As a result of the Friction Materials divestiture, original equipment manufacturer incentives and currency headwinds, the company reported a 1% year-on-year decline in its fourth quarter revenue. However, on an organic basis, which excludes these factors, Honeywell's revenue grew 4%. Its annual revenue grew 4%, tempered by the same factors, while benefiting from the Intermec acquisition.
Comment on Honeywell Earnings: OEM Incentives, Friction Materials Divestiture Dampen An Otherwise Strong Performance
Trefis Team, Contributor, Forbes
Tue, 01/27/2015 - 6:38am
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