Honeywell International will take the lead among major Department of Energy contractors in rolling out it latest earnings numbers.
Third-quarter figures will be issued prior to market open on Friday. Management’s earnings conference call, which will be webcast, is scheduled for 9:30 a.m. Scheduled speakers are: President and CEO Darius Adamczyk, Senior Vice President and Chief Financial Officer Tom Szlosek, and Vice President for Investor Relations Mark Macaluso.
The event comes less than two weeks after Honeywell announced that it would spin off its Homes, Global Distribution Business, and Transportation Systems segments into two separate publicly traded companies by the close of next year. However, it will retain its Aerospace business, where Honeywell’s DOE work lives.
The latest earnings period was Honeywell’s first full quarter as management and operations contractor for DOE’s Sandia National Laboratories. Its wholly owned National Technology and Engineering Solutions of Sandia replaced a Lockheed Martin subsidiary on May 1, with a contract worth $2.6 billion annually.
Honeywell is also part of the team, with Jacobs Engineering and Stoller Newport News Nuclear, that in May received the M&O contract for the Nevada National Security Site. More recently, on Thursday, it was announced that it had scored another DOE contract win: This $4.7 billion deal, with Bechtel National and BWX Technologies, to take over liquid waste management at the Savannah River Site in South Carolina.
In the second quarter, Honeywell’s net sales grew by 3 percent on a year-over-year basis, to $10.1 billion. Earnings were up by 10 percent, with earnings per share at $1.80.
