Honeywell (HON) Reaffirms Q1 And Full-Year 2018 Outlook

Honeywell (NYSE: HON) will host its annual investor conference at the company's Morris Plains, N.J., headquarters today, led by President and Chief Executive Officer Darius Adamczyk. The company will provide an update on Adamczyk's key priorities, including accelerating organic growth, expanding margins, improving cash conversion, becoming a software-industrial company, and aggressively deploying capital.

As part of the conference, the company will also reaffirm full-year earnings per share guidance of $7.75-$8.00 and first-quarter earnings per share guidance of $1.87-$1.93 (in each case, excluding separation costs and adjustments to the provisional charge related to tax legislation, if any).

The company will also showcase Honeywell's cutting-edge Connected technologies that are transforming the end-to-end customer experience in several key industries, including supply chain, industrial plants, aircraft, and homes and buildings.

"I am excited to update shareowners today on our strong financial performance in 2017 and outlook for 2018, and on our progress in becoming a software-industrial company," Adamczyk said. "Our new product introductions, commercial excellence efforts, focus on growing our Connected Enterprises, and strategies in High Growth Regions are driving organic growth. That growth, combined with our well-established processes to drive productivity, is continuing to deliver margin expansion. We have a strong balance sheet, and the recent tax legislation in the U.S. provides us with greater flexibility to aggressively deploy our capital on a global basis.

"Honeywell's innovative Connected technologies contributed significant growth in 2017, and will continue to be a major driver of organic growth this year. We are leveraging our advanced software capability and strong domain knowledge to develop solutions and software that solve critical problems for our customers. Our Connected technologies keep cities working, planes flying, factories running, and workers safe.

"This is a transformative time for Honeywell, our software capabilities, and our portfolio. The spins of our Homes and Transportation Systems businesses will be complete by the end of the year, our growth and productivity initiatives are yielding attractive results, and I am confident in Honeywell's ability to deliver significant shareowner value in 2018 and for the years to come," Adamczyk concluded.

Presentation materials and webcast information for the Honeywell Annual Investor Conference, including a replay of the webcast following the event, will be available at www.honeywell.com/investor.

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