Morris Township, New Jersey – Honeywell has said it expects 2014 to yield sales of up to $40.7bn (EUR 29.7bn).
The company’s chairman Dave Cote said he expected 2014 to be “another strong year for Honeywell” after he confirmed the company’s 2013 sales estimate of $38.8 to $39bn.
At an outlook conference on 17 December, senior vice president and CFO David Anderson said the company’s automation and control solutions (ACS) segment was expected to see sales rise by 5% to 7%. Building system design (BSD) would likely yield a “slow top line growth” due to a lack of funding for energy projects, said Cote.
The performance materials and technology (PMT) segment could also be up 4% or 6%, with sales increases of up to 5% expected for the company’s transportation systems segment, according to Cote.
The company’s third quarter results reflected a 3% increase on last year at $9.6m. ACS sales were $4.1m- up 4% on the same period last year, PMT sales reached $1.6m – up 10% on last year’s third quarter and transportation systems was also up – at $916m it was 6% higher than during the same period in 2012.
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