Honeywell's 2011 sales increased 13% year-on-year

Honeywell has announced its financial report for the fourth quarter of 2011 and the full year of 2011.

In the fourth quarter of 2011, Honeywell’s sales increased by 8% from the same period last year to US$9.5 billion. Sales for the same period of 2010 were US$8.7 billion. The increase in sales was mainly due to the introduction of new products and the expansion of regional markets. . Honeywell’s operating cash flow in the fourth quarter was $1.5 billion.

For the full year of 2011, Honeywell’s sales increased 13% year-on-year to US$36.5 billion, operating cash flow was US$2.8 billion, and free cash flow was approximately US$3.7 billion.

Dave Cote, president and CEO of Honeywell, said that the European debt crisis has caused weakness in the European market and the economic situation in 2012 will be even more severe.

Honeywell previously announced that its 2012 sales are expected to be 37.8 billion to 38.9 billion US dollars, an increase of 4-7%; earnings per share of 4.25-4.50 US dollars, an increase of 6-12%; free cash flow for 35 billion U.S. dollars.