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Honeywell Chairman and CEO, Dave Cote, Discusses Company Outlook on Bloomberg TV

While at the International Economic Forum of the Americas in Montreal, Canada, Honeywell Chairman and CEO, Dave Cote, was interviewed by Bloomberg TV’s Vonnie Quinn. Cote spoke about monetary policy, the U.S. economy, and the country’s need to invest even in a slow growth environment, keeping on the Conference’s theme of “Shaping a New Era of Prosperity.”

Cote also stated that he foresees a strong future for Honeywell. “We’re going to continue to do what we’ve always done,” he said. “We’re going to continue to drive core organic growth, and we’ve got a nice inflection point coming in 2017, which we’ve been predicting for a couple years. Margin rates are going to continue to expand. We have a lot of money. We’re a great cash generator, and we’re going to deploy that cash in a way that benefits our shareowners, through dividends that increase faster than earnings. We’ve been growing our earnings by double-digits, far different than other industrial companies. We’re going to buy back shares as it’s appropriate, and we’re also going to do acquisitions that make sense.”

Rob Ferris
Corporate and Financial Media Relations