Dave Cote Discusses Strong 2nd Quarter Performance on CNBC's Mad Money
July 22, 2014
Honeywell Chairman and CEO Dave Cote appeared on CNBC’s Mad Money with Jim Cramer on July 21 to discuss Honeywell’s strong Q2 earnings and how the company will continue to drive its strategy for growth.
Cote emphasized the importance of Great Positions in Good Industries, high-quality earnings and strong cash flow as keys to the company’s continued outperformance. He highlighted Honeywell’s leading solutions in the oil industry that work to get the most out of every barrel of oil, and viable biofuel technology that produces fuel from natural, renewable sources like algae and camelina. Additionally, Cote discussed the company’s continued focus on cash, driving strong free cash flow through high quality earnings and working capital, and generating great returns through CAPEX investments.
“Our cash flow has been very good, and it is going to continue to be good,” he said.