MORRIS TOWNSHIP, N.J.—Honeywell International Inc. has said it expects 2014 to yield sales of up to $40.7 billion this year.
Company chairman Dave Cote said he expects 2014 to be "another strong year for Honeywell" after he confirmed the company's 2013 sales estimate of $38.8 to $39 billion.
At an outlook conference last month, senior vice president and CFO David Anderson said the company's automation and control solutions segment was expected to see sales rise by 5 to 7 percent. Building system design likely would yield a "slow top line growth" due to a lack of funding for energy projects, said Cote.
The performance materials and technology segment could also be up 4 percent or 6 percent, with sales increases of up to 5 percent expected for the company's transportation systems segment, according to Cote.
The company's third quarter results reflected a 3 percent increase on last year at $9.6 million. ACS sales were $4.1 millon, a 4 percent increase from the same period last year. PMT sales reached $1.6 million, up 10 percent from last year's third quarter. The transportation systems unit sales also increased to $916 million, 6 percent more than during the same period of 2012.