Honeywell Chairman and CEO Dave Cote discussed the company’s Great Positions in Good Industries, its strong cash generation and deployment strategies, and the strengthening of the U.S. economy, including his relationship with the Obama Administration, on “Intelligent Investing” with Steve Forbes, President and Chief Executive Officer of Forbes and Editor-in-Chief of Forbes magazine.
During the interview Cote discussed Honeywell’s strong cash generation and deployment execution, including its strategic acquisitions process.
“We’re a very good cash generator,” said Cote. “And, because we do a great job on the organic growth side, you have three choices: dividends, share repurchases, acquisitions.”
“We’ve created an acquisitions process that goes from identification, valuation, due diligence, and integration that’s actually pretty robust. So, that’s why our track record is so good,” added Cote.
During the interview, Cote and Forbes also discussed the state of the U.S economy and the future for business in the country.
“There’s a real opening for business in the U.S. to start to finally really get recognized for what we are, and that’s the good guys,” said Cote. “I’ve always said, we’re the good guys in this American story.”
