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Honeywell Committed To Strong Organic Sales, Margin Expansion And Double-Digit Earnings Growth Through 2018MORRIS TOWNSHIP, N.J., March 4, 2015 /PRNewswire/ -- Honeywell (NYSE: HON) will hold its annual investor conference in New York City today and reaffirm its five-year outlook for organic sales of $46.0-$51.0 billion and segment margin of 18.5-20.0%. "Our businesses today have Great Positions in Good Industries and are well positioned to grow," said Honeywell Chairman and CEO Dave Cote. "We achieved the goals set out in our first five-year plan ending in 2014 despite some significant headwinds in the global economy, and our 2018 plan has even more aggressive targets. Our balanced portfolio mix of short- and long-cycle businesses will benefit from improving end markets, new product introductions, continued penetration in high growth regions, and HOS Gold." "HOS Gold is driving breakthrough innovation and execution, allowing us to grow sales and margin above the market and our peers," continued Cote. "Our set of core processes and business management tools - Honeywell User Experience, Velocity Product Development™, Functional Transformation, and Organizational Effectiveness - continues to mature, helping us to bring better products to market faster than our competitors. Achieving CMMI Level 5 for software development in 2015 will give us a huge advantage over competitors, while the Honeywell User Experience will ensure that our products will be easy to use and install." "Our robust balance sheet provides the flexibility and firepower we need to execute on our growth plans," concluded Cote. "We expect an additional dollar in EPS by 2018 from capital deployment, including M&A and share repurchases. While M&A is the priority, we will deploy net cash amounts in excess of $1-$2 billion for incremental share repurchase, and are committed to growing our dividend rate faster than earnings." "We're off to a strong start to achieving the 2018 targets we established last year, and there's a lot of runway in front of us. It's an exciting time for the Company, and we are confident that the best is yet to come." The Company reaffirms its 1Q 2015 EPS guidance of $1.36-$1.41 and full-year 2015 guidance.
Related presentation materials and webcast information for the Honeywell annual investor conference are available at www.honeywell.com/investor. A replay of the webcast will be available following the presentation at the same link listed above. Honeywell (www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes, and industry; turbochargers; and performance materials. For more news and information on Honeywell, please visit www.honeywellnow.com. 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. We identify the principal risks and uncertainties that affect our performance in our Form 10-K and other filings with the Securities and Exchange Commission.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/honeywell-committed-to-strong-organic-sales-margin-expansion-and-double-digit-earnings-growth-through-2018-300045252.html SOURCE Honeywell 
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