Honeywell Sees Revenue Growth in 2016

Dow Jones Newswires

Honeywell International on Wednesday said it sees revenue growth next year after expected declines in 2015, despite uncertainty in some end markets.

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Shares rose about 1.5% in light premarket trading.

The company said for next year it expects earnings of $6.45 to $6.70 a share and revenue to grow 4% to 6% to $39.9 billion to $40.9 billion. Analysts are expecting earnings of $6.52 a share on revenue of $39.5 billion.

Honeywell also reaffirmed its 2015 guidance for earnings of $6.10 a share on revenue of $38.5 billion, representing a 4.5% sales decline from a year earlier.

Chief Executive Dave Cote said the company has a "credible and attainable plan" to achieve the guidance issued. He said Honeywell sees supported growth in fluorine products and transportation systems, and will be cautious in sales planning in uncertain end markets.

Mr. Cote also pointed to expected contributions from recent acquisitions.

Honeywell has done 84 acquisitions in the 13 years under Mr. Cote, adding about $12 billion in annual sales and ending up with a stable of about 65 different brands. The company in October said it signed an agreement to acquire the Germany-based research chemical business of Sigma-Aldrich Corp., a U.S. supplier of laboratory testing materials, in a deal worth EUR105 million (about $119.5 million).

Write to Anne Steele at Anne.Steele@wsj.com