Honeywell Reports Losses
February 05
00:00
2003
Honeywell Reports Losses
John Wolz
At %5.9 billion, Honeywell Inc. fourth quarter 2002 sales came in just $2 million more than the previous year, but net income fell from $118 million for 2001 to a loss of $1.5 billion for 2002.
Full year sales fell about $1.4 billion to $22.3 billion. Honeywell�s 2001 loss of $99 million grew to a loss of $220 million for 2002.
Honeywell holdings include the former TriStar Aerospace fastener distributor. Web: honeywell.com �2003 FastenerNews.com
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