Honeywell International Inc. Earnings: Profit Streak Snapped by a Loss

S&P 500 (NYSE:SPY) component Honeywell International Inc. (NYSE:HON) reported its results for the fourth quarter. Honeywell International is a technology and manufacturing company which offers aerospace products and services, control, sensing and security technologies for buildings, homes and industry, turbochargers and automotive products.

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Honeywell International Earnings Cheat Sheet for the Fourth Quarter

Results: Reported a loss of $310 million (40 cents per diluted share) in the quarter. Honeywell International Inc. had a net income of $369 million or 47 cents per share in the year earlier quarter.

Revenue: Rose 8.3% to $9.47 billion from the year earlier quarter.

Actual vs. Wall St. Expectations: HON reported adjusted net income of $1.05 per share. By that measure, the company was about in line with expectations as the mean analyst estimate was $1.04 per share. Analysts were expecting revenue of $9.56 billion.

Quoting Management: “Honeywell had a terrific 2011,” said Honeywell Chairman and CEO Dave Cote. “We executed across the portfolio with record organic sales growth and segment margins. Our 2011 performance reflects the operational and financial disciplines that underpin the transformation that has taken place at the company over the last 10 years. We deployed the Honeywell five Initiatives – Growth, Productivity, Cash, People, and our Enablers, and created a common One Honeywell culture committed to continuous improvement. As a result, we built a better set of businesses with Great Positions in Good Industries, a terrific performance track record, a great leadership team with a truly global focus, a very full pipeline of new products and technologies, and our key process initiatives that are gaining momentum. We’ve come a long way, and we feel even better about our future.”

Key Stats:

The company has now topped analyst estimates for the last four quarters. It beat the mark by 11 cents in the third quarter, by 2 cents in the second quarter, and by 7 cents in the first quarter.

Looking Forward: Over the last 30 days, analysts have not been optimistic about the company’s next quarter performance. The average estimate for the first quarter of the next fiscal year is now $1.02 per share, down from $1.03. The average estimate for the fiscal year is now $4.03 per share, down from $4.04 sixty days ago.

Competitors to Watch: The Boeing Company (NYSE:BA), United Technologies Corp. (NYSE:UTX), Goodrich Corporation (NYSE:GR), Esterline Tech. Corp. (NYSE:ESL), Triumph Group, Inc. (NYSE:TGI), General Electric Company (NYSE:GE), Rockwell Collins, Inc. (NYSE:COL), HEICO Corporation (NYSE:HEI), and Lockheed Martin Corp. (NYSE:LMT).

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(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com