Company to Present its Long-Term Growth Outlook at its Annual Investor Conference on Monday, February 22nd
Honeywell re-affirmed its full-year 2010 financial guidance, including sales of $31.3 – 32.2 billion and earnings per share (EPS) of $2.20-2.40. In addition, the company confirmed first quarter sales guidance of $7.2 – 7.6 billion and updated its first quarter EPS guidance to $0.40 – 0.45, which reflects the company’s continued strong operational performance and excludes the potential negative impact of proposed healthcare legislation that was previously included in its first quarter EPS guidance.
“The outlook for Honeywell is bright,” said Honeywell Chairman and Chief Executive Officer Dave Cote. “We performed well in the last recovery, well in the recession, and will perform even better in this recovery. We continued seed planting throughout the cycle, investing in innovative new products and technologies, which positions us well for growth. We maintained our research and development investment, expanded our emerging region presence, and made further progress on our key process initiatives. This focus allows us to build on our technology differentiation and expand our global footprint. Today, we are building off a much stronger base that will enable us to drive significant growth over the next five years.”
Honeywell will hold its annual investor conference on Monday, February 22 to discuss strategies for its businesses and major markets, including detail on its attractive long-term growth outlook.
For more information on the conference, read the press release.
