Honeywell stimulates forecasts for the benefit of specialized materials

April 20, 2011, 7: 16 pm EDT by will Daley

(Updates with comment from analyst in the fourth paragraph).

April 20 (Bloomberg) - Honeywell International Inc. has relaunched its 2011 forecast profit after quarterly earnings soared on higher margins to the unit of this technology of licences for oil refineries.Profit, excluding some items will have as much as $3.95 per share, up to a forecast of March of $3.60 for $3.80, according to a statement today Honeywell, products range from thermostats House of aircraft parts. Sales will increase as much as 9.7%, the Township of Morris, said company focused on the New Jersey.Premier quarter earnings exceeded analysts estimates. Income climbed 19% specialty materials Division, which makes the refrigerants and refining technology licensing. Margins of profit for the segment of the division are 21%, compared to about 15 percent in the previous quarter. "The standout, is of course, materials specialist, is a contributor to the big beat,"Ajay Kejriwal, analyst at FBR Capital Markets in New York." "Huge margins in specialized materials."Honeywell earned $1.31 or 2.2 per cent, to $ 60.05 knit at 5 h 50, after the close of the New York Stock Exchange. The shares closed today at $58.74, which represents an increase of 10% this year.First quarter net income rose 44 percent to $ 705 million, or 88 cents per share, of 489 million dollars, or 63 cents, a year earlier. Analysts, in average, estimated profit of 82 cents, according to a survey of Bloomberg.Revenu Aerospace increased by 7.6% after that commercial planemakers an increase in spending on the coins. Controls division, greater sales, climbed 17 percent the company, helped by demand for products such as systems for detection of gas and the purchase of $ 1.1 billion year last income Sperian Protection .first-quarter increased 15% to $ 8.91 billion. Analysts predicted $ 8.64 billion on average.Sales for 2011 will be as much as $ 36.6 billion, said the Honeywell.

-Editors: Donna Alvarado, Ed Dufner

To contact the reporter on this story: Will Daley in New York at the wdaley2@bloomberg.net

To contact the editor responsible for this story: Ed Dufner at edufner@bloomberg.net

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