Summary
Honeywell International Inc. reported a strong performance for the fiscal year ending December 31, 2011, with net sales increasing by 13% to $36.5 billion. This growth was driven by volume, price improvements, acquisitions, and favorable foreign exchange. The company's diversified business model across Aerospace, Automation and Control Solutions, Performance Materials and Technologies, and Transportation Systems contributed to this robust top-line expansion. Profitability saw a significant increase in segment profit, up 19% year-over-year to $5.4 billion, reflecting effective cost management, productivity gains, and the positive impact of acquisitions. While the company faced increased pension and other post-retirement expenses, it successfully navigated these challenges through operational improvements. Honeywell also demonstrated a commitment to shareholder returns, repurchasing $1.1 billion of its common stock during the year. The company's financial position remained solid, with significant cash flow generation and a clear focus on driving profitable growth and optimizing its business portfolio in the year ahead.
Financial Highlights
54 data points| Revenue | $36.53B |
| Cost of Revenue | $28.56B |
| Gross Profit | $7.97B |
| R&D Expenses | $1.80B |
| SG&A Expenses | $5.40B |
| Operating Income | $1.86B |
| Net Income | $2.07B |
| EPS (Basic) | $2.65 |
| EPS (Diluted) | $2.61 |
| Shares Outstanding (Basic) | 780.80M |
| Shares Outstanding (Diluted) | 791.60M |
Key Highlights
- 1Net sales increased by 13% to $36.5 billion in 2011, driven by growth across all major segments.
- 2Segment profit rose by 19% to $5.4 billion, indicating strong operational performance and cost management.
- 3Aerospace segment sales grew 7% to $11.5 billion, supported by commercial aftermarket strength and business/general aviation rebound.
- 4Automation and Control Solutions (ACS) segment sales increased 13% to $15.5 billion, boosted by acquisitions and organic growth in Energy, Safety & Security.
- 5Performance Materials and Technologies (PMT) sales saw a significant 20% increase to $5.7 billion, driven by Advanced Materials and UOP performance.
- 6Transportation Systems reported a strong 21% sales increase to $3.9 billion, primarily due to higher turbocharger sales.
- 7The company repurchased $1.1 billion of common stock in 2011, with $1.9 billion remaining on its repurchase authorization, demonstrating commitment to shareholder returns.