Honeywell Profits Up 8 Percent in Third Quarter

MORRIS TOWNSHIP, N.J.

Honeywell’s third-quarter earnings were up eight percent compared to the year before, boosted by a 20-percent increase in net profit for the quarter by the division which includes Honeywell’s security and fire products. Honeywell had a net income of $372 million for the three months that ended on Sept. 30, compared to $344 million for the same period a year ago.

Sales for Automation and Control Solutions (ACS) – which includes Honeywell Security and the fire product divisions like Gamewell and NOTIFIER –  had a six-percent increase in third quarter sales, which would have been closer to eight percent if the May 3 sale of Honeywell Security Monitoring wasn’t included.

The ACS segment had a net third-quarter profit of $235 million, compared to $208 million in 2003.

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