Honeywell released that 4Q11 sales were up 8% to $9.5bn versus $8.7bn in 4Q10 – 7% organic growth reflected continued strength in most end markets and the contribution of new product launches and geographic expansion. Honeywell reported 4Q11 proforma earnings (excluding the impact of pension mark-to-market adjustments)of $1.05 per share, up 21% over $0.87 in 4Q10. 4Q11 earnings reflected a loss of ($0.40) per share versus earnings of $0.47 per share in the prior year – Pension mark-to-market adjustment of $1.45 per share calculated using 784.3m. The company reported 4Q11 cash flow from operations of $1.5bn, includes $250m cash pension contribution in the quarter.
Honeywell reported full-year 2011 sales of $36.5bn up approximately 13% over 2010 – 8% organic sales growth. The company reported 2011 proforma earnings (excluding the impact of pension mark-to-market adjustments) of $4.05 per share, up 35% over $3.00 in 2010. Honeywell reported EPS of $2.61 in 2011 versus $2.59 in the prior year.
