Source Pravda.Ru

Honeywell reports profits increase in 4Q, its business growing in all segments

Honeywell International Inc.’ fourth-quarter profit rose 17.8 percent –with all its business segments growing.

The company earned $689 million (EUR468.55 million), or 91 cents per share, for the three months that ended Dec. 31, up from $585 million (EUR397.82 million), or 72 cents per share, a year earlier, the AP reports.

Its 4-quarter sales jumped 12.1 percent to $9.28 billion (EUR6.31 billion) from $8.28 billion (EUR5.63 billion) in the same period a year ago.

Honeywell is a major American multinational conglomerate company that produces a variety of consumer products, engineering services, and aerospace systems for a wide variety of customers, from private consumers to major corporations.

Honeywell is a Fortune 500 company with a workforce of over 100,000. The company is headquartered in Morristown , New Jersey . Its current chief executive officer is David M. Cote. The company is part of the Dow Jones Industrial Average Index.

Honeywell has many brands that consumers may recognize. Some of the most recognizable products are its line of home thermostats (particularly the iconic round type), Garrett turbochargers, and automotive products sold under the names of Prestone, Fram, and Autolite.