percent, and earnings per share of $2.85- 2.95, up 13-17 percent, in 2007. Cash flow from operations is expected to be $3.2-3.4 billion and free cash flow (cash flow from operations less capital expenditures) is expected to be $2.4-2.6 billion.
The company also confirmed 2006 financial guidance. Sales for 2006 are anticipated to be $31.2 billion and earnings are expected to be $2.51-2.53 per share. Cash flow from operations is anticipated to be approximately $3.0 billion and free cash flow (cash flow from operations less capital expenditures) is expected to be approximately $2.2 billion. Honeywell has repurchased more than $1.7 billion in stock and reduced its total outstanding share count by 5 percent in 2006. The company also recently announced a 10 percent increase in the annual dividend rate to $1.00 per share, the third 10 percent increase in the past three years.
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