Honeywell updates Q4 guidance, issues FY18 outlook ahead of investor conference call (153.74)
- Q4: Co now sees EPS of approximately $1.84 (Previously guided for $1.79-1.84) vs $1.83 Capital IQ Consensus Estimate, sees sales +9% (Previously guided for +5-7%) to ~$10.88 bln vs $10.54 bln Capital IQ Consensus Estimate, sees organic growth +7-8% (Previously guided for +4-6%, sees segment Margin Expansion Down ~(10) bps -- Flat (Previously guided for +30-50 bps)
- FY18: Co sees EPS of $7.55-7.80 vs $7.79 Capital IQ Consensus Estimate, sees organic sales growth of 2-4%, expects to grow segment margins by 30 to 60 basis points, sees FCF of $5.2-5.9 bln