Earnings Roundup: Honeywell, Atlas Copco And Air Products

We're in the midst of another quarterly earnings reporting period, with publicly-traded companies sharing their latest fiscal performance numbers. Here, see the figures for Honeywell, Atlas Copco and Air Products & Chemicals.

Id 27086 Honeywell

We're in the midst of another quarterly earnings reporting period, with publicly-traded companies sharing their latest fiscal performance numbers.

A handful of prominent industrial manufacturers reported their figures over the past couple days. Here's the key numbers:

Honeywell

Global, diversified manufacturer Honeywell reported its fourth quarter and full year 2016 fiscals on Friday. The commercial and consumer products giant posted Q4 sales of $9.99 billion, identical to a year earlier. Organic sales decreased by 1 percent, while total profit fell 12 percent to $1.03 billion.

By business segment in Q4:

  • Aerospace sales of $3.67 billion (36.7 percent of total) declined 8 percent year-over-year, with organic sales down 5 percent. Segment profit decreased by 14 percent.
  • Home and Building Technologies sales of $2.8 billion (28 percent of total) increased 13 percent year-over-year, with organic sales up 2 percent. Segment profit increased by 11 percent.
  • Performance Materials and Technologies sales of $2.23 billion (22.3 percent of total) decreased by 5 percent year-over-year, with organic sales up 5 percent. Segment profit incresaed by 20 percent.
  • Safety and Productivity Solutions sales of $1.29 billion (12.9 percent of total) increased by 9 percent year-over-year, with organic sales down 6 percent. Segment profit increased by 2 percent.

Honeywell's total Q4 expenses rose 2.7 percent year-over-year.

For the full year, Honeywell had 2016 total sales of $39.3 billion, up 1.9 percent from 2015, while organic sales fell 1 percent. Total profit of $4.81 billion was up slightly from 2015's $4.77 billion.

Full year Aerospace sales decreased 3 percent from 2015 and profit fell 7 percent. Full year Home and Building Technologies sales increased 16 percent and profit increased 11 percent. Full year Performance Materials and Technologies sales decreased 2 percent and profit incresed 3 percent. Full year Safety and Productivity Solutions sales decreased 2 percent and profit decreased 9 percent.

Atlas Copco

Sweden-based Atlas Copco — which announced Jan. 16 that it is splitting into two companies — shared its Q4 and full year 2016 fiscal results on Friday. The company posted Q4 sales of $3.2 billion, up 14 percent year-over-year, while profit more than doubled to $280 million.

Q4 compressor sales rose 22 percent year-over-year, and rose 8 percent for the year.

For the full year, Atlas Copco had total 2016 sales of $11.5 billion, a 2 percent increase from 2015, while profit of $1.4 billion increased 2 percent as well.

Along with dividing into separately-listed companies for its industrial customers and mining/civil engineering customers, Atlas Copco announced on Jan. 19 that it is selling its Road Construction Equipment Division to France-based construction company Fayat Group. The division has sales and service operations in 37 countries, and production units in five countries. The unit had a headcount of 1,265 in 2016 and sales of $330 million.

Air Products & Chemicals

Lehigh Valley, PA-based Air Products & Chemicals reported its 2017 Q1 fiscals on Friday. The industrial gases producer posted Q1 sales of $1.88 billion, up 1 percent year-over-year, while profit of $251.6 million was down 10.4 percent.

Industrial gas sales by geography in Q1:

  • Americas sales of $864 million were up 3 percent year-over-year, with operating profit up 6 percent
  • EMEA sales of $400 million were down 9 percent, with operating profit down 5 percent
  • Asia sales of $438 million increased 6 percent, with operating profit up 1 percent

 

Here are upcoming dates of when some prominent industrial distributor/manufacturer will report their latest fiscal performance

  • 1/31: Anixter
  • 2/2: Snap-on, Kennametal
  • 2/9: Timken Bearings
  • 2/15: NOW Inc./DistributionNOW
  • 2/16: MRC Global

Check out the earnings roundup from 1/26 to see the latest fiscal numbers for Stanley Black & Decker, Praxair, Rockwell Automation and Avnet.

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