So What Now?
The Mothership made its first quarter earnings announcement today.
“Honeywell (NYSE:HON) reported Q1 EPS of 54 cents, inline with consensus estimates. Revenues fell 15% year-over-year to $7.57 billion, better than consensus estimates of $7.53 billion. Aerospace sales fell 9%, Automation and Control Systems sales fell 6%, Transportation Systems fell 41%, and Specialty Materials sales fell 25%. The company sees full-year sales of $32.3 – $33.2 billion (vs. $33.45 billion consensus), earnings per share of $2.85 – $3.20 (vs. $3.03 consensus), and free cash flow conversion greater than 100% of net income. “Honeywell delivered first quarter results that were in line with our expectations,” said Honeywell Chairman and CEO Dave Cote. “While we anticipated a difficult first half of 2009, slow global economic conditions continue and we are adjusting our outlook accordingly.”
Ok, so this is in line with what everyone expected. No one, anywhere, is surprised. But screw all that. The question remains: Is my job safe?
Oh, and in case you haven’t heard – the government is stopping CPR on Chrysler.
[Quote from Smartrends]
