* Sees 2013 EPS of $4.75 to $4.95; Street expects $4.95
* Expects 2013 revenue of $39 bln to $39.5 billion
(Adds conference call details; updates stock prices)
Dec 10 Diversified U.S. manufacturer Honeywell
International Inc forecast a fiscal 2013 profit mostly
below Wall Street's estimates on Monday as sales cool in the
aerospace and transportation sectors.
The company, whose many industrial products include cockpit
electronics and automotive turbochargers, also said it would buy
mobile computing device maker Intermec for $600 million,
or $10 per share.
The subdued forecast was not unexpected on Wall Street,
where shares of Honeywell were down 0.2 percent to $61.86 in
midday trading on Monday.
Chief Executive Officer Dave Cote, known for his strong
views on the perils of the U.S. "fiscal cliff" of automatic tax
increases and government spending cuts, did not mention it as a
reason for the weaker-than-expected forecast in a statement on
Cote did not participate in a conference call with investors
on Monday to discuss the deal and forecast.
The new forecast was released a week earlier than expected
due to the Intermec deal, which gives Intermec shareholders a 25
percent premium from Friday's closing stock price.
Honeywell expects the deal to dent its 2013 earnings by 3
cents to 4 cents per share.
The company forecast a 2013 profit of $4.75 to $4.95 per
share, excluding items, while analysts on average expect $4.95,
according to Thomson Reuters I/B/E/S.
Honeywell said it expected revenue of $39.0 billion to $39.5
billion for 2013, which compares with analysts' expectations of
Intermec's scanning and mobile computer technology will help
Honeywell offer products involving RFID (radio frequency
identification), voice-directed applications, barcode and
The deal "really enables Honeywell to be a leader of rugged
mobile computers and scanners in the AIDC (automatic
identification and data capture) space," Honeywell Chief
Financial Officer David Anderson said on the conference call
AIDC is a method to automatically collect and record data. A
common example is a barcode.
Shares of Intermec rose 23 percent to $9.80.
(Reporting by Sayantani Ghosh in Bangalore and Ernest Scheyder
in New York; Editing by Roshni Menon, Lisa Von Ahn and Tim