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Honeywell Q2 EPS $1.66, will split ACS business

Staff Writer |
Honeywell reported Q2 EPS of $1.66. Revenue for the quarter came in at $9.99 billion versus the consensus estimate of $10.13 billion.

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Honeywell also announced that it is realigning its ACS business segment into two new segments: Home and Building Technologies (HBT) and Safety and Productivity Solutions (SPS).

Financial performance for the third quarter of 2016 will be reported based on this realignment. For 2015, HBT and SPS would have had estimated revenues of approximately $9.4 billion and $4.7 billion, respectively.

HBT benefits from Honeywell's advanced software and connectivity capability combined with an installed base of products and technologies in more than 150 million homes and 10 million buildings worldwide.

It will include Honeywell's Environmental & Energy Solutions (E&ES), Security and Fire, and Building Solutions and Distribution businesses. E&ES' Industrial Combustion and Thermal business will be reclassified to Honeywell Performance Materials and Technologies (PMT).

SPS technologies support the productivity and safety of more than half a billion workers worldwide with offerings such as rugged mobile computers, voice-enabled software and workflows, bar-code scanners, printing solutions, gas sensing technologies, and personal protective equipment.

It will include Honeywell's Sensing & Productivity Solutions and Industrial Safety business units, as well as the Intelligrated acquisition after it closes.

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