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Industrial Conglomerates

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Honeywell says recognized charges of $108 million related to workforce reductions in quarter

Friday, 20 Oct 2017

Oct 20 (Reuters) - Honeywell International Inc ::Says in quarter ended Sept. 30, recognized repositioning charges of $108 million related to workforce reductions of 1,700 positions - SEC filing.Says workforce reductions in quarter were primarily related to site transitions, mainly in safety and productivity solutions and aerospace‍​.

Baker Hughes expects activity to stay flat through year-end - Conf Call

Friday, 20 Oct 2017

Oct 20 (Reuters) - Baker Hughes A GE Co : :Baker Hughes - Expect activity to stay flat through year-end till market has "better line of sight" into 2018 budgets, operators' production hedge positions - Conf Call.Baker Hughes says in Q3, Q-O-Q increase in orders was driven by shorter cycle segment, oilfield services and digital solutions - Conf Call.Baker Hughes says recorded negative impact of about $15 million in quarter as a result of supply chain driven delays caused by Hurricane Harvey - Conf Call.Baker Hughes CFO says major project investments remained low in oil and gas market - Conf Call.Baker Hughes CFO says in short term, expect headwinds on service orders from customers spend delays and low LNG order to continue - Conf Call.Baker Hughes says expect digital solutions to continue to grow in Q4, but off a lower base than Q4 2016 - Conf Call.Baker Hughes CEO says "Would definitely" expect Q4 to be better operationally due to seasonaility and some process changes - Conf Call.Baker Hughes CEO says expect oilfield equipment business to continue to be challenged, with some delays in some projects - Conf Call.Baker Hughes CFO says apart from forex, do not expect any appreciable increase in margin rates over next few quarters - Conf Call.Baker Hughes CEO says "We should have better order performance in 2018, but actually the revenue side continue to be pressured" - Conf Call.

Honeywell sees 2017 sales of $40.2 bln - $40.4 bln

Friday, 20 Oct 2017

Oct 20 (Reuters) - Honeywell International Inc :Honeywell - sees 2017 total Honeywell sales $40.2 billion - $40.4 billion - presentation‍​.Honeywell - sees 2017 total Honeywell segment margin about 19.0 percent.FY2017 revenue view $39.89 billion -- Thomson Reuters I/B/E/S.

Honeywell to grow dividends at pace equal to or greater than earnings post 2018 - Conf Call‍​

Friday, 20 Oct 2017

Oct 20 (Reuters) - Honeywell International Inc :Honeywell says intend to undertake additional restructuring projects in Q4, enabled by lower effective tax rate.Honeywell says it is looking at trends continuing in most of its businesses going into 2018.Honeywell says committed for the 5-year period, ending in 2018, where co will grow dividends at a pace faster than earnings‍​.Honeywell says will grow dividends at a pace equal to or greater than its earnings for the period after 2018.Honeywell says excited about its potential in both China and India, across its portfolio.

GE sees 2017 Industrial Operating + Verticals EPS of $1.05-$1.10

Friday, 20 Oct 2017

Oct 20 (Reuters) - General Electric Co : :General Electric says 2017 estimated financial outlook for Industrial Operating + Verticals EPS $1.05-$1.10.General electric sees 2017 Industrial CFOA of about $7 billion.FY2017 earnings per share view $1.53 -- Thomson Reuters I/B/E/S.

GE reports quarterly ‍industrial operating + verticals EPS of $0.29​

Friday, 20 Oct 2017

Oct 20 (Reuters) - General Electric Co ::Quarterly ‍continuing operations EPS (GAAP) of $0.22​.Quarterly ‍industrial operating + verticals EPS (non-GAAP) of $0.29​.Quarterly total revenues $33.47 billion, up 14 percent.Quarterly orders $29.8 billion, up 11 percent.Says at quarter-end, backlog was $328 billion, up 3 percent.Q3 earnings per share view $0.49, revenue view $32.56 billion -- Thomson Reuters I/B/E/S.General Electric's CEO says "this was a very challenging quarter".General Electric Co CEO says majority businesses had solid q3 earnings performance, offset by decline in "power performance in difficult market".Says EPS impacted by $0.16 in quarter, including impairments of $0.13, higher restructuring and lower gains of $0.03‍​.

Baker Hughes a GE Co Q3 adj. basic earnings per share $0.05

Friday, 20 Oct 2017

Oct 20 (Reuters) - Baker Hughes A Ge Co ::Qtrly ‍GAAP loss per share $0.24​.Qtrly ‍revenue of $5.4 billion, down 1% sequentially and flat year-over-year on a combined business basis​.‍"In our Oilfield Services segment, we continue to see growth driven by our well construction business in North America"​.Qtrly ‍adjusted basic earnings per share (a non-GAAP measure) were $0.05​.In Oilfield Services segment, ‍international activity "remains muted" with rig count flat year-to-date.‍"In our Oilfield Equipment segment, subsea market continues to be challenging"​.‍"We expect overall oil and gas environment to remain challenging for rest of year"​.In Oilfield Equipment segment, "activity remains low and price continues to be pressured​".In overall O&G environment, seen some improvement in activity but not seen meaningful increases in customer capital commitments​.In Oilfield Equipment segment, expect subsea market to be challenged in short term, "little sign" of significant recovery in 2018​.Adjusted operating income for Q3 excludes adjustments of $362 million before tax, related to restructuring charges, merger and related costs​.Q3 earnings per share view $0.11, revenue view $5.53 billion -- Thomson Reuters I/B/E/S.

General Electric Co results press release

Friday, 20 Oct 2017

Please click on the link below for General Electric Co's quarterly earnings press release::.

Honeywell reports quarterly earnings per share of $1.75

Friday, 20 Oct 2017

Oct 20 (Reuters) - Honeywell International Inc :Honeywell delivers earnings per share of $1.75 and sales of $10.1 billion.Reaffirms FY earnings per share view $7.05 to $7.10 excluding items.Honeywell - qtrly segment margin ‍18.7 percent versus 17.5 percent.Honeywell - qtrly aerospace segment sales $3,657 ‍​million versus. $3,601 million.Honeywell - qtrly earnings per share ex-divestitures & additional 3Q17 restructuring, normalized for tax, was $1.75‍​.Q3 earnings per share view $1.75, revenue view $10.01 billion -- Thomson Reuters I/B/E/S.FY2017 earnings per share view $7.09 -- Thomson Reuters I/B/E/S.

Toshiba says uncollectible receivables in units

Friday, 20 Oct 2017

Oct 20 (Reuters) - Toshiba Corp <6502.T>:Says concern of uncollectible receivables of totalling 17.7 million yen in units TOSHIBA DENZAI MARKETING CO.,LTD and TOSHIBA TEC CORPORATION from Oita-based company KCS, which is mainly engaged in sales and construction of solar power generation system.

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