Dave Cote

Honeywell Reports Full-Year Sales Up 13% to $36.5 Billion; Proforma Earnings Up 35% To $4.05 Per Share; And Reported Earnings Per Share Of $2.61

Honeywell announced fourth quarter and full-year 2011 results as follows: • 4Q11 sales were up 8% to $9.5 billion versus $8.7 billion in 4Q10 – 7% organic growth reflects continued strength in most end markets and the contribution of new product launches and geographic expansion • 4Q11 proforma earnings (excluding the impact of pension [...]

Posted on Friday, January 27, 2012

Honeywell Names Shane Tedjarati President, High Growth Regions and Stephen Shang President, Honeywell China

Pictured left to right: Shane Tedjarati, President, High Growth Regions, and Stephen Shang, President, Honeywell China Honeywell announced that Shane Tedjarati was named to the broader role of President, High Growth Regions, and Stephen Shang will take over as President, Honeywell China, effective immediately. Tedjarati will continue to report directly to Honeywell Chairman and CEO Dave [...]

Posted on Wednesday, January 4, 2012

Honeywell Forecasts 2012 Sales Of $37.8-38.9 Billion, Up 4-7%; Proforma Earnings Per Share Of $4.25-4.50, Up 6-12%

Company Reaffirms 2011 Financial Guidance Honeywell announced its 2012 financial outlook including: • Sales of $37.8-38.9 billion, up 4-7% over 2011 estimated sales – 4-6% organic growth expected • Earnings per share (EPS) of $4.25-4.50, an increase of 6-12% over prior year – Strong sales conversion drives 40-70 basis points margin expansion [...]

Posted on Thursday, December 15, 2011

Honeywell Chairman and CEO Dave Cote Receives Distinguished Service Award from the Tax Foundation

Honeywell Chairman and CEO Dave Cote received the Distinguished Service Award from the Tax Foundation at its 74th Annual Dinner held in Washington, D.C. The Tax Foundation is a nonpartisan research organization that has monitored fiscal policy at the federal, state, and local levels since 1937. Since 1941, the Tax Foundation has awarded the Distinguished [...]

Posted on Friday, November 18, 2011

Honeywell To Increase Dividend By 12% Effective In The Fourth Quarter 2011

Honeywell announced that its Board of Directors has approved a 12% increase, or $0.16 per share, in the company’s regular annual cash dividend rate from $1.33 to $1.49 per common share ($0.3725 per share on a quarterly basis). The increased regular quarterly dividend rate will be effective starting with the fourth quarter dividend, which was [...]

Posted on Friday, October 28, 2011

Honeywell Chairman and CEO Dave Cote Discusses the Need for an American Competitiveness Agenda on ‘Nightly Business Report’ on PBS News

Honeywell Chairman and CEO Dave Cote discussed the need for an American Competitiveness agenda that would help the U.S. deficit and job market outlook on ‘Nightly Business Report’ on PBS News. Cote, a member of President Obama’s National Commission on Fiscal Responsibility and Reform, said that there are six points to an American Competitiveness agenda [...]

Posted on Wednesday, October 26, 2011