- Forecasts Fourth Quarter EPS up 7 - 11% Despite Tougher Economic Environment
- Narrows Full Year EPS Range to Increase of 19 - 20% Versus Prior Year
MORRIS TOWNSHIP, N.J. , Oct. 17 /PRNewswire-FirstCall/ -- Honeywell (NYSE: HON) today announced third quarter 2008 sales of
"We believe that demand for Honeywell's differentiated technologies and solutions, combined with our great positions in good industries, will help the company outperform despite tougher global economic conditions. We continue to benefit from our large installed base, emerging regions presence and balance of long- and short-cycle businesses," said Honeywell Chairman and Chief Executive Officer Dave Cote . "In a more difficult environment, our conservative planning, proactive cost management, and common systems, processes and productivity initiatives are helping the company to deliver sustained earnings growth."
Honeywell forecasts 2008 sales of approximately
Automation and Control Solutions
Honeywell will discuss its results during its investor conference call today starting at 8:00 a.m. EDT . To participate, please dial (719) 325-4906 a few minutes before the 8:00 a.m. start. Please mention to the operator that you are dialing in for Honeywell's investor conference call. The live webcast of the investor call will be available through the "Investor Relations" section of the company's Website (http://www.honeywell.com/investor). Investors can access a replay of the webcast starting at 11:00 a.m. EDT , October 17 , until midnight EDT , October 24 , by dialing (719) 457-0820. The access code is 6396348.
Honeywell International is a
This release contains certain statements that may be deemed "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, that address activities, events or developments that we or our management intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are based upon certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. Such forward-looking statements are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by such forward-looking statements.