Honeywell announced that the company’s operating income in the first quarter of 2014 continued its growth trend, and its four business segments maintained growth in all three divisions except the Aerospace Business Unit.
In the first quarter of 2014, Honeywell’s operating income climbed from US$9.328 billion in the same period last year to US$9.679 billion, a year-on-year increase of 3.8%, of which sales of products and services reached US$7.85 billion and US$1.83 billion, respectively.
In addition, Honeywell’s net profit attributable to shareholders of the company last quarter also maintained a steady increase, up 5.3% year-on-year to reach US$1.02 billion.
Although the Transportation Systems Business Unit is the latest in Honeywell's scale, thanks to the strong demand for turbochargers in various markets, the department achieved the best performance, with net sales up 8.6 times in the previous quarter. % to 993 million U.S. dollars; sector profits surged from 111 million U.S. dollars in the same period of last year to 154 million U.S. dollars, an increase of 38.7%.
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