Honeywell expects 2-4% organic sales growth in 2018
Revises fourth quarter and full year 2017 earnings guidance
Honeywell expects 2─4% organic sales growth in 2018 driven by investment in new product development, capacity expansion and restructuring, the US-based diversified supplier said in a press release last week. The company forecasts 30─60 basis points improvement in segment margins driven by higher sales and comprehensive restructuring initiatives. Honeywell expects free cash flow to grow next year by more than 20% despite continued focus on investment.
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