Honeywell hosted its annual investor conference in New York City on Wednesday, March 2 where it reaffirmed its first quarter and full year 2016 guidance, highlighted expectations for strong organic sales growth in 2017 and earnings outperformance through 2018, and discussed software innovations and a continued commitment to creating long-term shareholder value.
Great Positions in Good Industries Driving Growth
“Honeywell’s Great Positions in Good Industries have positioned the company for growth over the long term,” said Honeywell Chairman and CEO Dave Cote. “We continue to outperform against our peers driven by our differentiated technology, new product introductions, expansion of our global footprint, HOS Gold, and the benefit from continued growth investments.
HOS Gold Driving Growth and Margin Expansion Across Portfolio
“We generated double-digit earnings growth in 2015 for the sixth consecutive year, reinforcing the power of our operating systems built on HOS Gold,” said Cote. Our business model is working. HOS Gold is driving breakthrough innovation, which allows us to outpace our markets, and we have effective internal processes that generate sustainable growth and productivity even in a slower growth environment.”
Software Is A Competitive Advantage
Today, more than half of Honeywell’s engineers are focused on software, and, as of 2015, 100% of businesses developing software are CMMI Maturity Level 5 compatible, which, according to Cote, “Gives us a huge advantage over our competitors and supports double-digit growth in our over $1 billion software portfolio.”
During the event, Cote and the Honeywell executive leadership also discussed expansion in high growth regions, the importance of localized strategies in these regions, smart acquisitions, capital investment in our business and returns of capital to shareowners. Honeywell also hosted a Technology Showcase, where key products for the home, aviation, vehicles, commercial buildings and industrial facilities were on display for attendees.
“We’re very proud of what we’ve been able to accomplish and even more excited about where all of the seed planting is going to take us. There’s a lot of runway in front of us, and the best is certainly yet to come for Honeywell.”
Presentation materials and a replay of the Honeywell Annual Investor Conference are available at http://www.honeywell.com/investor.
Read the full press release.