Honeywell Hosts Annual Investor Conference, Reaffirms First-Quarter And Full-Year 2018 Outlook
March 08, 2018
- Investments in New Product Introductions, Commercial Capabilities, Software, and Emerging Regions Driving Growth Across the Portfolio
- Well Positioned for 2018 with Strong Backlog, Sales Momentum, and Margin Expansion Enablers
- Strong Balance Sheet Coupled with Global Mobility of Cash Allows for Further Capital Deployment
- Spin-Offs on Track for Completion by Year-End
MORRIS PLAINS, N.J., February 28, 2018 --Honeywell (NYSE: HON) will host itsannual investor conference at the company’s Morris Plains, N.J., headquarterstoday, led by President and Chief Executive Officer Darius Adamczyk. The companywill provide an update on Adamczyk’s key priorities, including acceleratingorganic growth, expanding margins, improving cash conversion, becoming asoftware-industrial company, and aggressively deploying capital.
As part of the conference, the company willalso reaffirm full-year earnings per share guidance of $7.75-$8.00 and first-quarterearnings per share guidance of $1.87-$1.93 (in each case, excluding separationcosts and adjustments to the provisional charge related to tax legislation, ifany).
The company will also showcase Honeywell’scutting-edge Connected technologies that are transforming the end-to-endcustomer experience in several key industries, including supply chain,industrial plants, aircraft, and homes and buildings.
“I am excited to update shareowners today onour strong financial performance in 2017 and outlook for 2018, and on our progressin becoming a software-industrial company,” Adamczyk said. “Our new productintroductions, commercial excellence efforts, focus on growing our ConnectedEnterprises, and strategies in High Growth Regions are driving organic growth.That growth, combined with our well-established processes to drive productivity,is continuing to deliver margin expansion. We have a strong balance sheet, andthe recent tax legislation in the U.S. provides us with greater flexibility to aggressivelydeploy our capital on a global basis.
“Honeywell’s innovative Connected technologies contributedsignificant growth in 2017, and will continue to be a major driver of organicgrowth this year. We are leveraging our advanced software capability and strongdomain knowledge to develop solutions and software that solve critical problemsfor our customers. Our Connected technologies keep cities working, planesflying, factories running, and workers safe.
“This is a transformative time for Honeywell, oursoftware capabilities, and our portfolio. The spins of our Homes andTransportation Systems businesses will be complete by the end of the year, our growthand productivity initiatives are yielding attractive results, and I amconfident in Honeywell’s ability to deliver significant shareowner value in2018 and for the years to come,” Adamczyk concluded.
Presentation materials and webcast information forthe Honeywell Annual Investor Conference, including a replay of the webcastfollowing the event, will be available at www.honeywell.com/investor.
Honeywell (www.honeywell.com) is a Fortune 100 software-industrial company thatdelivers industry specific solutions that include aerospace and automotiveproducts and services; control technologies for buildings, homes, and industry;and performance materials globally. Our technologies help everything fromaircraft, cars, homes and buildings, manufacturing plants, supply chains, andworkers become more connected to make our world smarter, safer, and more sustainable. For more news and informationon Honeywell, please visit www.honeywell.com/newsroom.
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