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.
Posted on Friday, February 19, 2010
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Norm Gilsdorf, president of Honeywell Process Solutions (HPS), has been named a Distinguished Engineering Alumni (DEA) Award winner from his alma mater, Purdue University in West Lafayette, Indiana. Gilsdorf was selected for his outstanding technical and business achievements and his dedication to Purdue University.
After graduating from Purdue in 1977 with a degree in chemical engineering, Gilsdorf joined UOP, a joint venture fully acquired by Honeywell in 2005, where he spent 30 years in various leadership positions, including senior vice president and general manager of the Process Technology and Equipment business. Gilsdorf joined HPS in 2008 as vice president and general manager of the Europe, Middle East and Africa region, and became president of the business in 2009.
The Purdue College of Engineering has more than 81,000 living alumni. Since 1964, the distinction of DEA has been bestowed upon only 423 of these outstanding individuals who have become leaders in business, public service, and academia.
For more information, read the press release.
Posted on Friday, February 19, 2010
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John McClurg, Vice President of Honeywell Global Security, was named one of the “Most Influential People in Security” for 2009 by Security Magazine.
The magazine called McClurg “one of the best leaders in the industry,” and acknowledged his responsibility for the strategic and tactical operations of Honeywell’s internal global security services.
McClurg joined Honeywell in 2005, bringing with him more than 22 years of diverse business and security experience. His background includes extensive knowledge of cyber-counterintelligence, computer investigations and infrastructure threat assessments, and counterespionage.
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Posted on Wednesday, February 17, 2010
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The Board of Directors of Honeywell declared a regular quarterly dividend of $0.3025 per share on the company’s outstanding common stock. The dividend is payable on March 10, 2010 to shareowners of record at the close of business on February 19, 2010.
Posted on Saturday, February 13, 2010
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Honeywell has set Monday, April 26 as the date for its 2010 Annual Shareowner Meeting, to be held at 10:30 a.m. at the company’s headquarters in Morris Township, New Jersey. Shareowners of record at the close of business on Friday, February 26, 2010, will be entitled to vote at the 2010 Annual Shareowner Meeting.
Posted on Saturday, February 13, 2010
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Honeywell has been selected as one of America’s top companies for Investor Relations, according to Institutional Investor magazine’s annual “U.S. Investor Relations” rankings.
The magazine is recognizing Honeywell for:
– Best Chief Financial Officer – Nominated by the Buy Side
– Best Chief Financial Officer – Nominated by the Sell Side
– Best Investor Relations – Nominated by the Buy Side
Institutional Investor magazine polled close to 800 portfolio managers and buy-side individuals, as well as 570 sell-side analysts. Voters identified companies with the best investor relations, as well as the top Chief Executive Officers, Chief Financial Officers, and Investor Relations professionals.
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Posted on Wednesday, February 10, 2010
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